All Corporate articles
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ArticleTopcon Healthcare launches EMEA innovation center
Topcon Healthcare has launched the Topcon Healthcare Innovation Center EMEA (THINC EMEA) in London’s Knowledge Quarter, modeled from its first THINC facility in La Jolla, California. The new London center will serve as a collaborative platform between eye‑care specialists, healthcare professionals, academics, industry partners, and patient associations across Europe, the ...
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ArticleDel Vecchio heir looks to increase stake in controlling shareholder
Leonardo Maria del Vecchio, Chief Strategy Officer at EssilorLuxottica and one of the heirs of Luxottica founder Leonardo del Vecchio, is looking to increase his stake in Delfin, the Del Vecchio holding company that controls the eyewear group with a 32.2 percent stake, according to media reports. Delfin has not ...
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ArticleMenicon turns 75 with brand new dailies factory in Malaysia
Menicon inaugurated yesterday its new daily contact lenses manufacturing facility in Kedah, Malaysia, in presence of officials from the Malaysian Investment Development Authority (MIDA). The building of the factory was first announced in 2022, and commercial production is now starting, only a few days before the 75th anniversary of the ...
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ArticleMitsui reports modest Life & Healthcare revenue hike, discusses vision care strategy
Mitsui Chemicals’ Life & Healthcare Solutions revenue inched up by 1.3 percent year over year to 174.1 billion Japanese yen (€941m) for the first nine months of fiscal 2024/25. Q3 sales were up by 2.6 percent. The division includes the group’s vision care materials business, among others (oral care, agrochemical ...
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ArticleKenyan retail startup aims for scale and impact in East Africa
Backed by Japanese and Indian investors and by a French optical retail veteran, Kenyan optical retail startup Mamy Eyewear plans to grow from five stores in Nairobi to over 100 locations in East Africa within five years, leveraging AI-powered eye exams and affordable pricing to address the region’s critical shortage of eye care services.
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News briefsTopcon partners with RemoniHealth on home monitoring
Topcon Healthcare has established a commercial partnership with RemoniHealth, creator of a remote-monitoring platform for in-home diagnostic and monitoring tests in eyecare. In its announcement Topcon speaks of a “pathway” to incorporate RemoniHealth’s services into its own cloud-based platform, Harmony. In the deal’s background, as the company says, is the ...
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News briefs
Chinese biggest public telecom player invests in AR smart eyewear brand
RayNeo, a Chinese-based AR smart eyewear brand developed by TCL Electronics, has announced that it has secured a new round of funding. Ray Neo did not disclose the amount of the funding, but said that Unicom Innovation, an investment vehicle for China Mobile, was among the investors. The company stressed ...
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News briefs
Lenskart invests in South Korea, Thailand
Fresh from its successful IPO, Indian-based retailer Lenskart is investing 186 million indian rupees (€1.8m) to acquire a 29 percent stake in iiNeer, a South Korean start-up developing eye-testing and lens-cutting equipment for optical stores. The move, which was executed by Lenskart Singapore, is expected to improve operating efficiencies and ...
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ArticleCooper announces strategic review, 5% uptick in annual CVI sales
CooperVision reported Q4 sales of $709.6 million, up 4.6% year-on-year, with growth driven by the Americas region and strong performance from its MyDay contact lens portfolio. CooperCompanies stock price shot up after the group announced that it was conducting a strategic business review, seemingly in response to activist investor pressures.
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ArticleEssilorLuxottica wearables chief steps down
Rocco Basilico, Chief Wearables Officer at EssilorLuxottica, will be leaving the group at the start of next year, Reuters revealed on Monday. The information was confirmed to the press agency by EssilorLuxottica: “After six years supporting our smart eyewear journey, Rocco Basilico has decided to pursue his personal interests outside ...
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Topcon share delists from TSE as group completes ownership change
Topcon Corporation shares delisted yesterday from the prime market of the Tokyo Stock Exchange following the approval of the group’s share consolidation proposals at the extraordinary general shareholders meeting on Nov. 11, 2025. As we reported in March, US-based private equity firm KKR has become the Japanese group’s main shareholder, ...
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EssilorLuxottica forms interdisciplinary scientific advisory committee
EssilorLuxottica has announced the creation of a Scientific Advisory Committee, composed of five scientists working in the fields of physics, mathematics, otolaryngology (study of the the ear, nose, and throat and related parts of the head and neck), ophthalmology and bioethics. They are Pr. Alain Aspect (Nobel Laureate and Wolf ...
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ArticleMICROOLED smart eyewear business taken over by former CEO and founder
MICROOLED’s former CEO has taken over the company’s smart eyewear brands ActiveLook and Engo to focus exclusively on AR sports glasses, while the French microdisplay manufacturer refocuses on B2B markets including defense and medical equipment and raises more funds.
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KITS EYECARE opens second store, secures C$15m lending facility
KITS EYECARE, the Canadian-based e-tailer, will be opening in Q1 2026 a 230-square-meter store in Toronto, its second brick-and-mortar location. The decision to open a new store, which also includes a café space, is grounded in the success of the Vancouver flagship shop, the company explained: opened in 2021, the ...
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ArticleZEISS leverages vision care synergies in smart eyewear, ophthalmology
ZEISS has announced the creation of a new strategic business unit called ZEISS Extended Reality which, combined with ZEISS Vision Care, will make up the group’s Consumer Markets segment. Established last month, ZEISS Extended Reality will unite in one division the different teams that have been working on extended reality ...
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News briefs
French Essilux workers start three-day strike
FO Metaux, a French trade union federation, has announced that 9,000 employees of EssilorLuxottica in France will go on a three-day strike from Nov. 27, 2025, asking for higher wages and pointing to the group’s record sales and to the top management team’s compensation package. It is the first time ...
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EssilorLuxottica reportedly offering to take a 5-10% stake in Armani
EssilorLuxottica has offered to buy a 5 to 10 percent stake in Armani, Il Sole 24 Ore reported on Nov. 22, quoting unnamed sources. The eyewear group would, however, not be interested in taking an active role in the management of Armani, according to the Italian financial newspaper. As previously ...
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News briefs
Lenskart shares trade slightly up in stock exchange debut
Following the group’s largely oversubscribed Initial Public Offering (IPO), Lenskart’s shares started trading yesterday morning on two Indian stock exchanges at a unit price of 395 rupees (€3.9), down 1.7 percent from the IPO price. Their value picked up thereafter and seems to have settled at around 410 rupees (€4.0) ...
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ArticleLenskart’s 240x earnings valuation raises some eyebrows
Indian eyewear retailer Lenskart’s IPO was oversubscribed 1.70 times after the second trading day, with institutional investors including Singapore’s government and Norway’s pension fund participating in a €710 million offering that values the company at €6.8 billion.
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ArticleAllsides set to open NY flagship as it expands capacity, fine-tunes scanner technology
Allsides, an Italian 3D scanner startup that is also active in the eyewear sector, is planning to open new scanning centers in the US, Europe and Asia in coming months and is working to fine-tune its technology, which is rooted in the application of artificial intelligence to images. The expansion ...
