Latest Headlines

  • Rodenstock_lenses
    Article

    Rodenstock acquires Indo

    2022-05-20T08:41:00Z

    The Rodenstock Group has announced that it was acquiring the Spanish lens manufacturer Indo Optical to further accelerate its regional expansion and gain market share. The acquisition is conditioned to the usual regulatory approvals but is expected to go through and be completed in Q3 2022. The Munich-based company, which ...

  • Zeiss
    Article

    Consumer markets up by 9% in H1 at ZEISS

    2022-05-19T08:46:00Z

    The ZEISS Group has reported a 13 percent year-on-year increase to €770 million in Consumer Markets revenue for the first half of its 2021/22 fiscal year. In constant currencies, sales grew by 9 percent compared to H1 in the previous year. The German-based group does not disclose specific figures for ...

  • Out of
    Article

    Out Of to accelerate optical distribution

    2022-05-19T05:18:00Z

    Out Of has signed a sponsorship deal with Paolo Bettini, the former professional cyclist, who was Olympic champion at the 2004 games in Athens and back-to-back world champion in 2006 and 2007. Bettini will be wearing the brand’s eyewear throughout the 2022 season. The Italian start-up was founded by two ...

  • warby-parker-logo
    Article

    Warby Parker confirms FY outlook after Q1 sales take Omicron hit

    2022-05-18T03:09:00Z

    Warby Parker confirmed its outlook for financial year 2022 after the onset of the Omicron variant negatively impacted revenues for the first quarter ended March 31. Quarterly sales increased by 10.3 percent to $153.2 million but would have been an estimated $15.0 million higher without the negative impact of the ...

  • Menicon
    Article

    Ortho-k and overseas market keep driving Menicon

    2022-05-16T11:55:00Z

    Menicon reported a 16.2 percent year-on-year growth in total revenue for its fiscal year ended March 31, with total net sales reaching 100.2 billion Japanese yen (€743m). The Vision Care division, which accounts for over 90 percent of group revenues, reported a double-digit sales increase, driven by a strong expansion ...

  • National Vision
    Article

    National Vision outlook down, prices up as inflation bites

    2022-05-16T08:15:00Z

    National Vision, the U.S. optical retail group addressing the entry-level segment of the market with its America’s Best and Eyeglass World chain, has downgraded its outlook for the 2022 fiscal year and increased its prices following a decline in both Q1 revenue and income. Quarterly net revenue decreased by 1.2 ...

  • mister-spex-eroeffnung-koeln-10-19-3-scaled
    Article

    Mister Spex Q1 sales up 6% despite flat prescription eyewear business

    2022-05-16T01:40:00Z

    Mister Spex has announced a 6 percent year-on-year increase in revenue for the first quarter of 2022 to €47 million in spite of a strong comparison basis in the previous year and depressed consumer sentiment due to inflation. However, the quarterly revenue growth dropped down from the 13 percent growth ...

  • Synsam
    Article

    Synsam maintains growth pace, ramps up Swedish factory

    2022-05-12T08:45:00Z

    The Synsam Group has reported a 14.7 percent year-on-year sales increase for its first quarter in 2022, with total revenues reaching 1,186 million Swedish crowns (€111.8m). The retailer’s performance was in line with the 14.0 percent growth reported for the previous quarter. Q1 2022 sales were up by 12 percent ...

  • Bausch Health
    Article

    Bausch + Lomb sees 5% organic sales growth in Q1 as IPO wraps up

    2022-05-12T08:45:00Z

    Bausch Health sold 35 million common Bausch + Lomb shares, or a 10.0 percent stake, at a price of $18.00 per share, in an initial public offering yielding gross proceeds of $630 million and valuing its subsidiary at about $6,300 million. Joseph Papa, chairman of Bausch Health and CEO of ...

  • adam-winger-6Yj_VFHjW6M-unsplash
    Article

    Myopia management research updates presented at ARVO

    2022-05-11T05:49:00Z

    Three recent studies by the three main players that have developed myopia management eyeglass lenses were presented at the Association for Research in Vision and Ophthalmology (ARVO) conference earlier this month. Hoya Vision Care has announced results from a six-year study of its MiYoSmart lens, which is based on the ...

  • Hoya
    Article

    Hoya lenses sales up 7% in Q4, margins slightly down

    2022-05-10T06:34:00Z

    HOYA has reported another quarter of record sales and profits at group level, with Q4 FY21 revenues increasing by 12 percent year-on-year to 169.6 billion yen (€1,233m). Both business units contributed double-digit growths in reported terms, partly boosted by currency tailwinds. At constant exchange rates, group sales were up by ...

  • lentesplus_og-image
    Article

    Lentesplus raises $9m for development in LATAM

    2022-05-10T02:53:00Z

    Lentesplus, a Bogota-based company specializing in online retail of contact lenses, raised $9 million last month in order to further expand its footprint in Latin America as well as to accelerate its transition to a vertically-integrated omnichannel business model and to develop its eyeglasses’ catalog. Founded seven years ago by ...

  • Rodenstock
    Article

    Biometric lenses boost Rodenstock sales and profits

    2022-05-09T08:49:00Z

    The Rodenstock Group has announced that its revenues reached €494 million in 2021, exceeding forecasts and growing by 23 percent compared to the previous year. After a difficult year in 2020 because of the COVID-19 impact on optical market, the German group’s sales rebounded about 10 percent over the €450 ...

  • De rigo
    Article

    Strong wholesale and retail rebound for De Rigo in 2021

    2022-05-06T07:07:00Z

    The De Rigo group has announced a solid rebound in both sales and profits for 2021, following a significant revenue drop and a negative net result in 2019 because of the COVID-19 impact on the business. As shown in the table below, the family-owned Italian eyewear company saw its topline ...

  • Safilo
    Article

    European rebound fueled Safilo Q1 growth

    2022-05-05T08:49:00Z

    After having posted a slight decline in net sales for the last quarter of 2021, the Safilo Group resumed its growth trajectory in Q1 2022, posting revenues of €282.6 million, up by 8.4 percent in constant currencies compared to the same period last year. The company stressed that its sales ...

  • marcolin HQ
    Article

    Marcolin builds on 2021 momentum in Q1

    2022-05-03T08:56:00Z

    After bouncing back from the Covid-19 pandemic in 2021, the Marcolin Group built on its recovery in the first quarter of 2022, with sales posting a 19.5 percent year-on-year gain to reach €129.8 million and rising 15.3 percent at constant currency rates. Sales in financial year 2021, for which results ...

  • markus-winkler-IrRbSND5EUc-unsplash
    Article

    Italian eyewear recovery driven by eyeglasses’ frames

    2022-05-03T05:20:00Z

    The 2021 Italian eyewear report by ANFAO published ahead of the Mido show conveyed a sense of relief after a strong rebound of production and exports last year, but also serious concerns for the future, directly and indirectly linked to the war in Ukraine. Italian eyewear production, of which 90 ...

  • Fielmann
    Article

    Fielmann sales up 9% in Q1 despite headwinds

    2022-05-02T05:27:00Z

    During its annual results presentation yesterday, the Fielmann Group confirmed it had reached record external sales of €1.94 million for the full year 2021, as announced in February with its preliminary figures. The company also presented its results for the first quarter of the current year during which the revenue ...

  • fashion12
    Article

    MIDO on the starting blocks

    2022-04-28T11:57:00Z

    After two blank years due to the pandemic, the teams of MIDO are finally on the starting blocks to celebrate the 50th birthday of the show with an in-person edition at the Fiera Milano Rho fairgrounds in Milan from April 30 to May 2. Contrary to other international trade shows ...

  • Magasin Optic 2ooo_Vue extérieure
    Article

    Optic 2000 group just over €1bn in revenue last year

    2022-04-28T01:07:00Z

    Groupement Optic 2000, one of the leading optical retailers in France, has reported a 17 percent year-on-year increase in revenue to €1,010 million for 2021. This includes annual sales of its two optical banners, Optic 2000 and LISSAC, the business of its buying groups, Gadol in France and Optic Swiss ...