All Article articles – Page 40
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ArticleNational Vision issues cautious 2022 forecast after record 2021
National Vision, the U.S. optical retail group operating the America’s Best and Eyeglass World chains, has reported a 3.8 percent year-on-year decline in revenues to $477.9 million for the last quarter of its 2021 fiscal year. However, as compared to the same quarter of the 2019 reference year, group sales ...
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ArticleFrench market up 1.4% vs 2019 despite headwinds
In an online conference for the members of the French-based industry association Club Inter-Optiques last week, GFK released some key indicators on the performance of the French optical market in 2021, also providing some comparison points with the German, Spanish and Italian markets. The research company’s data is based on ...
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ArticleSynsam posts all-time high annual sales and profits
Swedish-based retailer Synsam Group reported a 14.0 percent year-on-year increase for the last quarter of its financial year, with total revenues totaling SEK 1,245 million (€117.0m). Like-for-like growth for the period was 10.2 percent. Although the quarter saw a deceleration from the previous quarter’s 21.0 percent sales’ increase, the company ...
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ArticleFielmann sees 2021 sales jump 19%
The Fielmann Group reported external sales of €1.94 billion in 2021, reflecting a 19 percent increase over the previous year and 10 percent growth above the pre-pandemic level seen in 2019. Consolidated sales rose by 17 percent compared to the previous year to reach €1.68 billion. Preliminary figures from the ...
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ArticleKering Eyewear comparable sales up 45% in 2021
Reporting its annual results last week, French luxury group Kering announced that external sales of its Kering Eyewear subsidiary reached a total of €726 million in 2021. After elimination of royalties and intragroup sales, Kering Eyewear posted consolidated revenues of €599 million, including the consolidation of the acquired Lindberg business ...
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Article
Paris Miki downgrades FY forecast
Japanese-based retail group Paris Miki continued to struggle in the third quarter of its FY03/22 financial year, with group revenues declining by 3.0 percent year-on-year to 11,792 million Japanese yen (€90.1m-$102.4m), however slightly improving from the 11.2 percent drop reported for the previous quarter. By region, the group reported a ...
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ArticleEastman’s new French plastics recycling project will apply to eyewear, too
French President Emmanuel Macron and Mark Costa, Eastman Chemical Company’s board chairman and CEO, jointly announced last month that the U.S.-based specialty materials company plans to invest up to $1 billion in a material-to-material molecular recycling facility in France that would become operational by 2025. The facility would use Eastman’s ...
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ArticleBlue light glasses vs. blue light filters?
Eyesafe, the American-based supplier of blue light protection solutions, has published a communication article on its website comparing the benefits of blue light glasses with those of its own blue light filters. Contrary to eyeglass lenses that block blue light near the eye, Eyesafe’s products aim at blocking it directly ...
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ArticleNetlens.com to be acquired by a multi-segment e-commerce platform
According to the Swedish trade publication Dagens industri, the assets of Netlens.com, an e-retailer of contact lenses and other products sold in pharmacies, are being acquired by Footway Group, the international operator of eight web stores in 24 markets. They are Caliroots, Solestory, Heppo, Brandosa, Belapadel, Runforest, Sportamore (acquired in ...
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ArticleAlain Afflelou family holding doubles its stake in the group
The Afflelou group announced at the end of last month that Alain Afflelou’s family holding acquired in December 2021 the company stake that was indirectly held by Apax France. Earlier in January, Altamir, a partner company of Apax, had announced that it had sold its shares in the group for ...
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ArticleHoya posts record revenue and profit for Q3
Hoya has reported record-high revenue and operating profit for the third quarter of its financial year, with both the IT and Life Care divisions contributing double-digit sales growth as compared to Q3 2020. In the Life Care business, which includes medical equipment, eyeglass lenses and contact lenses, quarterly revenues were ...
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ArticleInspecs sees FY results in line as acquisitions boost revenue
UK-based Inspecs Group said it expects annual results to be in line with forecasts, as sales rose despite Covid-19 restrictions. The company anticipates revenue of $241 million compared with $47.4 million a year earlier, with its Eschenbach acquisition delivering a positive performance. It added that current trading in its European ...
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Article1-800 Contacts puts new vision tech company into orbit
1-800 Contacts, the U.S. direct-to-consumer contact lens company, has announced the creation of a new company focused on providing technologies and services to third parties in the vision sector. The new entity, called Luna Solutions, operates as a separate company held under a common holding company with 1-800 Contacts. The ...
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ArticleSafilo boosts profitability as sales top pre-pandemic level
Safilo reported a strong improvement in profitability in 2021, with sales exceeding their pre-pandemic level despite faltering in the fourth quarter and as an overhaul of its brand portfolio bore fruit. The Italian eyewear manufacturer’s Ebitda margin jumped to 8.7 percent of sales from breakeven the year earlier and a ...
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ArticleMicrooled is planning an IPO
Microoled, producer of micro-displays, is planning an IPO on the Euronext Growth Paris market. The company announced on Jan. 11 that its registration document had been approved by the AMF, France’s financial markets authority. As we have reported – in a story on one of its clients, the French producer ...
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ArticleEssilux launches new sales program in France
After the launch of a similar initiative in the U.S. and Canada, respectively in 2020 and 2021, EssilorLuxottica is rolling out its EssilorLuxottica 360 program in Europe, starting with France. The objective is to “enrich” Essilor’s Experts program and various existing Luxottica programs and thereby to expedite the expansion of ...
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ArticleJINS tests violet light for myopia management project
JINS, the Tokyo-based optical retail group, is about to launch the second stage of its clinical research on the suppression of myopia progression, in partnership with Tsubota Laboratory, a startup from Keio University, one of the top universities in the country. The project takes its roots in 2011 when JINS ...
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ArticleVision Expo East gears up for first show since 2019
So far about 240 exhibitors have committed to Vision Expo East, whose next edition – the first since 2019 – is scheduled to run from March 31 to April 3 at the Jacob Javits Center in New York City. (The educational program and OptiCon@Vision Expo will be opening on ...
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ArticleSpecsavers announces $100 million investment in Canada
Shortly after the release of its annual results for the 2020/21 fiscal year, Specsavers disclosed further details on its strategy for its development in Canada, a market the group entered last year in May through the acquisition of Image Optometry, an independent chain with a total of 18 directly operated ...
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ArticleNew CEO for HOYA
HOYA Corporation has selected Eichiro Ikeda, currently the group’s chief technology officer (CTO), to be its new chief executive officer as of March 1, in replacement of current CEO Hiroshi Suzuki. Suzuki, who spent more than 20 years at the helm of the Japanese group and delayed his retirement to ...
