All EssilorLuxottica articles – Page 2
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ArticleEssilux reports Q3 slowdown, opens new Thai mega plant
EssilorLuxottica has reported a 1.6 percent year-on-year decrease in Q3 revenue to €6,294 million as the relative weakness of its sun retail business spread beyond the North American market and Asia-Pacific provided a tougher comparison base in the period. In constant currencies, the group’s top line however increased by 5.2 ...
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ArticleEyewear companies' average stock price down in Q3
After two consecutive quarters of double-digit growth, the average stock price of eyewear companies went down by an average 7 percent on a non-weighted basis (see chart below) in the quarter ended Sept. 30. This also marks an unusual underperformance compared with the MSCI World Index, a global index comprising ...
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ArticleA tour of Silmo’s Futurology
This year’s Silmo show took place over the weekend of Sept 29 to Oct. 2. In Hall 6 was the Futurology space, a showcase for the new and the innovative, curated by designer, optician and artist Sébastien Brusset. Join us for a tour of its companies and products. Laclarée The ...
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ArticleSilmo Paris kicks off post-Covid trade-show era
The organizers of Silmo Paris have announced that 31,337 people visited the last edition of the show that closed its doors on Oct.2, or 16.5 percent more than last year, confirming the visual impression that the event has almost returned to its pre-pandemic self (approximatively 35,000 visitors in 2018). A ...
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ArticleMeta and Ray-Ban beef up smart glasses with influencers in mind
Meta’s CEO Mark Zuckerberg announced yesterday at the group’s developer conference the launch of the second generation of smart glasses developed in collaboration with EssilorLuxottica and its Ray-Ban brand. For this second generation of the smart glasses, the partners have significantly upgraded several key features from the initial product, the ...
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News briefs
EssilorLuxottica launches new and united practice management platform
EssilorLuxottica has announced the launch of HELIX, a new division of the company that will focus on leveraging modern technology for eye care professionals (ECPs) to improve the efficiency of their practices. The new web-based service will unite existing online tools of EssilorLuxottica - including VisionWeb, CLX, Patient Care and ...
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News briefs
SightGlass Vision releases first white paper on DOT
SightGlass Vision, the myopia management glasses joint venture between EssilorLuxottica and CooperVision, has released on its website its first white paper on its Diffusion Optics Technnology. Aimed at eye care professionals, the document provides information on the relationship between artificially high contrast signals at the retina and myopia progression, on ...
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News briefs
Sunglass Hut partners with Ready Player Me for virtual eyewear
Sunglass Hut, the retail banner of the EssilorLuxottica group, has started collaboration with Ready Player Me, an avatar platform for apps and games, to offer digital sunglasses to users who want to customize their digital avatars. Since last Sept. 14, customers can visit a selection of eight of Sunglass Hut ...
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News briefsMost Ray-Ban Stories shelf-bound, says WSJ
According to an internal document obtained by the Wall Street Journal, less than one in ten pairs of Ray-Ban Stories smart glasses ever sold are in regular use. Meta developed the product with EssilorLuxottica and released it almost two years ago, in September 2021. By February of this year it ...
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News briefs
EssilorLuxottica signs perpetual global license with Kodak
EssilorLuxottica and Eastman Kodak Company have announced the signature of a perpetual worldwide license agreement granting the Italo-French group the exclusive right to use the Kodak brand for all products and services connected to its business. The brand has been part of the group’s portfolio of lenses since 2010 and ...
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ArticleEssilux to address hearing deficiency with glasses
EssilorLuxottica is moving into a new market, hearing aids, but with a twist. The company has established a “dedicated Super Audio team” and in-house research & development. More importantly, however, it has acquired the entirety of an Israeli company called Nuance Hearing. Nuance is the result of two brothers’ quest ...
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ArticleEssilorLuxottica maintains sales momentum in Q2, driven by optical portfolio
The EssilorLuxottica group confirmed in Q2 the high single-digit topline growth reported for the first quarter of this year, as well as a solid and stable operating margin for the first semester compared with H1 2022. The group stressed that, with the exception of its sunglasses business in the U.S., ...
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News briefs
Class action filed in the U.S. against EssilorLuxottica and other eyewear and luxury groups
A consumer antitrust class action was filed last Friday at the US District Court, in the Northern District of California (San Francisco), against EssilorLuxottica and over 50 companies in the eyewear and luxury sectors for anticompetitive practices, Bloomberg and other U.S. media report. The Italo-French group is reportedly presented by ...
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ArticleTwo retail groups top our Q2 stock price chart
Stock prices of eyewear industry companies confirmed in Q2 their upward trend started in the previous quarter. On a non-weighed average basis, they increased by 12.5 percent quarter-on-quarter overperforming the 6.3 percent rice of MSCI World, a global index comprising over 1,500 companies. EWI Stock price chart Q2 2023 ...
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News briefs
EssilorLuxottica, Safilo announce licensed portfolio updates
EssilorLuxottica has announced the signature of a 10-year license agreement with Jimmy Choo for the design, production and global distribution of Jimmy Choo Eyewear. The agreement will be effective from Jan. 1, 2024 with an automatic renewal option for five more years. Sandra Choi, Jimmy Choo’s creative director, will oversee ...
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ArticleVuzix OEM consumer smart eyewear business enters countdown phase
Vuzix’ management was not short of images, martial or witty, to describe the state of its business to its shareholders during the annual meeting held at the group’s headquarters last week: shipping boats, battleships, a dog and even a frog helped to convey the company’s expectations for its imminent takeoff, ...
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ArticleEU publishes alarming counterfeiting survey, ramps up IP platform
The European Union Intellectual Property Office (EUIPO), the European office in charge of intellectual property (IP) and anti-counterfeiting, has announced that it is preparing the launch of a new open-source and blockchain-based platform which is aimed at ensuring product authenticity through information sharing at every step of the supply chain. ...
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News briefs
EssilorLuxottica and WSPOS partner on myopia management education
EssilorLuxottica is expanding its partnership with the World Society of Paediatric Ophthalmology and Strabismus (WSPOS) by making the organization’s myopia management education program available on its Leonardo online platform. This year, WSPOS program also includes a digital supplement, three e-learning modules and three 60-minute webinars, the group said. EssilorLuxottica is ...
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News briefs
EssilorLuxottica partners with Harvard on Leonardo platform
EssilorLuxottica has announced that it would enhance Leonardo, its digital learning platform launched in 2021, with over 40 business courses from Harvard Business Publishing (HBP), a subsidiary of Harvard University. The contents supplied by HBP includes three learning courses focusing on personal carreer management, team management and business management. Additionnally, ...
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News briefs
EssilorLuxottica expands collaboration with ESSEC through circularity MOOC
EssilorLuxottica is expanding its collaboration on circular economy with the French-based ESSEC business school. The Italo-French eyewear group is one of the three partners, along with L’Oréal and Bouygues, in a new Massive Open Online Course (MOOC) just launched by the school. The 4.5 hour online course, available in French ...
