Latest Headlines – Page 13
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ArticleProduct carbon footprint, circularity and 3D print on Ace & Tate sustainability agenda
Dutch-based eyewear brand Ace & Tate will launch its first 3D-printed collection with a short range of sports glasses, we learned in an interview with Femme van Gils, sustainability manager, and Sean Peron, vice president of marketing and brand. The collection will be based on Arkema’s Polyamide 11, a polymer ...
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ArticleThe Vision Council sees a much bigger but flat U.S. market for 2022
The Vision Council has changed its view of the U.S. optical industry, after a revamping of its statistical methods, and has just published a retitled annual survey: the Market inSights Report. Available free of charge to the Council’s members, the report estimates data for product categories, market divisions and the ...
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ArticleIndustry top 5 average stocks' value up 11 % in Q4
Stock prices of public companies in the eyewear sector have confirmed their recovery in the last quarter of 2022, as the average value inched up by 0.3 percent in the period on a non-weighted basis. It is the first time that our quarterly chart shows an improvement in average value ...
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ArticleSpecsavers owners place company in family trust
Specsavers’ owners and co-founders Dame Mary Perkins and her husband Doug have announced that they had placed the company in a family trust in order to protect it from a potential acquisition by private equity funds in the future. “We are coming up to our 80th birthdays so we have ...
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ArticleA look at the year ahead
A year ago, things were looking brighter, or so it seemed, and one could have described the general eyewear industry mood as “cautiously optimistic.” After the initial COVID-19 shock in 2020, business conditions progressively returned to normal in all main optical markets, to the exception of China and other Asian ...
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ArticleMeta acquires 3D-printed ophthalmic lens company Luxexcel
Meta, the parent company of Facebook and Instagram, has discretely acquired Luxexcel, the supplier of 3D-printed prescription lenses, at the end of last year in a strategic move certainly aimed at enhancing the tech giant’s virtual reality (VR) portfolio. No official announcement was released by Meta but the investment, which ...
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ArticleAfflelou up 2.1% in Q1 with return to growth in France
The Afflelou group has posted a 2.1 percent year-on-year increase in network sales to €213 million for the first quarter of its 2022 financial year, ended on Oct. 31, with growth in all its markets in spite of the troubled macroeconomic environment. On a like-for-like basis, sales were up by ...
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ArticleFielmann expands Spanish business with new acquisition
The Fielmann Group is strengthening its presence in the Spanish market through the full acquisition of the retail, wholesale and manufacturing businesses of MFI Group, a leading optical and hearing-aid supplier in northern Spain. The transaction will be completed on Dec. 31, 2022. The investment comes after the takeover in ...
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ArticleExports jump and new projects for Italian eyewear but ANFAO warns of looming crisis
On the occasion of its annual general meeting last week, the Italian eyewear industry association ANFAO delivered positive interim export figures for 2022 and announced two new initiatives related to feminine empowerment and innovation in the industry. As reflected in our tables below, exports of Italian eyewear increased by 22 ...
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ArticleDownsized opti to focus on myopia management and sustainability
Opti organizers have had to reduce the exhibition space of their next edition of the show, scheduled to take place from next January 13 to 15 in Munich, after being faced with a wave of cancelations from several large eyewear industry players and usual exhibitors. Initially planned on four halls ...
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ArticleZeiss Vision Care up double digits in 2021/22
Zeiss Vision Care, the main business unit within the Consumer Markets segment of the ZEISS Group, has reported a double-digit increase in revenue at constant exchange rates for its 2021/22 fiscal year, ended Sept. 30, compared to the previous year, with market share gains in all regions. The company does ...
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ArticleDe Rigo to acquire Rodenstock eyewear division
De Rigo Vision has announced the signature of an agreement to acquire the full ownership of Rodenstock’s eyewear division, a transaction that is scheduled to be completed at the end of second quarter of 2023. The amount of the acquisition was not disclosed. The family-owned Italian group said the investment ...
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ArticleCarl Zeiss Meditec ends year with 15 % topline growth and full order book
Carl Zeiss Meditec has reported annual revenue of €1,903 million for its 2021/22 fiscal year, an increase of 15.5 percent in reported terms and of 13.3 percent at constant exchange rates compared to the previous year. Orders received increased at an even faster pace (27.7 percent in constant currencies) to ...
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ArticleCovid has highlighed the importance of trade fairs
The Covid-19 outbreak demonstrated that digital solutions “on their own” could not replace trade shows canceled due to the pandemic, noted Luca Palermo, the chief executive of Fiera Milano, which manages the Rho exhibition hall as well as exhibition pavilions in Milan and the Allianz MiCo convention center. The Italian ...
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ArticleRecord revenue but lower margins for Cooper
CooperCompanies has reported mixed results for its last fiscal quarter of the year as well as for the full year. While the group’s revenue continued to grow at a double-digit pace year-on-year reaching record levels in both business units, CooperVision (CVI) and CooperSurgical, profit ratios declined significantly. CVI Q4 revenue ...
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ArticleWarby Parker details strategy at Morgan Stanley conference
Warby Parker, represented by its co-founder and co-CEO Dave Gilboa, participated earlier this week in Morgan Stanley Global Consumer & Retail Conference, during which the company detailed some elements of its current business and replied to questions on its future strategy, including on ways to achieve profitability. The U.S. omnichannel ...
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ArticleEyewear companies climb in Deloitte luxury players’ ranking
Along with Thélios and Kering Eyewear, the eyewear subsidiaries of LVMH and Kering, three Italian-based eyewear manufacturers have been listed in the 2022 edition Deloitte’s “Global Powers of Luxury Goods”, an annual report ranking the 100 largest luxury companies in the world. Companies were ranked according to their consolidated sales ...
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ArticleOptiswiss maintains focus on ECPs, innovation and premium products
In an interview with Eyewear Intelligence, Samuel Frei, CEO of Optiswiss, sheds light on how the Swiss-based independent lens maker navigates an increasingly consolidated optical market with a strategy based on a focus on premium products, distribution through independent eyecare professionals (ECPs), state-of-the-art production facilities, investment in new technologies and ...
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ArticleSpain’s optical manufacturers expect a record spring
The Spanish Association of Optical Manufacturers (AEO) is looking forward to strong eyewear sales in spring, as demand for sunglasses rose again in the third quarter, after two years of low inventory renewals. Third-quarter eyewear sales were in fact up by 20 percent overall in volume and by 11 percent ...
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ArticleConsumer sentiment improves in Europe
Consumer sentiment improved slightly in Germany, France and Italy, the three main economies of the European Union, but consumers remain cautious in a difficult economic environment. In December, German consumer sentiment is expected to rise by 1.7 points to -40.2 points from -41.9 points in November, according to the market ...
