Latest Headlines
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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 ...
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Article“The last thing we want to be is a product for geeks,” Morrow Eyewear CEO
Morrow Eyewear just launched the third generation of its liquid crystal multifocal glasses. CEO Frederiek Yesbaert explains the recent upgrades and discusses the startup’s mid-term roadmap in terms of product development and distribution.
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ArticleNikon stock value jumps on Essilux 5% stake news
Nikon Corporation stock price increased significantly after official filings revealed that EssilorLuxottica, its long-time partner in ophthalmic lenses, had increased its stake in the company to 5.1 percent.
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ArticleA look at tele-medicine services, new lenses and measurement tools presented at Silmo 2024
The increasing footprint of tele-medicine in our sector was reflected in the growing number of suppliers showcasing their equipment and services at the Silmo Paris show, whose 2024 edition took place at the end of September. We report in this article on the main players present, mostly French companies: - ...
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ArticleItalian eyewear industry “strong and resilient” amid market slowdown
Italy’s eyewear industry has seen signs of a slowdown this year, but it is holding up remarkably well. That is clear in Belluno in Italy’s Veneto region, at the heart of the country’s eyewear production district, where factories are operating at full capacity and looking to grow. Lorraine Berton, the ...
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ArticleHakim Group maintained strong momentum in 2023
Group revenue jumped by 40 percent in 2023, in line with the previous year’s pace, despite fewer acquisitions.
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ArticleZEISS appoints SMT unit director as next CEO
Andrea Pecher, head of ZEISS SMT, the largest and fastest growing unit within the group, will become CEO in April 2025.
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ArticleMeta advances Ray-Ban Meta, introduces Orion
The company’s Connect conference for 2024 confirms a devotion to computing through eyewear.
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ArticleSilmo reports slight attendance increase, celebrates Silmo d’Or 30th anniversary
Organizers of SILMO Paris have announced that 32,125 visitors took part in the 2024 edition of the show that took place from Sept. 20 to 23, improving from the 31,337 who came last year and inching up closer to the pre-COVID levels (approximately 35,000). A little over half (52 percent) ...
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ArticleItalian eyewear exports fall in Q2, sector’s full year showing seen in line with 2023
Exports for the half year inched down by 0.3 percent, dragged down by a double-digit drop in the America region.
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ArticleNew alliance in the Middle East optical retail sector
MAGRABI Retail Group, the leading optical retailer in the Middle East region, has announced that it will take over 89 Rivoli Vision stores across the UAE, Qatar, Oman and Bahrain in what was described as a merger and an historic partnership. The alliance of the two multi-brand retailers will expand ...
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ArticlePrice reductions and Southeast Asian competition pressure Arts Optical ODM business
Eyewear manufacturer Arts Optical has reported mixed results for the first half of fiscal 2024. While the topline maintained a high-single digit growth pace, reaching $606 million Hong Kong dollars (€70 m), the group’s key Original Design Manufacturing (ODM) division underperformed. Furthermore, profitability continued to decline at both gross and ...
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ArticleZEISS invests in light field display technology startup with vision care platform in mind
CREAL, a display technology startup based in Switzerland, has announced that ZEISS will license its light field display technology and integrate it into its vision care devices. By replicating real-world light to provide digital imagery with genuine depth, CREAL’s light field 3D display technology enables the digital replication of any ...
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ArticleThe Vision Council reports on ‘Made in the USA’
What the label means and what the public thinks are separate things.
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ArticleLatest Spectacles from Snap not yet a product
The tech is there but the Lenses are not, according to CEO Spiegel.
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ArticleJapanese upmarket retail group JEH shows no signs of slowing down
JEH Holdings, operator of the Kaneko and 999.9 retail chains, posts another strong quarter as inbound tourism keeps boosting sales volumes and average prices.
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ArticleEssilux and Meta announce long-term partnership
EssilorLuxottica and Meta have announced that they will collaborate on the development of multi-generational smart eyewear products into the next decade, building on their Meta Ray-Ban success.
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ArticleMYKITA signs unexpected partnership with an LVMH brand
German eyewear designed brand has announced a partnership on a co-branded sunglasses collection with Rimowa, a brand of French luxury group LVMH, which usually entrusts its eyewear projects to its own eyewear subsidiary.
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ArticleBlenders makes it to ‘Prime Time’
How an insult to a sport rival’s mother resulted in shades selling like hotcakes.
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ArticleSILMO Paris back to cruising speed with an increased focus on new tech
Aiming to raise awareness of new technologies among optical retailers, SILMO Paris 2024 will put an increased focus on its Fururology space.
