Latest Headlines
-
ArticleMister Spex up double digit, opens first stores abroad
Mister Spex , the German-based omnichannel retailer, announced last week that its 2020 revenues grew by 18 percent last year as compared to 2019, reaching €164 million. The company registered a double-digit hike in sales both in Germany and in its international markets. Dirk Graber , founder ...
-
Article
Essilux ramps up Stellest
Only a few days after announcing significant developments for its myopia management lens in China and the U.S. during its conference call with financial investors, EssilorLuxottica disclosed updated results on its Stellest research during the online congress of the Société Française d’Ophtalmologie a few days ago and ...
-
Article
INDO invests to become a Mediterranean leader
INDO , the Spanish-based lens manufacturer, increased its market share in Spain by 1.5 percentage points last year, consolidating its position as the third largest lens brand in the country. According to figures provided by the company, its revenues in the lenses’ category went down by 4 ...
-
Article
U.S., Smith and e-commerce drove Safilo’s growth in Q1
Safilo reported a 13.7 percent year-on-year increase in Q1 revenues to €251.4 million, or 20.0 percent in constant currencies, largely driven by its American business, the newly acquired e-commerce businesses and the good performance of Smith Optics . Significant improvements were also reported in the Italian ...
-
Article
Fielmann enters Czech market, eyes France
During Fielmann ’s annual press conference, Marc Fielmann , CEO of the company, announced that the German-based retail group was about to enter the Czech Republic, a new step forward in its internationalization strategy. The first shop will be opened in Prague next month and the group ...
-
Article
Carl Zeiss Meditec sees Covid-19 impact fading
Providing more details on its H1 2020/21 performance after an initial announcement at the end of April, Carl Zeiss Meditec confirmed a 7.3 percent year-on-year hike in total revenues to €767.4 million. On a constant currency basis, sales increased by 10.5 percent. The growth in revenues was driven ...
-
Article
EssilorLuxottica revenues top 2019 level
EssilorLuxottica confirms its growth trajectory started in the second half of 2020, with sales for the first quarter surging by 7.3 percent from the year-ago quarter to €4,060 million, or by 14.3 percent in constant currencies. This is even 1.9 percent above the level of the first ...
-
Article
Marcolin sales down 30% in 2020
Severely impacted by the Covid-19 pandemic, the Marcolin Group reported a 30.1 percent year-on-year dive to €340 million in revenues for its financial year 2020, representing a 28.3 drop in constant currencies. The group does not communicate sales by product categories but the strong focus of its portfolio on ...
-
Article
Bausch gears up to spin off B+L
As part of its quarterly results’ announcements, Bausch Health said that it was accelerating the preparations for the spin-off of its Bausch + Lomb business. Having just completed its financial segmentation of the unit, the company said it expects to be ready for the operation in Q3 2021. ...
-
Article
International sales drove Hoya’s lenses' business in Q1
Hoya Corporation reported a 12 percent year-on-year increase in group revenues for the last quarter of its 2020/21 financial year ended on March 31, 2021, or an 11 percent growth in constant currencies. The quarterly performance was driven by a solid growth in the group’s IT department, but the ...
-
Article
Internationalization fueled Fielmann Q1 sales' growth
Fielmann Group reported a 9.2 percent year-on-year increase in external sales including VAT and changes in inventories to €444.9 million, a revenue level also higher than in Q1 2019. The increase was mostly attributable to the integration of the recently acquired Óptica Audiologia Universitaria business in ...
-
Article
Inspecs reports 5 % hike in Q1 revenues
Eyewear designer Inspecs reported a rise in like-for-like first quarter revenues despite the Covid-19 pandemic’s impact on operations. The frame maker and distributor posted revenues of $67 million for the three months to March 31, up 5 percent on a comparable basis year on year, according to a company ...
-
Article
Vision Expo East upbeat about its 2021 edition
The Vision Council and Reed Exhibitions , joint organizers of the Vision Expo eyewear trade shows, seem upbeat about the next edition of Vision Expo East , which should be the first major industry event to take place since the outbreak of the Covid-19 pandemic. Initially planned to ...
-
Article
Strong rebound for Kering Eyewear in Q1
Kering Eyewear revenues strongly rebounded in the first quarter of the current financial year, after having declined by 8.6 percent in the second half of 2020. Total revenues in the Corporate Other segment of the French luxury group, which accounts for 96 percent of ...
-
Article
GV reports improved margins on slightly lower sales in Q1
GrandVision reported slightly declining Q1 revenues for 2021 as compared to 2020, as its business was still significantly impacted by the consequences of the Covid-19 pandemic, particularly in Europe. However, the retail group almost doubled its EBITDA over the same period thanks to an overall improved product mix, continued ...
-
Article
Visottica Comotec reinforces, diversifies portfolio with new acquisition
Visottica Comotec , the Italian supplier of eyewear components, announced on April 10 the takeover of Eurodecori , another Italian company that specializes in the supply of small metallic parts and accessories for the eyewear industry as well, but is also active in the fashion, leather goods ...
-
Article
Opti organizers give 2022 update
Klaus Paschka and Bettina Reiter , respectively managing director of Gesellschaft für Handwerkmessen (GHM) and exhibition director of opti , gave an update on April 15 about the next edition of the German trade fair in the form of a corporate interview on the show’s website. After a ...
-
Article
The Vision Council releases diversity report
The Vision Council just released the results of its first Diversity, Equity and Inclusion (DEI) report, based on a survey among its members at the end of last year, for which the organization received a total of 1,527 responses. All survey participants were based in the U.S., with retailers ...
-
Article
ECOO, ZVA criticize EU decision in Essilux-GV case
The European Council of Optometry and Optics ( ECOO ), the Brussels-based umbrella association, and the Zentralverband der Augenoptiker und Optometristen ( ZVA ), the German association of opticians and optometrists, both released official statements at the end of last month criticizing the terms of the European Commission ...
-
Article
Fedon sales down 34% last year
In a difficult year marked by the Covid-19 pandemic, Fedon , the Italian specialist in eyewear cases and leather goods, reported a sharp decrease in revenues but managed to keep positive EBITDA figures. Total sales of the Italian group fell by 34 percent year-on-year to 42.3 million euros in 2020, ...
