Key Essilor directions switched to Italian management
According to a report by the French business newspaper Les Échos on June 9, Francesco Milleri, CEO of EssilorLuxottica since the last general assembly of shareholders, has been appointed as Essilor International’s CEO as well, taking over responsibilities assumed since April last year by Paul du Saillant, currently deputy CEO ...
Essilux-GV transaction gets final green light from Turkey
All regulatory lights are now green for EssilorLuxottica and GrandVision as Rekabet Kurumu, the Turkish regulator, gave its blessing to the transaction between both parties, through which the Franco-Italian company would purchase 76.72 percent of HAL’s interest in the Dutch-based retail group.
MIDO to transition to hybrid format following digital edition
The digital edition of the MIDO international trade show ended last June 7 after three days of online events, discussions and business interactions, but the organizers are leaving that door open as the digital platform remains accessible and most its functionalities active.
Fielmann soft-launches lens fitting app
In the year 2020, despite the Covid-19 crisis and related retail restrictions, online sales of prescription eyewear in Germany stagnated at around one percent of total market sales according to the latest statistics from the national opticians’ association (ZVA). Commenting on this somewhat surprising data in Fielmann’s annual report, Marc ...
CVI doubles myopia management sales
Although the segment still accounts for less than 3 percent of CooperVision revenues, much of the talk during the Q2 results’ presentation by the company yesterday revolved around myopia management and the company’s performance in this product category.
Menicon plans 60% growth by 2025
Celebrating its 70th anniversary this year, the contact lens specialist Menicon presented last month its midterm business plan and targets during the presentation of its annual financial results. The Japanese group, which said it fell short of realizing its 100 billion yen revenue target for 2020/21 because of the Covid-19 ...
Grupo Prats opens new plant in Costa Rica
Grupo Prats, the Spanish-based lens manufacturer, is accelerating the internationalization of its business with the inauguration of a new production unit in Costa Rica, which was inaugurated a few weeks ago. It is the first production facility outside Europe for the group.
Partial sales recovery in Q1 for Marcolin
Only a few days after the publication of its annual results, the Marcolin Group relased its quarterly figures for the first quarter of the current fiscal year ending March 31, which showed a strong rebound in revenues from 2020, but falling short of recovering to pre-Covid levels.
Fittingbox tripled VTOs last year
Fittingbox, the French-based supplier of eyewear virtual try-ons (VTO) and other digital services, has seen the use of its try-on service triple in 2020 to reach 54 million annual VTOs, a spectacular growth driven by new clients’ acquisitions and by the digitization of our sector and a general shift in ...
Luxottica opens new Japanese factory
Luxottica Japan announced last month the opening of a new state-of-the-art factory in Fukui, the country’s cluster of eyewear frames’ manufacturers. The investment follows the acquisition of a majority stake in Fukui Megane in 2018, one of the Italian group’s suppliers for titanium and solid gold frames that had a ...
Acquisitions and digitization fuel New Look Vision’s growth
New Look Vision Group, the Canadian-based retail group, reported a high double-digit increase in revenues for the third consecutive quarter, confirming a quick recovery from the impact of the Covid-19 pandemic. After respective growths of 17 percent and 25 percent in Q3 and Q4 in the past financial year, the ...
Del Vecchio takes control of Essilux
As largely anticipated by industry observers, EssilorLuxottica’s annual general assembly marked the end of the dual governance era and saw Leonardo Del Vecchio reinforce his control over the merged group. Implemented in 2018, the merger between two global champions in their respective segments of the eyewear market was ruled until ...
MIDO presents its digital edition
Beyond the presentation of Italian exports’ figures, the purpose of the joint online press conference by ANFAO and MIDO held on May 19 was to unveil more details about the MIDO Digital Edition, the digital event that will take place from next June 5 to 7, following the cancellation of ...
Italian exports down 26% in 2020
The Covid-19 pandemic put the Italian eyewear industry back seven years, as 2020 production and exports’ values dropped back to 2013 levels, according to data presented yesterday by Giovanni Vitaloni, president of ANFAO, the Italian industry association, and the MIDO trade show. Commenting on the current situation, Vitaloni said that ...
Consumer markets supported Zeiss H1 rebound
After a slight decline of 2 percent in revenues last year, ZEISS reported a significant recovery for the first half of its current fiscal year, with total H1 sales increasing 6 percent year-on-year to €3.4 billion, or by 9 percent in constant currencies. With roughly stable revenues in the Semiconductor ...
