All EssilorLuxottica articles – Page 8
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ArticleEssilorLuxottica to increase its lens capacity in France by 40% with new industrial site
French President Emmanuel Macron inaugurated yesterday EssilorLuxottica’s Excellence Rx Laboratory, or Labex according to the group’s terminology, a new industrial facility located in Wissous, in the suburbs of Paris and close to the company’s Innovation & Technology Center in Créteil. EssilorLuxottica stressed that the laboratory, which spreads over 16,000 square ...
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News briefs
SightGlass Vision announces new clinical research results
SightGlass Vision, a joint venture between EssilorLuxottica and CooperVision, is presenting new clinical research related to its Diffusion Optics Technology (DOT) at the annual meeting of the Association for Research in Vision and Ophthalmology (ARVO) currently taking place in Salt Lake City, Utah. SightGlass Vision says that a recent study ...
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ArticleEssilorLuxottica to turn eyewear into a service platform and frames into ‘wearables real estate,’ shareholders hear
In the company’s annual shareholders meeting, Chairman and CEO Francisco Milleri detailed how Essilux is progressively shifting from a hardware-oriented to a service-oriented business centered on AI and medtech. More acquisitions in the AI, chips design and eye surgery sectors are into the group’s deals pipe for 2025 and 2026. The company is taking a cautious approach to US tariffs supply chain adjustments.
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ArticleEssilorLuxottica adds price hikes to US tariffs mitigation arsenal, reports strong Q1 performance
The industry leader is planning to increase its prices in the US but mostly counts on its ongoing supply chain diversification and innovation and M&A pipelines to mitigate the impact of US tariffs. Q1 revenue was up by 8 percent at constant rates, driven by the DTC division.
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News briefsNew countries, features for Ray-Ban Meta
EssilorLuxottica, owner of Ray-Ban, announced on April 23 that the Ray-Ban Meta will soon be available in Mexico, India and the United Arab Emirates (UAE). Meta, for its part, announced on the same day that it was extending access to the smart eyewear’s AI to seven European countries: Germany, Austria, ...
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News briefsApple to compete with Ray-Ban Meta?
Apple CEO Tim Cook apparently believes the same thing as Meta CEO Mark Zuckerberg – that eyeglasses are the ideal “form factor” (Zuckerberg’s words) for computing. “Cook has made this idea a top priority for the company and is hell-bent on creating an industry-leading product before Meta can. ‘Tim cares ...
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ArticleEyewear stocks down by 2% in Q1, and by 10% since April 2
We are publishing here with a slight delay our quarterly chart on the evolution of the stock prices of eyewear companies. The reason for us delaying this update was the scheduled announcement of US President Donald Trump’s new reciprocal tariffs on April 2, which was certain to impact stock markets ...
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ArticleMain eyewear stocks down 7% and supply chains in doubt on US tariffs shock
So-called “reciprocal tariffs” announced by US President Donald Trump have sent global eyewear stocks down. The particularly high rates slapped on China and Southeast Asian countries challenge supply chain adjustments made in the last 2 years. Questions on how US consumers will respond to higher eyewear prices abound.
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News briefs
Essilux’ number of shareholding employees keeps rising
EssilorLuxottica has announced that its number of shareholding employees rose to 97,000 in 2024 from 83,500 in the previous year following record-breaking investments in the group’s international shareholding plan and the French PPE that respectively raised €190 million and €33 million. The number of employees who joined Valoptec, the association ...
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News briefs
EssilorLuxottica ranks eighth in global innovation ranking
EssilorLuxottica took the eighth position in the 2025 ranking of the world’s most innovative companies by Fast Company, a global media focusing on technology. The eyewear and eye care behemoth ranks in the Top 10 among the likes of Nvidia, BYD, Rocket Lab or Duolingo to name a few. The ...
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ArticleAnnual 'smart glasses' market expected to grow to 17m units by 2029, research finds
Units sold jumped by 210 percent year on year to over 2 million in 2024, with Ray-Ban Meta holding a 60 percent market share, according to Counterpoint Research.
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News briefs
EssilorLuxottica appoints new wholesale manager for the DACH region
EssilorLuxottica has appointed Wolfgang Messerschmidt as its new Head of Professional Solutions, its wholesale division, for the DACH region effective April 1. An eyewear industry veteran, Messerschmidt has been working for EssilorLuxottica since 2022, most recently as Vice President for Central Europe.
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News briefs
Apollo-Optik has a new managing director
Apollo-Optik, the second largest optical retailer in Germany, has appointed Alex Versteeg as its Managing Director, effective April 1, in replacement of Nihat Aydin who is leaving the company. Versteeg has worked since 1998 for the Essilor and later the EssilorLuxottica group, starting as Junior Manager in France and climbing ...
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News briefs
CooperVision launches MiSight ophthalmic lenses in the Iberian market
CooperVision is expanding its myopia management offering beyond contact lenses in Spain and Portugal with the launch of MiSight Spectacle ophthalmic lenses in Spain. The lenses integrate SightGlass Vision’s Diffusion Optics Technology (DOT) whose patent-protected mechanism decreases the contrast signals that can cause myopia progression according to the company’s presentation. ...
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News briefs
Rapper A$AP Rocky named creative director for Ray-Ban Studios
EssilorLuxottica has announced that it has named rapper and record producer A$AP Rocky as the first-ever creative director for Ray-Ban Studios. The company said that the artist would bring ”his distinctive vision and trendetting influence to guide creative projects that will shape the future of the brand.” The first collection ...
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ArticleEssilux to ramp up Ray-Ban Meta annual capacity to 10m pairs
Product innovations by EssilorLuxottica, most notably Ray-Ban Meta and to a lesser extent Nuance Audio, were the main focus point during the group’s financial results presentation yesterday. They were also very much at the center of questions by investors in the Q & A session during which Francesco Milleri, Chairman ...
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ArticleEssilorLuxottica ends solid year with Q4 acceleration
Sales were up by 9 percent in the last quarter of 2024 as Ray-Ban Meta, Supreme and a Sunglass rebound provided additional momentum, on top of the group’s usual growth drivers.
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News briefs
EssilorLuxottica expands med-tech offering with new acquisition
A few months after its investment in Heidelberg Engineering, EssilorLuxottica announced yesterday the acquisition of Cellview Imaging, another med-tech company. Based in Canada and until now only distributed in North America, Cellview has developed a range of diagnostic imaging instruments for eyecare practitioners to diagnose retinal pathologies. According to Essilux, ...
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News briefsEssilux to coordinate French research program in myopia
With several other entities, EssilorLuxottica has inaugurated a five-year research program in personalized optical myopia treatment, with the objective of diagnosing myopia in childhood and slowing its progress. Called Premyom, the program will make use of large-cohort studies, clinical trials, data analytics, digital modeling, biomechanical simulation of the myopic eye, ...
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News briefs
Nuance Audio cleared to launch in both the US and the EU
EssilorLuxottica has announced that it has received the FDA clearance for its over-the-counter Nuance Audio glasses and that is has also simultaneously received all the necessary authorizations, including the CE marking under the Medical Devices Regulation, to market the product in the European Union. Essilux has said that it ...
