Latest Headlines – Page 18
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ArticleEssilux backs chief strategy officer Leonardo Maria Del Vecchio amid hacking probe
EssilorLuxottica has expressed its support for Leonardo Maria Del Vecchio, its chief strategy officer and the son of the late founder of Luxottica, amid a probe that has seen four individuals placed under arrest and Del Vecchio and dozens of others being investigated by the Milan public prosecutor’s office for ...
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ArticleHOYA Life Care business returns to growth in Q2, confirming IT incident recovery
Hoya Life Care unit sales increased by 2.2 percent at constant rates in fiscal Q2, driven by ophthalmic lenses and contact lenses.
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ArticleSolid organic growth and US acquisitions keep Fielmann in double-digit growth gear
International markets have come to account for over a third of the German-based optical retail group. The US is already the second-largest market for the group, with annual sales projected at over €250 million.
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ArticleTopcon reports slight eye care sales hike, invests in Ocumetra
The Japanese-based group sales inched up by 0.8 percent at constant rates, driven by major optical chains in North America and Europe. It is also investing in the myopia management segment through a strategic partnership with Ocumetra.
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ArticleZeiss Vision Care to cut production, staff at German plant
Rising costs appear to be hurting German competitiveness.
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ArticleJapanese optical retail chain goes public
Zoff, a Japanese retail chain with approximately 300 stores, went public earler this month. The company anticipates a 9 percent year-on-year revenue growth in 2024.
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ArticleZenni, Eyebot using automation to remove eye-test obstacles
The companies have teamed up to field eye-scanning kiosks.
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ArticleFrench opticians’ association challenges health insurances’ proxy on optical network tender call
The Rassemblement des Opticiens de France (ROF) points at some possible irregularities, both in terms of commercial relations and of personal data protection, in the last tender call by Santéclair for French opticians to join its optical network. The dispute illustrates one specificity of the French optical market.
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ArticleApple to turn AirPods into hearing aids
This autumn, Apple will be releasing a software update that will turn the AirPods Pro 2 into a pair of hearing aids and a little more. According to the company, AirPods, with their in-ear seal and noise cancellation, can perform hearing tests in combination with an iPhone or iPad. For ...
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ArticleDespite a slight slowdown in Q3, Kering Eyewear remains a bright spot for the group
Reporting a 4 percent increase in Q3 sales, Kering Eyewear again largely outperformed the whole Kering group, whose topline double-digit decline further accelerated.
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ArticleiVisionTech diversifies into auto sector with purchase of 45% stake in Molex Zetronic
OEM eyewear maker is continuing to diversify its activities by investing in the producer of electronic components for the automotive sector. There may also be some synergies in the domain of smart glasses.
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ArticleEssilux Q3 topline up 2% as EMEA and APAC slow down slightly
EssilorLuxottica Q3 sales were up by 4 percent year-on-year to €6.4 billion with innovations in lenses and smart eyewear contributing significantly.
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ArticleJINS revenue up double digit in FY 2024, driven by price mix
Japanese retailer posts 13.3 percent revenue hike for fiscal FY 2024 as the topline was boosted by a signicifant increase in average eyeglasses price.
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Article100% Optical trade show changes hands
Media 10, organizer of the 100% Optical trade show in London since 2014, has announced the sale of the event to CloserStill Media, another UK-based event organizer. CloserStill Media runs over 100 business-to-business events in and outside the UK across several sectors including business technologies, transport and infrastructure, and healthcare. ...
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ArticleIndustry stocks inched up in Q3, driven by contact lens companies
The share price of stock-listed eyewear companies increased by 1.5 percent in the three-month period ended Sept. 30, underperforming the MSCI World Index which includes 1,500 companies worldwide across different sectors and grew by 6.7 percent. As usual, however, our quarterly eyewear industry-specific average is calculated on a non-weighted average ...
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Article“The last thing we want to be is a product for geeks,” Morrow Eyewear CEO
Morrow Eyewear just launched the third generation of its liquid crystal multifocal glasses. CEO Frederiek Ysebaert explains the recent upgrades and discusses the startup’s mid-term roadmap in terms of product development and distribution.
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ArticleNikon stock value jumps on Essilux 5% stake news
Nikon Corporation stock price increased significantly after official filings revealed that EssilorLuxottica, its long-time partner in ophthalmic lenses, had increased its stake in the company to 5.1 percent.
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ArticleA look at tele-medicine services, new lenses and measurement tools presented at Silmo 2024
The increasing footprint of tele-medicine in our sector was reflected in the growing number of suppliers showcasing their equipment and services at the Silmo Paris show, whose 2024 edition took place at the end of September. We report in this article on the main players present, mostly French companies: - ...
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ArticleItalian eyewear industry “strong and resilient” amid market slowdown
Italy’s eyewear industry has seen signs of a slowdown this year, but it is holding up remarkably well. That is clear in Belluno in Italy’s Veneto region, at the heart of the country’s eyewear production district, where factories are operating at full capacity and looking to grow. Lorraine Berton, the ...
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ArticleHakim Group maintained strong momentum in 2023
Group revenue jumped by 40 percent in 2023, in line with the previous year’s pace, despite fewer acquisitions.
