All Article articles – Page 45
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ArticleKering Eyewear acquires Lindberg
Kering Eyewear, an entity of the French luxury group Kering, announced on July 8 the acquisition from the Lindberg family of 100 percent of the share capital of LINDBERG, the Danish-based independent eyewear company. The details of the transaction, which is expected to complete later this year after regulatory clearance, ...
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ArticleFielmann business recovery accelerated in H1
The Fielmann retail group released preliminary figures for the first half of the current financial year during its annual general meeting on July 8. The company said that its business’ recovery accelerated in Q2 thanks to declining Covid-19 incidences on the optical market and to its ongoing internationalization and digitization ...
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ArticleGLCO to boost DTC under new ownership
Garret Leight Califiornia Optical (GLCO), the Los Angeles-based eyewear brand, has announced a strategic investment by The Untitled Group, an investment company specializing in consumer brands based in New York. According to the terms of the agreement, Untitled is investing $20 million in exchange for a majority share in the ...
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ArticleQ2 Stock price update: Essilux hits record high
We are giving here our quarterly update on the evolution of the stock price of 19 public companies operating in our core market, which grew by 9.4 percent on average between March 31 and June 30. 2021 - Q2 stock price chart The quarter was marked by the ...
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ArticleAfflelou rebounds 3 % higher than in 2019
The Afflelou group reported revenues of €189.3 million for its third quarter and of € 618.1 million for the first nine months of its current financial year, representing year-on-year increases of 74.4 percent and 24.5 percent, respectively. The group highlighted that its total sales for the first nine months were ...
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ArticleEssilux-GV: transaction closed
As expected since EssilorLuxottica’s previous announcement two days ago, the group completed on July 1 the acquisition of HAL’s 76.72 percent stake in GrandVision at the price of €28.42 per share agreed in July 2019. The transaction will amount to a payment of approximatively €5.5 billion and the Italo-French group ...
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ArticleSafilo to launch €135m capital increase
The board of directors of Safilo has decided to propose a share capital increase of up to €135 million, the company announced on June 30. The group said that the main objectives of the capital increase were the reimbursement of a shareholder loan to Multibrands, a subsidiary of HAL Holding, ...
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ArticleFashion-focused Mondottica upbeat about post-Covid rebound
Mondottica International, the eyewear company specializing in licensed eyewear, is preparing for the launch of its first Vivienne Westwood eyewear collections in the second half of the year. The new license is the first addition to the Hong Kong-based company’s portfolio since the departure of Michael Jardine, founder and former ...
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ArticleEssilux to close GV acquisition
EssilorLuxottica announced yesterday that its board of directors has approved the completion of the acquisition of HAL’s 76.72 percent stake in GrandVision at the price of €28.42 per share that was initially agreed on July 2019. The announcement was followed by a very short statement by GrandVision, in which the ...
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ArticleShift towards omnichannel in U.S. online eyewear purchase
The Vision Council has released the latest edition of its Internet Influence Report, a research conducted in December 2020 among 4,909 U.S. adult consumers and aimed at measuring the role of internet in their recent eyewear purchases. This edition follows previous reports published in 2017 and 2020 that provide a ...
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ArticleMister Spex, Warby Parker: omnichannel retail going public
In a press release dated June 22, Mister Spex’ announced that its floatation at the Frankfurt stock exchange was scheduled for next week, July 2. The company set a price of between €23 and €27 for its initial public offering (IPO), corresponding to a valuation of up to €895 million. ...
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ArticleEssilux free to terminate GV deal following arbitral decision
Just half an hour apart, EssilorLuxottica and GrandVision both announced yesterday evening that the arbitration proceedings between them ended with a decision favorable to the Italo-French group. The arbitral tribunal declared by majority that GrandVision had breached its obligations under the Support Agreement for the sale of ...
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ArticleDeep Optics kickstarts liquid crystal lenses’ hybrid sunglasses
It took less than twelve hours for the Israeli startup Deep Optics to complete its $25,000 objective in its Kickstarter campaign for the launch of its new 32°N product, a pair of sunglasses with adaptative lenses that can easily be switched to a reading glasses’ function. Launched on the crowdfunding ...
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ArticleSpanish market to rebound halfway in 2021 after Covid drop
FEDAO, the Spanish optical federation that regroups both industry and retail associations, has just released its annual Libro Blanco – white paper –, detailing the results of the national optical market’s performance last year. The data presented by the federation is based on a mix of figures ...
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ArticleLuxottica takes 35% stake in Mazzucchelli
On June 11, the Italian entity of the EssilorLuxottica group announced the acquisition of a 35 percent share in Mazzucchelli 1849, the industry leader in the supply of high-end acetate sheets for the fabrication of eyewear frames. The balance of 65 percent of shares remains in the ...
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ArticleKey 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, ...
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ArticleEssilux-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. The Turkish regulator’s clearance was granted after EssilorLuxottica ...
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ArticleMIDO 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. Looking forward to the next ...
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ArticleFielmann 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 ...
