All Corporate articles – Page 2
-
News briefs
Dalloz Créations to close after 70 years
Dalloz Créations, the French Jura-based manufacturer of premium sun lenses, is closing as the regional commercial court terminated its reorganization plan and ordered liquidation. The insolvency date has been set for March 20, 2026. The company employed 29 people. The decision follows a sharp decline in revenue, from €3.8 million ...
-
News briefs
Belgian eyewear consultation software start-up raises €1.4 million
Brussels-based start-up Ditar has announced the closing of a €1.4 million seed financing round led by ScaleFund, with participation from other Belgian investors. The company said the funding will accelerate its international expansion, particularly in the US market. Ditar is best known for Optisuite, a tablet-based software used during in-store ...
-
ArticleKorean startup raises $18m for alternative AR display optics
LetinAR, a South Korea-based smart eyewear startup, has raised $18.5 million in a new funding round led by Korea Development Bank, a state-owned development bank, according to reports from TechCrunch and other tech news outlets. Lotte Ventures, the corporate venture capital arm of South Korea’s conglomerate Lotte Group, also participated ...
-
News briefs
Armani considering sale of 5% stakes to Essilux, LVMH and L’Oréal
The Italian fashion house Giorgio Armani SpA is considering selling 5 percent stakes each to EssilorLuxottica, LVMH and L’Oréal, according to a report in the Italian daily La Repubblica. That would be broadly in line with the instructions left in his will by Giorgio Armani, who died in September, to ...
-
ArticleDel Vecchio heir challenges deal to sell 25% of Essilux owner Delfin
Rocco Basilico, one of the eight heirs of Luxottica founder Leonardo del Vecchio, has challenged a deal that would see Leonardo Maria del Vecchio, his half-brother and Chief Strategy Officer at EssilorLuxottica, become the largest shareholder in Delfin, the Del Vecchio holding company that controls Essilux with a 32.4 percent ...
-
News briefs
EssilorLuxottica inaugurates new R&D center in Thailand
EssilorLuxottica has opened a new 5,000 square-meter research-and-development center in Bangkok, Thailand. The new facility will focus on new technologies and processes in the areas of smart eyewear, myopia management lenses, and sustainable production, the group’s management told local media. The company already operates four industrial sites in Thailand, including ...
-
ArticleEssilorLuxottica management confident in stock market rebound
Opening EssilorLuxottica’s annual shareholder meeting in Paris, Chairman and CEO Francesco Milleri started by stressing the group’s achievements over the past year and the ongoing profound transformation of its business from vision correction to medtech: “We aim to lead in preventive medicine, transforming vision care into a gateway for healthier ...
-
ArticleDel Vecchio heir and Essilux manager increases stake in controlling shareholder Delfin
Leonardo Maria del Vecchio, Chief Strategy Officer at EssilorLuxottica and one of the heirs of Luxottica founder Leonardo del Vecchio, has reached a deal that will make him the largest shareholder in Delfin, the Del Vecchio holding company that in turn controls Essilux with a 32.4 percent stake. Leonardo Maria ...
-
ArticleKering Eyewear expects 'execution' and AI glasses to drive next growth phase
Kering presented yesterday ReconKering, its strategic turnaround plan, to investors during its Capital Markets Day (CMD) in Florence, Italy. “ReconKering is designed to restore clarity, rebuild execution discipline and place the Group back on a long‑term leadership trajectory,” the official release reads. Luca de Meo, who took over the CEO ...
-
ArticleJulbo tops €50m in sales as new owner builds on brand heritage
After more than 135 years of history, including over four decades under the leadership of the Beaud family, Julbo was acquired by Peugeot Frères Industries, the investment arm of the Peugeot family, in 2022. We recently sat down with Damien Guillobez, CEO of Julbo, to discuss the sport eyewear company’s ...
-
ArticleChinese smart glasses firms eye IPOs in race with big tech
Prominent Chinese smart glasses companies are increasingly turning to the stock market to fund their growth in a fast-moving, highly competitive sector. Beijing-based XREAL filed for an Initial Public Offering (IPO) in Hong Kong earlier this month, while Rokid, based in Hangzhou, is reportedly considering the same move. According to ...
-
News briefs
Kering boosts liquidity with €1.1 bn Milan real estate deal
Kering has signed a real estate deal with Al-Mirqab Group, a Qatar-based construction and real estate company, for its building at Via Monte Napoleone in Milan, Italy. Kering will contribute the property to a new joint stock company owned at 80 percent by Al-Mirqab Group and at 20 percent by ...
-
News briefs
EssilorLuxottica invests in leading Thai optical retailer
EssilorLuxottica has acquired a “meaningful stake” in Top Charoen, the leading optical retailer in Thailand and a longtime customer. The term usually refers to a a significant minority ownership position, typically 10-25% of a company’s shares, that provides strategic influence without full control. Founded in 1947, Top Charoen ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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.
-
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 ...
-
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 ...
