Latest Headlines – Page 7
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ArticlePrice hikes and dailies drove Menicon’s growth in fiscal 2024-25
Menicon’s vision care unit revenue increased by 5.1 percent year-on-year to 112.3 billion Japanese yen (€687.4m) or over 90 percent of the company’s total business. In constant currencies, the division’s sales were up by 3.6 percent versus fiscal 2023-24 as solid growth in the daily and monthly contact lenses category ...
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ArticleInspecs Group rejects shareholder proposal to replace Robin Totterman as company director
In a regulatory news update, Inspecs Group announced yesterday that it has received a requisition notice by Downing, a private equity firm and its third largest shareholder, requesting a shareholders vote on the removal of Robin Totterman as a director of the company as well as the appointment of Rocco ...
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ArticleTopcon reports 9% annual eye care sales increase ahead of delisting
Reporting its financial results for the fiscal year ended March 31, 2025, Topcon Corporation has announced a 9.1 percent year-on-year increase in revenue to 84.3 billion Japanese yen (€512.3m) for its Eye Care business unit. In constant currencies, the group’s topline progressed by 7.5 percent versus FY 2023-24. In Q4, ...
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ArticleEssilorLuxottica to increase its lens capacity in France by 40% with new industrial site
French President Emmanuel Macron inaugurated yesterday EssilorLuxottica’s Excellence Rx Laboratory, or Labex according to the group’s terminology, a new industrial facility located in Wissous, in the suburbs of Paris and close to the company’s Innovation & Technology Center in Créteil. EssilorLuxottica stressed that the laboratory, which spreads over 16,000 square ...
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ArticleUS-China tariffs climbdown provides ‘breathing room’ but uncertainties loom large
In a steeper-than-expected climbdown of the trade war between the US and China, both superpowers agreed yesterday to slash down their respective “reciprocal” tariffs for a period of 90 days, approximately one month after their implementation. The agreement followed a weekend of trade talks in Switzerland and was accompanied by ...
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ArticleItaly’s ANFAO inaugurates ‘Lens of Time’ exhibit
ANFAO, the Italian eyewear association, on May 7 inaugurated the “Lens of Time – The History of Eyewear in Italy” exhibit in Palazzo Flangini in Venice. The exhibit recounts the history of Italian eyewear, stretching over seven centuries from its Medieval origins in Venice to contemporary design. Lorraine Berton, ANFAO ...
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ArticleMarcolin aims for greater supply chain control, reports positive Q1 results
Quarterly sales were up by 1.3 percent year-on-year on a scope and currency comparable basis, with EMEA as the main driver. In its latest annual report, the group provided more details on its FY 2024 performance as well as on its commercial and industrial organization.
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ArticleWarby Parker cuts growth expectations as it raises prices, shuffles production to offset tariff blow
Warby Parker cut its outlook for sales growth in 2025 and announced plans to selectively raise prices and shift more production out of China to help offset the negative impact of US import tariffs. The US direct-to-consumer (DTC) company now expects sales to grow by 13-15 percent in 2025, a ...
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ArticleMister Spex finds first positive signs of turnaround program in Q1 margins while revenue drops 13%
Quarterly revenue in Germany, the group’s core market, was down by 5 percent overall but up by 13 in the brick-and-mortar network. Another positive sign was the 26 percent jump in average value of prescription glasses sold offline.
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ArticleNational Vision raises guidance, says well-positioned to mitigate tariff impact
National Vision Holdings raised its full-year financial guidance after posting better-than-expected results in the first quarter of 2025 as steps to expand its exposure to existing higher value customers bear fruit and management believes the company is well-positioned to offset the negative impact of tariffs. National Vision now expects to ...
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ArticleSafilo returns to growth in Q1, details supply chain adjustments
Sales increased at a low-single digit pace in Q1 in both North America and Europe. Gross profit and adjusted EBITDA margins also inched up. During the results presentation, the company’s management detailed its US tariff mitigation strategy.
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ArticleEssilorLuxottica to turn eyewear into a service platform and frames into ‘wearables real estate,’ shareholders hear
In the company’s annual shareholders meeting, Chairman and CEO Francisco Milleri detailed how Essilux is progressively shifting from a hardware-oriented to a service-oriented business centered on AI and medtech. More acquisitions in the AI, chips design and eye surgery sectors are into the group’s deals pipe for 2025 and 2026. The company is taking a cautious approach to US tariffs supply chain adjustments.
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ArticleHOYA reports positive Q4 results, discusses general strategy, US tariffs
The group’s eyeglass lens and contact lens sales were up by 5 percent in Q4 and by 4 percent in the full year compared to fiscal 2023-24. The Life Care’s segment profitability improved significantly in Q4 after it dipped in previous quarters as the company prioritized sales recovery following the severe IT incident at the start of the fiscal year.
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ArticleFielmann Group share price jumps on strong Q1 and FY2025 outlook
It was a busy trading day on the eve of May Day at the Frankfurt stock exchange for Fielmann Group shares, whose price jumped by 13 percent on the previous day, while trading volumes, which had been hovering at around 40,000 shares in the previous days jumped six-fold to 264,000. ...
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ArticleAmazon-backed autofocus glasses startup raises $36m, aims for distribution in the ECP channel
The raised capital will enable IXI to continue its product development and to kickoff its commercial operations. The strategy is to distribute primarily through the optical retail channel. The company is looking to disrupt the market with its technology aimed at replacing progressive lenses.
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ArticleGoogle and Samsung to release their own smart glasses and platform
Shahram Izadi, Vice President and General Manager of Android XR, introduced Google’s most recent move in smart eyewear at TED earlier this month. Readers might recall the demise, two years ago, of a previous endeavor – Google Glass. Google has been working with Samsung and Qualcomm to develop both a ...
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ArticleDebate on eyeglasses reimbursements heats up again in France
The federation of private health insurances wants to extend their clients’ refund period rights for eyeglass purchases from two to three years. The French opticians association has expressed strong reserves.
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ArticleKering Eyewear revenue growth slows down to 2% in Q1
Kering Eyewear was again a rare bright spot in the results presented earlier this week by French luxury group Kering for the first quarter of 2025. The eyewear unit’s sales were up by 3 percent year-on-year to €476 million or by 2 percent on a comparable basis. However, this marks ...
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ArticleEssilorLuxottica adds price hikes to US tariffs mitigation arsenal, reports strong Q1 performance
The industry leader is planning to increase its prices in the US but mostly counts on its ongoing supply chain diversification and innovation and M&A pipelines to mitigate the impact of US tariffs. Q1 revenue was up by 8 percent at constant rates, driven by the DTC division.
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ArticleThe Vision Council highlights change in US customs tactics, analyzes supply chain scenarios
TVC details the impact of the US administration’s trade policy changes on eyewear supply chains, and sends a delegation to the White House to advocate on behalf of its 500+ members and the eyewear sector at large.
