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French Optique Lafayette plans to triple retail footprint by 2028
Optique Lafayette, a French optical retail chain with 48 stores at the end of 2023, has announced plans to open 20 new locations this year and grow its network to a total of 150 shops in the next five years. The company is also introducing a teleophthalmology service at its ...
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French association releases new poll results on kids eye health
AsnaV, whose acronym stands for “association for eyesight improvement” in French, and research company OpinionWay have published the results on an opinion poll focusing on the eye health of children under 12 years old in France. Based on online questionnaires filled by 1,302 people including 473 parents, the survey showed ...
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ArticleOrganic growth and network expansion fuel Krys Group momentum
KRYS GROUP claims that it consolidated its market leadership in France last year as solid organic growth and the “exceptional” expansion of its retail footprint enabled the company to outperform the French optical market growth (+5.5 percent according to GFK) by three percentage points. Total network sales in the country ...
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ArticleAfter a good 2023, Atol to accelerate on audition and low-cost banners
French voluntary retail group Atol has announced a 6.3 percent year-on-year increase in company revenue to €455 million for 2023, including €3 million from the sales of hearing aids. The group stressed that last year was a record high both in terms of revenue and growth pace and that it ...
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French families rank their favorite optical chains
“Marques et familles” (Brands & Families), a French marketing organization researching French families’ favorite brands in different sectors, has released the results of the 10th edition of its survey which was based on a poll with close to 2,000 families at the end of 2023. In the optical retail category, ...
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French eyewear industry association elects new president
Prûne Marre, managing director of Essilor France, was elected as the new president of GIFO, the French eyewear industry association, last week. She succeeds Eric Lefort, managing director of Marcolin France, who led the organization since April 2022. Jean-Michel Lambert (HOYA Vision Care), Matthieu Lafont (Lafont) and Sandra Timon (Minima) ...
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Krys Group launches full OFG lens range
KRYS GROUP has announced that CODIR, its industrial and logistics subsidiary located outside Paris, was launching a complete range of Origine France Garantie (OFG)-certified lenses. More rigorous than the Made in France marking, the OFG certification guarantees that at least 50 percent of the product’s added value was acquired in ...
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South Korean e-commerce giant takes over Farftech
Coupang, the South Korean-based e-commerce group, has annoucend that it was taking over the business of Farftech, investing $500 million in the struggling luxury online retail platform. The cash injection will enable Farftech to clear its debts and continue its operations. The company, which is currently valued at around $200 ...
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French OEM maker rescued by three clients
Theo, J.F. Rey and John Dalia have joined forces to take over the business of Cemo Decovision, their common supplier, in an eleventh-hour rescue operation as the Morbier-based eyewear maker was put into liquidation on Nov. 17. In a press release published earlier this week, the newly-formed consortium explained that ...
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75% of French opticians offer myopia management lenses, poll finds
According to a poll by French website Acuité, only 25 percent of optical shops in the country do not sell myopia management lenses for children, indicating a strong penetration of the relatively new product category in the retail channel. Over 900 optical stores, or about 7 percent of the total ...
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70% of French parents open to remote eye exams, report finds
KRYS GROUP and research company IPSOS have announced the main results of their annual survey on various issues related to eye health in France. Among the main conclusions, the research showed that the screen use time of 3 to 10 year-old children has increased by 10 percent from 2022, reaching ...
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Optical Center CEO investigated for massive money laundering
According to an investigation by Mediapart, a French online news service, Laurent Lévy, CEO and owner of Optical Center, is suspected by the country’s tax authorities of having embezzled approximately €275 million from the group between 2018 and 2022. The executive has reportedly built up a system through which companies ...
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French interprofessional council to focus on CSR
The members of the Conseil Interprofessionel de l’Optique, a French eyewear umbrella organization for both the retail sector and its suppliers, has reappointed Henri Grasset, CEO of Lunettes Grasset, and Jean-François Porte, CEO of Edgard Opticiens and recent recipient of the International Optician of the Year award at Silmo, as ...
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ArticleFrench optical market flattish in 2022, official report says
The French optical market inched up by 0.2 percent year-on-year to €7,272 million according to the new report by the national research and statistics office, the Direction de la recherche, des études, de l’évaluation et des statistiques (DREES). The small hike in market value follows two years of strong COVID-related ...
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Dozens of optical shops looted during riots in France
According to a preliminary count by French B to B website Acuité, at least sixty optical shops were looted or burnt down in France during the riots that took place in the country last week, following the death of a young driver in a police roadside check. The survey, published ...
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French eyewear industry open doors’ day draws in 450 ECPs
A total of 450 opticians coming from France, Belgium and Switzerland took part in the first edition of “Manufacture Tours”, an operation organized on June 5 by LEOO, the association of French optical products manufacturers. A total of 30 industrial sites, including production sites for lenses and frames, were open ...
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ArticleKRYS GROUP to raise lens production capacity by 30%
KRYS GROUP has announced the completion of the building of its new plant at its CODIR industrial and logistic center in Bazainville, near Paris. The new 4,800 square meter structure, which is slated to become operational early next year at the latest, will enable the French optical retailer to accelerate ...
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Krys rolls out VR headsets in shops
After a conclusive pilot program last year with 50 opticians, French retail chain Krys has announced the roll-out of VR headets in 200 locations out of its 1,000-store network. The device integrates an eye tracker 3D software that measures the wearer’s eye movements – including peripheral visual field, sensitivity to ...
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ArticleFrench opticians release new market data ahead of new health care plan negotiations
As the French government prepares for a new round of discussions with healthcare professionals for an update of its so-called 100% Santé reform, the Rassemblement des Opticiens de France (ROF), the main opticians’ association in the country, has released a new set of data around the implementation of the plan ...
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Optic 2000 group reports stable revenue for 2022
The Optic 2000 group, one of the leading optical and hearing aids’ retail players in France, has announced that its sales reached €1.2 billion including VAT in 2022. This represents a flattish year-on-year performance against a record comparison basis in 2021. By banner, sales including VAT reached €891 million for ...
