All Corporate articles
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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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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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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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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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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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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 ...
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ArticleAspiring smart-glasses producer raises $250m
The start-up known as Sesame, or Sesame AI, has raised $250 million in Series B funding, according to TechCrunch. The round was led by Spark Capital and Sequoia Capital, with undisclosed other investors taking part. Sesame was founded in 2023 but came to public attention this past February, when it ...
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Lenskart IPO kicks off on Oct. 31
Indian-based optical retail group Lenskart’s Initial Public Offering (IPO) is scheduled to take place from Oct. 31 to Nov.4 with institutional investors getting a head start on Oct. 30. The group has set a price range of between 382 and 402 rupees (€3.7-€3.9) per share corresponding to a maximum fundraising ...
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ArticleTopcon launches global oculomics platform, bolsters Harmony in Europe
Hardly a week goes by without Topcon Healthcare, a US subsidiary of Japan-based Topcon Corporation, announcing a new acquisition or initiative in the domain of oculomics, i.e. “the blending of big data, artificial intelligence (AI), and ocular imaging to identify retinal biomarkers of systemic disease” by the definition of ...
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ArticleModo gets $100m cash injection
House of Modo, the US-Italo group behind the Modo and Eco eyewear brands, has raised $100 million in a minority investment round led by Valiant Asset Management, an alternative credit investment firm focusing on the Western European corporate middle market and established in London in 2023. House of ...
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Alcon secures incentives to move two manufacturing lines from Europe to Fort Worth HQ
Alcon has secured up to $6 million in grants to relocate two contracted European manufacturing lines to the eyecare company’s headquarters in Fort Worth, Texas. The incentive package was recently approved by the Fort Worth City Council as part of an economic development program agreement with Alcon that is in ...
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Lenskart’s IPO gets approval from India’s financial watch dog
The Securities and Exchange Board of India (SEBI), the country’s financial watch dog has approved Lenskart’s initial public offering (IPO), The Economic Times and other Indian business news outlets have reported. The retail group is now reportedly targeting to go public around mid-November. The company is aiming to raise 2,150 ...
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ArticleEssilux becomes Nikon’s largest shareholder, gets up-to-20% greenlight
Nikon Corporation officially announced today that EssilorLuxottica has become its largest shareholder with a 10.75 percent stake as of Oct. 1, 2025, up from 9.68 percent on Sept. 10. The eyewear industry behemoth has been progressively building up its stake in the Japanese group in recent months, rising from the ...
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ArticleFielmann details 2030 strategic plan at Capital Markets Day
Following the announcement of the main lines of its 2030 strategic plans in July, Fielmann Group released more details on how it plans to reach the new targets at a Capital Markets Day (CMD) held last week. As we have already reported, the German-based retail group is planning to increase ...
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Gentle Monster owner valuation reportedly hits €2bn
According to reports in Pulse and other South Korean business news outlets, IICOMBINED, the Korean group operating the Gentle Monster eyewear brand, has seen its valuation reach 3.3 trillion Korean won (€2bn). The calculation is based on the amount of recent transaction between Chinese private equity firms for a 1.9 ...
