Latest Headlines – Page 15
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ArticleKering Eyewear well on track for €1 bn annual revenue mark
Kering Eyewear again overperformed in growth terms during Q3 2022 as compared to its parent company, French luxury group Kering. The eyewear division posted a 23 percent year-on-year comparable growth in the quarter versus 14 percent for the whole group. This also marks an acceleration in revenue growth as eyewear ...
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ArticleJohnson & Johnson Q3 contact lens sales inch up 3.0% as class action litigation settled
Johnson & Johnson saw sales of contact lenses in the third quarter increased by a reported 3.0 percent on the year earlier to $908 million, with a rise at constant-currency rates of 10.8 percent. Growth was driven by a market recovery, price actions and new products like Acuvue Oasys Multifocal ...
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ArticleMixed results for JINS
Japan-based retailer JINS Holdings has posted mixed results for the last quarter of its fiscal year 08/22. Sales were up by 5.1 percent year-on-year to 17 billion Japanese yen (€116m) but the same quarter in the previous year had been particularly low, with revenue down 12 percent versus 08/20, due ...
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ArticleNew owners for Cébé
Bollé Brands has announced the divestment of its Cébé brand, which will be acquired by D.MO/RACER a new entity formed for the occasion. Born in the French Jura region in 1892, Cébé develops a range of outdoor sport products including sunglasses, ski goggles and helmets. The brand, along with Bollé ...
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ArticleBacked by private equity fund, Cosium eyes international expansion
CAPZA, a European private investment fund with €7.4 billion of assets, announced in September the acquisition of a minority stake in NeoX, a newly created entity bringing together a number of tech companies in the medical field, in particular suppliers of practice management software. NeoX was formed around Cosium, the ...
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ArticleFielmann opens subsidiary in France, appoints general manager
Fielmann’s agenda in France seems to be accelerating as the German-based retail group established a subsidiary in the country this summer. The company, whose strategic Vision 2025 plan announced in 2019 calls for the entry of one new country per year, has said that it was keeping an eye on ...
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ArticleStrong stock price variations for eyewear companies in Q3
On a non-weighted average basis, stock prices of publicly listed companies in the eyewear sector went down by 1.3 percent in the quarter to September 30 in an apparent relative recovery from the 17 percent dive reported for the previous quarter. It compares slightly unfavorably with the global MSCI index, ...
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ArticleFast-growing Blickers launches private label
Blickers, one of the fast-growing multibrand online eyewear retailers in Europe, is launching its private label range of sunglasses and optical frames to complement its website offerings and further accelerate its growth. Called 99 Essentials, the collection includes 99 SKUs chosen based on the company’s big data analysis of best-selling ...
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ArticleFrench supermarket chain invests in Sym Optic
Sym Optic, the French supplier of remote refraction exams and optical products, has raised €5 million in new funds from several investors including Les Mousquetaires group, one of the leading retail groups in France, Macif, an insurance company, and three private equity funds. The company said that the new cash ...
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ArticleLeading French buying group evaluates lens suppliers
Along with Galileo Business Consulting, the Centrale des Opticiens (CDO) – which purports to France’s largest buying group for independent opticians – has conducted a survey of its membership to map the lay of the land between opticians and their lens suppliers. The results were released on the occasion of ...
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ArticleGood momentum at Silmo Paris
Silmo Paris closed its doors on Monday afternoon after a well-attended and lively edition that confirmed the post-pandemic rebound of the trade show. Although attendance and exhibiting surface remained lower than in the 2019 edition, with travel restrictions still in place in some regions, they were significantly higher than in ...
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ArticleBollé accelerates in RX
Bollé Brands has announced the launch of a new RX program that will enable its customers in Europe and North America to order its branded eyewear and goggles adapted to their eyesight from the group’s optical network. The new online service includes the brands in the group’s sport and luxury ...
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ArticleUnder new ownership, DEG acquires William Morris
Design Eyewear Group (DEG), the group of designer eyewear brands, has just announced the expansion of its portfolio with the acquisition of William Morris London. DEG said that the investment was one more step in the direction of the group’s target of becoming one of the world’s leading multi-brand suppliers ...
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ArticleNew report puts global ophthalmic lenses and frames’ market at €22 bn
The global market for ophthalmic lenses and frames has recovered well from the impact of the COVID pandemic, according to Mark Mackenzie, co-founder with his wife Ingeborg of Strategy with Vision Management (SWV), an independent optical consultancy and research company started in 2001. This is one of the conclusions that ...
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ArticleU.S. eyecare market insulated from inflation, CLI survey says
Vision Expo West – held on Sept. 14-17 in Las Vegas – previewed the results of a survey on eyecare in times of financial duress. Commissioned by the Contact Lens Institute through its “See Tomorrow” initiative, and conducted on Aug. 9-17, the survey queried 251 contact lens wearers screened from ...
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ArticleArts Optical grows 12%, driven by wholesale and lenses
Eyewear manufacturer Arts Optical has reported a 12 percent year-on-year increase in total sales to HK$580 million (€74 m) for the first half of 2022. As shown in the table below, the distribution unit and the new lens unit largely outperformed the main OEM division, which accounts for over 70 ...
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ArticleMPG prepares for integration of former GrandVision stores
A few months after the Michael Pachleitner Group (MPG) took over 177 stores from GrandVision following the acquisition of the Dutch retail group by EssilorLuxottica, we spoke with Marcel Norbart, the seasoned retail manager that MPG appointed as its Chief of Optical Retail, about the most recent developments. The current ...
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ArticleFrench market up 16% in 2021 with little impact from healthcare reform
The Direction de la recherche, des études, de l’évaluation et des statistiques (Drees), the French administration in charge of national research and statistics, has published earlier this week its annual report on healthcare expenses in the country. According to the agency, the optical market in France jumped by 15.8 percent ...
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ArticleThe Vision Council releases its consumer survey update for Q2
The Vision Council has released its quarterly update for its Consumer inSights research. The report is based on a survey of over 15,000 U.S. adult consumers who answered questions about their vision correction, eye exams and purchases of eyeglasses, contact lenses, readers and sunglasses. We are sharing here a few ...
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ArticleNew myopia control trial results announced at IMC
EssilorLuxottica released an update on its clinical trial for its myopia management lens Essilor Stellest at the International Myopia Conference that took place in Rotterdam a few days ago. The three-year clinical trial, which was conducted together with the Wenzhou Medical University with over 200 children aged 8 to 13, ...
