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ZVA sees German market down 7.4 percent last year
EU green light for Essilux-GrandVision merger
Mido 2021 goes digital
EssilorLuxottica returns to growth
Safilo confirms H2 recovery, keeps streamlining
The European soft contact lenses’ market decreased by 9% last year
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Latest Data & Analysis
ZVA sees German market down 7.4 percent last year
Like for most other business sectors, 2020 turned to be a difficult year for the ophthalmic optics market, as shown by the latest figures published by the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists. Overall, the German eyewear sector faced a 7.4 percent drop ...
Eyewear industry stock prices up 10% in Q1
Following the publication for the first time of our industry stock market capitalization at the start of the year, we are providing here a quarterly update for the evolution of the stock price of 19 stock listed companies operating in our core market, showing its evolution between Jan. 1 and ...
Eyewear industry stocks grew by 6% in 2020
We are publishing here for the first time our ranking of the main stock-listed eyewear industry companies, based on their stock market capitalization in euros at the end of 2020. The corresponding table also shows the change in market value from the previous year, both in local currency and euros.
How Covid-19 has impacted companies’ trade show budgets
It has become commonplace to say that the Covid-19 pandemic has dramatically accelerated trends that were already underway with the digitalization of the economy and society in general.
Fashion industry sales may return to pre-Covid levels late 2022
The global fashion industry is expected to suffer a 15-30 percent decline in sales this year and is not expected to return to 2019 levels until at least the third quarter of 2022, according “The State of Fashion 2021”, a new report by Business of Fashion and McKinsey & Co.
Executive Survey: Optical industry braces up for a difficult spring/summer 2021 season
The optical industry is expecting a significant decline in demand for spring/summer 2021 collections as the world economy still reels from the blow of the Covid-19 pandemic. Nevertheless, many are maintaining comprehensive collections and relying on digital tools to defend or develop their businesses, according to an executive survey carried ...
Amazon and other marketplaces may be in for a reckoning over illegal sales
Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over
ECOO, ZVA criticize EU decision in Essilux-GV case
The European Council of Optometry and Optics (ECOO), the Brussels-based umbrella association, and the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, both released official statements at the end of last month criticizing the terms of the European Commission’s clearance of the takeover of GrandVision ...
Fedon sales down 34% last year
In a difficult year marked by the Covid-19 pandemic, Fedon, the Italian specialist in eyewear cases and leather goods, reported a sharp decrease in revenues but managed to keep positive EBITDA figures. Total sales of the Italian group fell by 34 percent year-on-year to 42.3 million euros in 2020, a ...
Essilor France benchmarks the performance of its partner opticians vs. others
According to a report commissioned by Essilor France to the research company Galileo Business Consulting every year since 2011, opticians partnering with the lens maker in France have been performing better on average than the other optical shops in terms of revenues and gross margin progression since 2007. The last ...
ZVA sees German market down 7.4 percent last year
Like for most other business sectors, 2020 turned to be a difficult year for the ophthalmic optics market, as shown by the latest figures published by the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists. Overall, the German eyewear sector faced a 7.4 percent drop ...
French retail heavyweights slightly raised market share in 2020
In the last couple of weeks, the Krys Group, Optic 2000 and Afflelou, three of the main retail players in France totaling more than 3,000 stores and an aggregated market share estimated at between 35 and 40 percent, reported drops in revenues varying from 8.5 percent to 10 percent for ...
J&J Vision partners with Menicon in ortho-k lenses
Johnson & Johnson Vision Care and Menicon, the Japanese contact lens specialist, announced on April 7 the signature of a global partnership in the field of orthokeratology contact lenses designed to slow the progression of myopia among children. According to the joint statement, Menicon will keep developing and manufacturing the ...
The Vision Council Q4 reports signs of recovery in the U.S. market
The U.S. vision care market declined by 17.4 percent year-on-year to $36.05 billion at retail between December 2019 and December 2020, according to The Vision Council that just published its quarterly VisionWatch report for last year’s Q4. The market started to recover at the end of the year with retail ...
Italia Independent core eyewear sales up 18% in 2020
The Italia Independent Group delivered positive results for 2020, in line with the group´s turnaround plan that calls a return to net profit by 2023. In reported terms, total sales increased by 46.1 percent year-on-year to €11.3 million and the group’s EBITDA almost reached the break-even point.
Vision Group interested in Essilux and GV Italian stores
Vision Group, one of the leading Italian retail players, said that it was interested in studying the takeover of the 174 Italian stores to be divested if EssilorLuxottica and GrandVision eventually agree on the planned takeover. The divestment, which is a prerequisite for the European Commission to authorize the transaction, ...
Eyewear industry stock prices up 10% in Q1
Following the publication for the first time of our industry stock market capitalization at the start of the year, we are providing here a quarterly update for the evolution of the stock price of 19 stock listed companies operating in our core market, showing its evolution between Jan. 1 and ...
New Look Vision Group sales up 25% in Q4
After having posted a 17 percent increase in revenues in Q3, the Canadian optical retailer New Look Vision Group accelerated its recovery in the last quarter of the 2020 financial year, reporting overall revenues of 92.4 million Canadian dollars, a 25 percent hike from the previous year.
SABIC and POLYRAY partner on renewable PC lens
SABIC, a global supplier of chemicals based in Saudi Arabia, and Xiamen Hongtai Optical, the Chinese lens manufacturer better known under its POLYRAY brand name, announced last week their collaboration for the launch of a new sustainable material.
Acuitis’ door count passes the 100 mark
Acuitis, the French banner of optical and hearing aids’ shops, kept opening new franchised stores at a steady pace last year in spite of the impact of the Covid-19 pandemic. Adding 14 new retail locations, the Acuitis door count reached a total of 103 stores in eight countries at the ...
Luxexcel and WaveOptics partner for smart eyewear to look like normal eyewear
Luxexcel, the Dutch pioneer in 3D-printing solutions for prescription lenses, unveiled last week some details about its partnership with WaveOptics, a designer of waveguides and light engines, during the online SPIE. AR, VR, MR conference. Earlier last month, both companies had already announced their collaboration in the area of Augmented ...
New owner for Rodenstock
Apax Partners, a private equity firm based in the U.K., has agreed to acquire Rodenstock from Compass Partners, another investment fund and the majority shareholder of the German brand of high-end lenses and frames since February 2016. Financial details of the transaction have not been disclosed. It is subject to ...
ECOO, ZVA criticize EU decision in Essilux-GV case
Fedon sales down 34% last year
Essilor France benchmarks the performance of its partner opticians vs. others
ZVA sees German market down 7.4 percent last year
French retail heavyweights slightly raised market share in 2020
J&J Vision partners with Menicon in ortho-k lenses
The Vision Council Q4 reports signs of recovery in the U.S. market
CECOP launches an optical MBA
Transitions Academy 2021 cancelled
Chile conditionally approves Essilux-GV transaction
Essilor to present new clinical results in myopia progression slow-down
U.S. ANSI lens standards updated
Hoya rolls out MiYoSmart across Europe
Walsh to lead Ocuco global sales and marketing
Bausch Health pursues debt reduction
Ocuco’s Innovations awarded best lab optical software
DTC brand PAIR Eyewear raises $12 million
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