Latest Headlines
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ArticleLuxottica facing €125 m penalty from French competition watchdog
L’Autorité de la concurrence , the French market competition regulator, sanctioned Luxottica yesterday with a €125 million penalty for anti-competitive behaviors in France between 2005 and 2014. EssilorLuxottica immediately announced that it would appeal the decision, highlighting that the group had always conducted its business according to the ...
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Demo lenses find new life in eyewear frames
A few months ago, Yair Neuman , a London-based eyewear designer, and Cubbitts , an eyewear maker and retailer also based in the British capital, launched FUSED , a collection of eyewear made from DELEREX. The new material, developed and patented by Neuman, is entirely recycled from demo lenses collected ...
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Jimmy Fairly to boost international business under new ownership
The vertically integrated French eyewear brand Jimmy Fairly is changing hands after its founders, Antonin Chartier and Sacha Bostoni , and the investment fund Experienced Capital , their main financial partner since 2017, agreed to sell a majority stake of the company to the HLD investment fund. ...
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Luxexcel accelerates in smart prescription lenses
Luxexcel , the Dutch-based supplier of 3D-printed lenses, announced yesterday the launch of its new platform for the manufacturing of prescription lenses for smart glasses. The announcement comes only a few months after the company partnered with WaveOptics , a U.K-based supplier of waveguides. Called Vision Platform 7 , ...
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Essilux opens smart eyewear innovation center in France
EssilorLuxottica announced earlier this week the creation of a smart eyewear innovation center in France. Located at the group’s production site in Dijon, the new Smart Eyewear Technologies Center aims at reinforcing the company’s expertise and expanding its capabilities in electrochromic – electronically-powered and automated change of the ...
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Hans Anders to start using new AI tool for style recommendations
Hans Anders will start using STYLE PTTRNS , a style recommendation tool for prescription eyewear created by Eindhoven-based startup PTTRNS.ai , on its Dutch e-commerce website starting July 15. The company’s program is presented as a service to assist online and in-store customers in the time-consuming and often ...
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Kering Eyewear acquires Lindberg
Kering Eyewear , an entity of the French luxury group Kering , announced on July 8 the acquisition from the Lindberg family of 100 percent of the share capital of LINDBERG , the Danish-based independent eyewear company. The details of the transaction, which is expected to complete later this year ...
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Fielmann business recovery accelerated in H1
The Fielmann retail group released preliminary figures for the first half of the current financial year during its annual general meeting on July 8. The company said that its business’ recovery accelerated in Q2 thanks to declining Covid-19 incidences on the optical market and to its ongoing internationalization and ...
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GLCO to boost DTC under new ownership
Garret Leight Califiornia Optical ( GLCO ), the Los Angeles-based eyewear brand, has announced a strategic investment by The Untitled Group , an investment company specializing in consumer brands based in New York. According to the terms of the agreement, Untitled is investing $20 million in exchange for a ...
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Q2 Stock price update: Essilux hits record high
We are giving here our quarterly update on the evolution of the stock price of 19 public companies operating in our core market, which grew by 9.4 percent on average between March 31 and June 30. 2021 - Q2 stock price chart The quarter was marked ...
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Afflelou rebounds 3 % higher than in 2019
The Afflelou group reported revenues of €189.3 million for its third quarter and of € 618.1 million for the first nine months of its current financial year, representing year-on-year increases of 74.4 percent and 24.5 percent, respectively. The group highlighted that its total sales for the first nine ...
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Essilux-GV: transaction closed
As expected since EssilorLuxottica ’s previous announcement two days ago , the group completed on July 1 the acquisition of HAL ’s 76.72 percent stake in GrandVision at the price of €28.42 per share agreed in July 2019. The transaction will amount to a payment of approximatively €5.5 billion ...
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Safilo to launch €135m capital increase
The board of directors of Safilo has decided to propose a share capital increase of up to €135 million, the company announced on June 30. The group said that the main objectives of the capital increase were the reimbursement of a shareholder loan to Multibrands , a subsidiary of ...
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Fashion-focused Mondottica upbeat about post-Covid rebound
Mondottica International , the eyewear company specializing in licensed eyewear, is preparing for the launch of its first Vivienne Westwood eyewear collections in the second half of the year. The new license is the first addition to the Hong Kong-based company’s portfolio since the departure of Michael Jardine , ...
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Essilux to close GV acquisition
EssilorLuxottica announced yesterday that its board of directors has approved the completion of the acquisition of HAL ’s 76.72 percent stake in GrandVision at the price of €28.42 per share that was initially agreed on July 2019. The announcement was followed by a very short statement by ...
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Shift towards omnichannel in U.S. online eyewear purchase
The Vision Council has released the latest edition of its Internet Influence Report , a research conducted in December 2020 among 4,909 U.S. adult consumers and aimed at measuring the role of internet in their recent eyewear purchases. This edition follows previous reports published in 2017 and 2020 that ...
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Mister Spex, Warby Parker: omnichannel retail going public
In a press release dated June 22, Mister Spex ’ announced that its floatation at the Frankfurt stock exchange was scheduled for next week, July 2. The company set a price of between €23 and €27 for its initial public offering (IPO), corresponding to a valuation of up to €895 ...
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Essilux free to terminate GV deal following arbitral decision
Just half an hour apart, EssilorLuxottica and GrandVision both announced yesterday evening that the arbitration proceedings between them ended with a decision favorable to the Italo-French group. The arbitral tribunal declared by majority that GrandVision had breached its obligations under the Support Agreement for the ...
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Deep Optics kickstarts liquid crystal lenses’ hybrid sunglasses
It took less than twelve hours for the Israeli startup Deep Optics to complete its $25,000 objective in its Kickstarter campaign for the launch of its new 32°N product, a pair of sunglasses with adaptative lenses that can easily be switched to a reading glasses’ function. ...
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