Latest Headlines – Page 10
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ArticleSynsam posts double-digit Q4 growth, hits record Ebit in full year
The Nordic retail group’s performance was again driven by its spectacles subscription plans whose annual sales increased by 13 percent year on year to account for 53 percent of total group revenue.
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ArticleBausch + Lomb sees double-digit contact lens sales growth, developing biomimetic lens
Bausch + Lomb reported contact lens sales of $247 million in the fourth quarter of 2024, up by 11 percent compared to the year earlier and 13 percent higher at constant currency rates. Growth was driven by the continued strength of its daily disposable silicone hydrogel contact lenses and was ...
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ArticleElectronics blue light specialist steps into eyewear, aims to establish new standards
Partnering with global consumer electronics brands such as Dell, HP or Samsung, Eyesafe has focused until now on devices for its blue light products. The company is now entering the eyewear market in the US with a wholesale and direct-to-consumer approach.
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ArticleEyewear consumers seek value for money, digital channel gains importance but stores resilient
Consumers are still facing a challenging economic situation in Europe and the US, with “value for money” now being the priority for many people purchasing eyewear, according to an analysis of consumer trends in the eyewear markets of the US, Italy, France and Germany carried out by NIQ GfK in ...
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ArticleMenicon modest Q3 growth driven by price revisions
Sales of one-day and monthly contact lenses, as well as lens care products were up mid-single digit, but ortho-k sales dropped in the quarter as competition intensifies in a stagnant Chinese market.
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ArticleMIDO announces 9% attendance increase to 42,000 visitors
The number of visitors from Europe, North Africa and Latin America significantly increased, while North American participation was stable. DEI and sustainability remained in focus.
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ArticleEssilux to ramp up Ray-Ban Meta annual capacity to 10m pairs
Product innovations by EssilorLuxottica, most notably Ray-Ban Meta and to a lesser extent Nuance Audio, were the main focus point during the group’s financial results presentation yesterday. They were also very much at the center of questions by investors in the Q & A session during which Francesco Milleri, Chairman ...
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ArticleEssilorLuxottica ends solid year with Q4 acceleration
Sales were up by 9 percent in the last quarter of 2024 as Ray-Ban Meta, Supreme and a Sunglass rebound provided additional momentum, on top of the group’s usual growth drivers.
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ArticleKering Eyewear reports solid Q4, outperforms group in annual revenue growth and profitability
Kering Eyewear sales were up by 7 percent in Q4 2024 and by 6 percent in the full year. Profitability sligthly declined, mostly due to marketing investments, but was higher than for the whole group.
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ArticleStudy looks at eyewear VTO usage and perception in France and the US
Fitting Box, the industry leader in virtual try-on (VTO) services, has announced that it powered 215 million VTOs last year, up from 143 million in 2023 and 120 million in 2022. Also, the annual number of 3D frames produced by the company – the digital rendering of actual frames – ...
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ArticleDe Rigo sales rise 7% as high-end brands shine
De Rigo Group generated consolidated sales of €536.8 million in 2024, up by a reported 6.8 percent compared to 2023, in a year marked by organic growth and the strong showing of high-end brands. Amid currency headwinds, sales at constant foreign exchange rates rose by10.4 percent. Maurizio Dessolis, executive vice ...
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ArticleItalian eyewear exports edge down in 2024, industry looks to recovery in H2
The value of Italian eyewear exports edged down by 0.6 percent to €5.236 billion in 2024, as the sector showed resilience despite a steep drop in eyewear sales to the US, by far Italy’s largest single market, according to data released by the Italian eyewear association ANFAO. The value of ...
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ArticleHoya reports 5% Health Care Q3 sales uptick, starts myopia control lens trial in the US
HOYA Corporation has reported a 4.4 percent year-on-year increase in Q3 revenue to 139.4 billion Japanese yen (€875m) for its Life Care Business unit, of which the Health Care category (eyeglasses lenses and contact lenses) is the main component. At constant currencies, the division’s topline was up by 2.2 percent ...
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ArticleFlō Optics ready to “disrupt the ophthalmic industry” after $35m cash injection
The Series A funding was led by “leading global entities from the ophthalmic industry,” the company said.
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ArticleOpti hails 2025 success, announces earlier dates for 2026
Over 300 exhibitors and over 21,000 visitors took part in the 2025 edition of the show, organizers have announced.
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ArticleZEISS launches new connected eye care service and screening device
ZEISS Vision Care presented ZEISS EyeCare Network, a digital system connecting opticians and optometrists with ophthalmologists, and ZEISS VISUREF 1000, a new multifontion device at the recent opti trade show in Munich.
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ArticleLaclarée could have commercial autofocals next year, thanks to seed round
The French start-up adds a Chinese shareholder.
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ArticleAmazon enters the prescription eyewear segment in Germany
After years of rumors and speculations, the e-commerce behemoth is entering the prescription eyewear market for good, starting with Germany, where its subsidiary announced earlier this week that it has started selling prescription eyeglasses. Amazon Optics, as the service is branded, is offering on amazon.de a wide selection of branded ...
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ArticleSafilo topline slipped below the €1bn mark in 2024, but margins slightly improved
Reporting preliminary financial results, Safilo Group has announced that its Q4 2024 revenue decreased by 1.6 percent at current rates and by 1.1 percent at constant rates, amounting to approximately €235 million, according to our calculations. The company pointed out that, excluding the residual effect of the Jimmy Choo license ...
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ArticleSeaport-ODLM banks on portfolio diversification to boost export business
On the heels of a new European distribution partnership with Bollé Brands, French-based Seaport-ODLM is adding several brands to its portfolio in 2025 to address new market segments and grow outside its domestic market.
