All EssilorLuxottica articles – Page 9
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News briefs
Meta Reality Labs losses expected to keep piling up as group pushes for AI glasses
Meta has reported a 13.2 percent year-on-year revenue increase to $2.1 billion for its Reality Labs division, which includes the group’s Metaverse and Wearables categories, in fiscal 2024. The Meta Ray-Ban smart glasses are part of Wearables, but the company is only disclosing revenue information for the Reality Labs unit ...
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ArticleMeta developing smart glasses for Oakley – among other things
Meta is working on a model of smart glasses designed for athletes and to be sold under the Oakley brand, according to Bloomberg. That something like this might occur we suggested back in September, when EssilorLuxottica and Meta announced their long-term partnership. We speculated at the time that the new ...
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News briefs
Essilux to launch Nuance in Europe before the US?
In an interview published by Italian newspaper Corriere della Serra last week, Stefano Genco, Global Head of Super Audio and Nuance Audio at EssilorLuxottica, said that the company has obtained the European CE certification for its Nuance hearing-aid glasses, as well as the group’s certification as hearing-aid manufacturer, earlier than ...
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News briefs
MiYOSMART and Stellest equally efficient in myopia control for European children, study concludes
According to a new study published at the end of last year, HOYA’s and EssilorLuxottica’s myopia management lenses, respectively branded MiYOSMART and Stellest, are equally efficient to treat European children. Authors of the research stressed that this was the first such study as previous ones have focused on Asian children. ...
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ArticleEssilorLuxottica’s M&A program gets an early start into the new year
EssilorLuxottica is acquiring Pulse Audition, a French-based startup specializing in AI-driven hearing-aid technology for smart eyewear.
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ArticleFamiliar faces at the CES Awards for 2025
The Consumer Technology Association (CTA) has announced the winners of its CES Innovation Awards for 2025. Submissions were up 13 percent this time around – to 3,400 – and the number of AI-related submission was up by almost 50 percent. Below are the winners most relevant to the eyewear industry. ...
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News briefs
EssilorLuxottica and Prada renew multi-brand eyewear license
EssilorLuxottica and Prada Group have announced the extension of their eyewear licensing agreement until Dec. 31, 2030, with the provision for renewal until the end of 2035. The current license was expiring at the end of next year. The partnership includes the design, production and worldwide distribution of eyewear under ...
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ArticleBliz Eyewear launches rebranding after EssilorLuxottica takeover
A specialist in sports eyewear, ski goggles and helmets, the Swedish brand Bliz Eyewear was acquired by the EssilorLuxottica Group in January 2024, joining the company’s sports portfolio and adding a new entry-level price point. This portfolio also includes the sports eyewear brands Oakley and Costa. But Bliz has actually ...
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News briefs
EssilorLuxottica announces new acquisition in the med-tech sector
EssilorLuxottica continues to expand in the med-tech sector with the acquisition of Espansione Group, an Italian-based company developing non-invasive medical devices for the diagnosis and treatment of dry-eye, ocular surface and retinal diseases. Espansione Group’s proprietary technologies include Light Modulation Low-level Light Therapy (LLLT) photobiomodulation (PBM) and Intense Pulsed Light ...
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News briefs
EssilorLuxottica receives SBTi validation of GHG emission reduction targets
EssilorLuxottica has announced that its near-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Base Targets Initiative (SBTI), an internal association that, by its own definition, enables companies and financial institutions worldwide to play their part in combating the climate crisis. EssilorLuxottica’s sustainability targets include ...
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News briefs
Essilux partners with WHO on eyecare program
EssilorLuxottica has announced that its OneSight EssilorLuxottica Foundation has become a global collaborating partner of SPECS 2030, an eye care program by the World Health Organization (WH0). The SPECS initative focuses on five pillars: improving access to refractive services, building the capacity of eye care professionals, promoting eye health awareness, ...
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News briefs
Essilux and WCO partner on presbyopia education
EssilorLuxottica and the World Council of Optometry (WCO) have announced the launch of a new joint educational program aimed at providing comprehensive guidelines on presbyopia to eye care practitioners and, more generally, to establish a global standard of care for the eye condition. Dubbed “Presbyopia and the Aging Eye,” ...
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ArticleSolid but slower revenue growth and pressured margins for Synsam in Q3
The leading optical retailer in the Nordics posted a 7 percent revenue increase in Q3, but customer sentiment, competition and an acceleration in its store openings program pressured margins in Q3.
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ArticleJapan optical retail market value inch up on cautious price hikes
The IOFT eyewear trade show, which took place in Tokyo from Oct. 15 to 17, was the opportunity for us to assess the dynamics of the Japanese eyewear market, in collaboration with Gankyo Publishing, a local B2B eyewear publisher and research company. The eyewear show itself was this year again ...
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ArticleEssilux backs chief strategy officer Leonardo Maria Del Vecchio amid hacking probe
EssilorLuxottica has expressed its support for Leonardo Maria Del Vecchio, its chief strategy officer and the son of the late founder of Luxottica, amid a probe that has seen four individuals placed under arrest and Del Vecchio and dozens of others being investigated by the Milan public prosecutor’s office for ...
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ArticleApple to turn AirPods into hearing aids
This autumn, Apple will be releasing a software update that will turn the AirPods Pro 2 into a pair of hearing aids and a little more. According to the company, AirPods, with their in-ear seal and noise cancellation, can perform hearing tests in combination with an iPhone or iPad. For ...
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News briefs
French retail group Atol partners with Essilux’ Leonardo training platform
Atol, a French voluntary retail group with close to 800 shops in France, has announced the signing of an exclusive partnership with Leonardo, EssilorLuxottica’s training platform. Atol collaborators will be able to access a variety of jointly developed training sessions on a dedicated website. This training partnership between Leonardo and ...
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News briefs
Change at the helm of Nikon-Essilor JV
We have learned that Ludovic Mathieu, President, CEO and Representative Director of the Japan-based Nikon-Essilor joint venture since 2020, is leaving the company. He will be replaced by Bo Kajiwara, Senior Associate Vice President of Nikon Corporation, who joined the Nikon-Essilor board of directors in April this year. On top ...
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ArticleEssilux Q3 topline up 2% as EMEA and APAC slow down slightly
EssilorLuxottica Q3 sales were up by 4 percent year-on-year to €6.4 billion with innovations in lenses and smart eyewear contributing significantly.
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ArticleIndustry stocks inched up in Q3, driven by contact lens companies
The share price of stock-listed eyewear companies increased by 1.5 percent in the three-month period ended Sept. 30, underperforming the MSCI World Index which includes 1,500 companies worldwide across different sectors and grew by 6.7 percent. As usual, however, our quarterly eyewear industry-specific average is calculated on a non-weighted average ...
