All Article articles – Page 46
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ArticleCVI 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. Answering questions from financial analysts, Al White, president and CEO of CooperCompanies, ...
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ArticleMenicon 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 ...
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ArticleGrupo 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. The company said that it ...
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ArticlePartial 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. ...
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ArticleFittingbox 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 ...
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ArticleLuxottica 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 ...
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ArticleAcquisitions 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 ...
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ArticleDel 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 ...
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ArticleMIDO 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 ...
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ArticleItalian 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, ...
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ArticleConsumer 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 ...
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ArticleTooz launches its smart glasses for developers in Germany
Aiming to mass market smart glasses compatible with prescription lenses at the beginning of next year, tooz technologies, the joint venture founded in 2018 by ZEISS and Deutsche Telekom, is first targeting the community of IT developers in order to collect feedback and finetune the final phase ...
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Essilor sees growth opportunities in Russia
The Covid-19 pandemic has hit the Russian eyewear market hard, but the long-term outlook remains mostly bright, said Vadim Korol, chairman of Essilor Russia, in the Russian magazine Invest Forsait at the end of April. Last year has been marked with a slump in sales caused by a number of ...
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ArticleMister Spex up double digits, opens first stores abroad
Mister Spex, the German-based omnichannel retailer, announced last week that its 2020 revenues grew by 18 percent last year as compared to 2019, reaching €164 million. The company registered a double-digit hike in sales both in Germany and in its international markets. Dirk Graber, founder and co-CEO, ...
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ArticleEssilux ramps up Stellest
Only a few days after announcing significant developments for its myopia management lens in China and the U.S. during its conference call with financial investors, EssilorLuxottica disclosed updated results on its Stellest research during the online congress of the Société Française d’Ophtalmologie a few days ago and confirmed a launch ...
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ArticleINDO invests to become a Mediterranean leader
INDO, the Spanish-based lens manufacturer, increased its market share in Spain by 1.5 percentage points last year, consolidating its position as the third largest lens brand in the country. According to figures provided by the company, its revenues in the lenses’ category went down by 4 percent ...
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ArticleU.S., Smith and e-commerce drove Safilo’s growth in Q1
Safilo reported a 13.7 percent year-on-year increase in Q1 revenues to €251.4 million, or 20.0 percent in constant currencies, largely driven by its American business, the newly acquired e-commerce businesses and the good performance of Smith Optics. Significant improvements were also reported in the Italian group’s core ...
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ArticleFielmann enters Czech market, eyes France
During Fielmann’s annual press conference, Marc Fielmann, CEO of the company, announced that the German-based retail group was about to enter the Czech Republic, a new step forward in its internationalization strategy. The first shop will be opened in Prague next month and the group is planning ...
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ArticleCarl Zeiss Meditec sees Covid-19 impact fading
Providing more details on its H1 2020/21 performance after an initial announcement at the end of April, Carl Zeiss Meditec confirmed a 7.3 percent year-on-year hike in total revenues to €767.4 million. On a constant currency basis, sales increased by 10.5 percent. The growth in revenues was driven by the ...
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ArticleEssilorLuxottica revenues top 2019 level
EssilorLuxottica confirms its growth trajectory started in the second half of 2020, with sales for the first quarter surging by 7.3 percent from the year-ago quarter to €4,060 million, or by 14.3 percent in constant currencies. This is even 1.9 percent above the level of the first ...
