All Article articles – Page 41
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ArticleBausch Health files for IPO of its eyecare business
In its quest to split into three publicly traded companies, Bausch Health has filed to make an initial public offering of common shares in the U.S. and most of Canada for its wholly owned subsidiary Bausch + Lomb Corporation. Specifically, it has filed a Registration Statement with the U.S. Securities ...
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ArticleSpecsavers profits doubled in Covid year
After having skipped the publication of its presentation last year at the time of the Covid outbreak, Specsavers has returned to disclosing the annual review of its business, however in a much less detailed format than before. For the financial year ended Feb. 28, 2021, the British-based retail group announced ...
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ArticleU.S. market confirms its rebound in Q3
According to The Vision Council’s most recent VisionWatch report, covering the third quarter of U.S. market, the 12 months preceding September 2021 suggest a solid recovery in eyewear revenues. Sales for the period reached $46.45 billion, up by 24 percent from the comparable period of 2020 and by 6.3 percent ...
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ArticleMojo Vision partners with sports apps
Mojo Vision, a provider of smart contact lenses, has established partnerships with five connected-fitness platforms: Adidas Running, the German sportswear company’s digital-tracking division; Trailforks, a trail-mapping service for cyclists and hikers; Wearable X, provider of smart haptic fitness apparel; Slopes, an iOS, Android and Apple Watch app for skiers and ...
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ArticleTop 5 eyewear companies’ stock prices up 4.6 % in Q4
We are updating here our quarterly chart on the evolution of stock prices for the public companies in the eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. We are also publishing a ranking of these 22 companies based on their stock market value. ...
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ArticleMPG doubles down in retail, taking over 177 Essilux shops
Just a few days after the announcement of an agreement with the Vision Group for the takeover of 174 of their Italian stores, EssilorLuxottica and GrandVision have announced that they have found an acquirer for 177 of their retail locations in the Benelux. Both divestments had been agreed with the ...
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ArticleOcuco invests in myopia treatment IT company
Ocuco – the software producer for optometrists, ophthalmologists, optical offices and optical labs – has purchased a minority share in Ocumetra, an IT firm that produces nine clinical tools for the treatment of myopia. Chief among these is a numerical and graphical suite called Refractogram, with interactive ocular growth charts, ...
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ArticleCarbon-neutral Icare Group gets EcoVadis silver
Icare Group, the OEM eyewear supplier, announced a few weeks ago that it had received a silver rating from EcoVadis, one of the global leading platforms in environmental and ethical certifications for global supply chains. The company said that, with this new CSR achievement, it ranked in the top 25 ...
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ArticlePro Optik discusses future plans in online video
Inaugurating a new communication format with a round table talk available on Vimeo, four Pro Optik managers gave some insights on the present and future plans of the German optician group, nicknamed Pro Optik 2.0 after the changes the company went through. According to the four managers, Anja Fujan (HR), ...
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ArticleEssilorLuxottica divests shops in Italy, invests in Sweden
EssilorLuxottica and its retail subsidiary GrandVision announced on Dec. 17 that they have found an agreement for Vision Group to acquire their VistaSi chain in Italy, including the brand and 99 stores, as well as 75 GrandVision stores in the country. The financial terms of the transaction were not disclosed. ...
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ArticleZEISS reports record revenues in anniversary year
ZEISS has reported record revenues of €7,529 billion for the fiscal year ending Sept. 30, 2021, with double-digit growths in all segments. The group topline grew by 19.6 percent as compared with the previous year, and by 17.1 percent versus the pre-Covid 2018/19 fiscal year. Over 90 percent of sales ...
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ArticleAfter Balmain, Akoni adds Valentino to portfolio
Valentino, the Italian fashion house, and Luxottica have announced the termination of their global eyewear licensing agreement in June 2022, after a five-year collaboration that has been described as successful by both partners. The Rome-based brand announced on the same day that it had signed a new licensing partnership with ...
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ArticleLVMH takes full control of Thélios
LVMH and Marcolin have announced in a short common statement last Friday the end of their joint venture partnership in Thélios, with the French luxury group purchasing the 49 percent share of Marcolin in the company. No financial details were disclosed. LVMH, which becomes the sole owner of Thélios, said ...
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ArticleSpektrum to diversify after new financing round
Spektrum, the Swedish-based brand of ski goggles and sunglasses, has raised 18 million Swedish crowns (€1.7m-$2.0m) from new partners in order to finance its future international development and the diversification of its product portfolio in the safety equipment sector. Spektrum was founded in 2012 by a group of skiers and ...
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ArticleUkraine eyewear retailer rolls out major growth plans
Ukraine’s eyewear retailer Optika 1st announced plans to boost its network from 168 to 500 stores in Ukraine and launch its first outlets in Europe in the next few months, taking advantage of a rather successful development scheme. Optika 1st’s managers said the company was operating a successful franchise model ...
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ArticleEMEA rebound drove CooperVision in Q4
CooperVision has reported a 12 percent year-on-year increase in Q4 revenues to $564.8 million, an 11 percent hike at constant exchange rates. As compared to 2019, sales grew by 10.8 percent. Commenting on the quarterly results, Al White, CEO of CooperCompanies, noted that the revenue growth had been driven by ...
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ArticleSynsam growth driven by subscription plans
Publishing its first quarterly results since its listing at the Nasdaq Stockholm stock exchange at the end of October, the Swedish-based retailer Synsam has announced significant sales increases across the board and profitability improvements. Double-digit hikes in both organic and like-for-like sales, the expansion of the group’s stores network footprint ...
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ArticleAfflelou full year sales top 2019 level by 3%
The Afflelou group has reported a double-digit year-on-year increase in network sales for its fourth quarter and for the full year, as the business rebound across all regions was further boosted by a strong development in the hearing aid segment. Both quarterly and yearly sales’ figures stood above levels reported ...
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ArticleKering Eyewear banks on blockchain for supply chain sustainability
Kering Eyewear is launching a blockchain-based sustainable initiative in order to measure the overall impact of its finished products through a collaborative platform involving the suppliers at all levels of its entire value chain. Called V.I.R.T.U.S., an acronym standing for Verified, Integrated, Reliable, Trustworthy and Secure, is being described by ...
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ArticleSunglasses and contact lenses drove Mister Spex’ growth in Q3
Mister Spex, the German-based omnichannel retailer, has reported a double-digit increase in Q3 sales as compared to the same period last year, however falling below its own growth expectations as the prescription glasses’ business, which accounts for about 80 percent of the group’s revenues, underperformed. Total quarterly revenues stood at ...
