All Corporate articles
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ArticleEyewa secures $100m cash injection, plans to open 100 new stores in the Middle East next year
Competition in the Middle Eastern optical retail market is going to intensify further as eyewa, the fast-growing direct-to-consumer brand, just announced that it has raised $100 million in a new financing round to accelerate its store network expansion. The round was led by General Atlantic, a global investor with approximately ...
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News briefs
Fast-growing MEI beefs up infrastructure
MEI, the Italian-based manufacturer of equipment for lens laboratories and optical shops, has announced significant infrastructure investments to accomodate the fast expansion if its business. The company will double the surface of its headquarters from 10,000 to 20,000 square meters by the end of 2025, expanding the office and showroom ...
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ArticleTopcon reports slight eye care sales hike, invests in Ocumetra
The Japanese-based group sales inched up by 0.8 percent at constant rates, driven by major optical chains in North America and Europe. It is also investing in the myopia management segment through a strategic partnership with Ocumetra.
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ArticleZeiss Vision Care to cut production, staff at German plant
Rising costs appear to be hurting German competitiveness.
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ArticleJapanese optical retail chain goes public
Zoff, a Japanese retail chain with approximately 300 stores, went public earler this month. The company anticipates a 9 percent year-on-year revenue growth in 2024.
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News briefs
Optiswiss and IOT formalize and strengthen their partnership
Optiswiss and Indizen Optical Technologies (IOT) have announced that they signed last summer a strategic development partnership “to drive innovation in lens technology”, thus formalizing their collaboration. Both companies stressed that the new partnership would allow them to fully leverage synergies and optimally pool their shared resources. These most notably ...
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Article“The last thing we want to be is a product for geeks,” Morrow Eyewear CEO
Morrow Eyewear just launched the third generation of its liquid crystal multifocal glasses. CEO Frederiek Ysebaert explains the recent upgrades and discusses the startup’s mid-term roadmap in terms of product development and distribution.
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ArticleNikon stock value jumps on Essilux 5% stake news
Nikon Corporation stock price increased significantly after official filings revealed that EssilorLuxottica, its long-time partner in ophthalmic lenses, had increased its stake in the company to 5.1 percent.
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ArticleZEISS invests in light field display technology startup with vision care platform in mind
CREAL, a display technology startup based in Switzerland, has announced that ZEISS will license its light field display technology and integrate it into its vision care devices. By replicating real-world light to provide digital imagery with genuine depth, CREAL’s light field 3D display technology enables the digital replication of any ...
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News briefs
All Mister Spex resolutions approved at extraordinary general meeting
Mister Spex has announced that all the resolutions proposed by its supervisory board were adopted by its shareholders during an extraordinary general meeting held online last week.These included the confirmation of the general resolutions passed during the group’s annual general meeting in June, whose confirmation had become legally necessary following ...
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News briefsEssilorLuxottica to establish new global HQ in Paris
EssilorLuxottica will move its global headquarters to the Austerlitz district in Paris by late 2027, bringing up to 2,000 people under the same roof.
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ArticleEssilux and Meta announce long-term partnership
EssilorLuxottica and Meta have announced that they will collaborate on the development of multi-generational smart eyewear products into the next decade, building on their Meta Ray-Ban success.
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ArticleHong Kong-based Icare to open eyewear factory in France
Icare, the eyewear manufacturer based in Hong Kong, is investing over €5 million in the building of a new eyewear factory in France, which will complement its industrial structure that currently includes production sites in China and Cambodia. The new facility will be established in Vendôme, a small city in ...
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ArticleRodenstock to repurpose main German site as engineering center and transfer lens production to Czech plant
German-based lens maker has announced the transfer of its lens production from its German site in Regen to its plant in the Czech Republic in the coming months. Regen will be repurposed as engineering and R&D center and its workforce will be halved in the process.
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ArticleInnovation, digitization, sustainability and selective retail on 60 year-old Silhouette’s agenda
Silhouette celebrates its 60th company anniversary with product innovations while focusing on qualitative retail distribution, digitization, sustainability and independence.
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News briefs
Quanta Computer to invest $20 m in Vuzix
Quanta Computer, the Taiwanese-based IT company, is set to invest about $20 million in three tranches in Vuzix, the embattled smart eyewear manufacturer. In a first $10 million investment tranche, Quanta will acquire approximately 7.7 million Vuzix shares at $1.3 per share, or about 45 percent higher than their current ...
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News briefs
EssilorLuxottica issues €2 billion bond
EssilorLuxottica has announced the successful issuance of a bond for a total amount of €2 billion, coming with 4.5 and 7.5 year tranches and an average rate, after hedging, of 2.99 percent. The order book peaked at close to €5 billion, attracting quality institutional investors, demonstrating high confidence in EssilorLuxottica’s ...
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ArticleAerial Vision buys 5.3% of iVision Tech, becomes a strategic partner
Aerial Vision International (AVI) has acquired a 5.31 percent stake in iVision Tech while the investment group Algebris Investments Limited raised its holding in the Italian eyewear supplier to 8.48 percent from a previous 3.34 percent through an accelerated bookbuilding transaction. In addition to being a new shareholder, AVI is ...
