Latest Headlines – Page 19
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ArticleZEISS appoints SMT unit director as next CEO
Andreas Pecher, head of ZEISS SMT, the largest and fastest growing unit within the group, will become CEO in April 2025.
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ArticleMeta advances Ray-Ban Meta, introduces Orion
The company’s Connect conference for 2024 confirms a devotion to computing through eyewear.
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ArticleSilmo reports slight attendance increase, celebrates Silmo d’Or 30th anniversary
Organizers of SILMO Paris have announced that 32,125 visitors took part in the 2024 edition of the show that took place from Sept. 20 to 23, improving from the 31,337 who came last year and inching up closer to the pre-COVID levels (approximately 35,000). A little over half (52 percent) ...
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ArticleItalian eyewear exports fall in Q2, sector’s full year showing seen in line with 2023
Exports for the half year inched down by 0.3 percent, dragged down by a double-digit drop in the America region.
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ArticleNew alliance in the Middle East optical retail sector
MAGRABI Retail Group, the leading optical retailer in the Middle East region, has announced that it will take over 89 Rivoli Vision stores across the UAE, Qatar, Oman and Bahrain in what was described as a merger and an historic partnership. The alliance of the two multi-brand retailers will expand ...
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ArticlePrice reductions and Southeast Asian competition pressure Arts Optical ODM business
Eyewear manufacturer Arts Optical has reported mixed results for the first half of fiscal 2024. While the topline maintained a high-single digit growth pace, reaching $606 million Hong Kong dollars (€70 m), the group’s key Original Design Manufacturing (ODM) division underperformed. Furthermore, profitability continued to decline at both gross and ...
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ArticleZEISS invests in light field display technology startup with vision care platform in mind
CREAL, a display technology startup based in Switzerland, has announced that ZEISS will license its light field display technology and integrate it into its vision care devices. By replicating real-world light to provide digital imagery with genuine depth, CREAL’s light field 3D display technology enables the digital replication of any ...
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ArticleThe Vision Council reports on ‘Made in the USA’
What the label means and what the public thinks are separate things.
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ArticleLatest Spectacles from Snap not yet a product
The tech is there but the Lenses are not, according to CEO Spiegel.
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ArticleJapanese upmarket retail group JEH shows no signs of slowing down
JEH Holdings, operator of the Kaneko and 999.9 retail chains, posts another strong quarter as inbound tourism keeps boosting sales volumes and average prices.
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ArticleEssilux and Meta announce long-term partnership
EssilorLuxottica and Meta have announced that they will collaborate on the development of multi-generational smart eyewear products into the next decade, building on their Meta Ray-Ban success.
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ArticleMYKITA signs unexpected partnership with an LVMH brand
German eyewear designed brand has announced a partnership on a co-branded sunglasses collection with Rimowa, a brand of French luxury group LVMH, which usually entrusts its eyewear projects to its own eyewear subsidiary.
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ArticleBlenders makes it to ‘Prime Time’
How an insult to a sport rival’s mother resulted in shades selling like hotcakes.
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ArticleSILMO Paris back to cruising speed with an increased focus on new tech
Aiming to raise awareness of new technologies among optical retailers, SILMO Paris 2024 will put an increased focus on its Fururology space.
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ArticleHong Kong-based Icare to open eyewear factory in France
Icare, the eyewear manufacturer based in Hong Kong, is investing over €5 million in the building of a new eyewear factory in France, which will complement its industrial structure that currently includes production sites in China and Cambodia. The new facility will be established in Vendôme, a small city in ...
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ArticleInspecs topline down 5% in H1, rebound expected in H2
Confirming its previous guidance on a business slowdown in the first half of this year, INSPECS Group has announced that its H1 revenue declined by 7.3 percent year-on-year to £103.0 million (€122m). At constant exchange rates, sales were down by 5.2 percent versus H1 2023. Inspecs attributed the sales drop ...
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ArticleRodenstock to repurpose main German site as engineering center and transfer lens production to Czech plant
German-based lens maker has announced the transfer of its lens production from its German site in Regen to its plant in the Czech Republic in the coming months. Regen will be repurposed as engineering and R&D center and its workforce will be halved in the process.
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ArticleSpecsavers profitability keeps declining
Specsavers has seen its profitability decline again in fiscal 2023/24, with its operating margin sliding below the 10 percent mark for the second consecutive year.
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ArticleInnovation, digitization, sustainability and selective retail on 60 year-old Silhouette’s agenda
Silhouette celebrates its 60th company anniversary with product innovations while focusing on qualitative retail distribution, digitization, sustainability and independence.
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