Latest Headlines – Page 25
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ArticleFielmann topped sales targets and improved profitability in 2023
Releasing preliminary figures for 2023, Fielmann Group stressed that it exceeded its sales goals and improved its profitability last year thanks to its Vision 2025 plan investments and despite lingering inflation and depressed consumer sentiment. External sales increased by 12 percent year-on-year to €2.27 billion in 2023 after they rose ...
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ArticleNational Vision posts good Q4, transitions out of Walmart partnership
National Vision, the third largest optical retail player in the U.S., has reported Q4 revenue of $500.4 million, up by 8.0 percent year-on-year. The company said that the quarterly growth was primarily driven by a 6.0 percent increase in comparable store sales that reflected both an increase in customer transactions ...
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ArticleTPI aims to solve the “chicken-and-egg” 3D printed eyewear problem
During the recent Mido trade fair in Milan, we stopped at the booth of Tech Print Industries (TPI), a company specialized in the development of technologies for the production of 3D-printed glasses, and had the opportunity to speak with Marc Notenboom, co-founder and chief technology officer. TPI was presenting at ...
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ArticleAfter a good 2023, Atol to accelerate on audition and low-cost banners
French voluntary retail group Atol has announced a 6.3 percent year-on-year increase in company revenue to €455 million for 2023, including €3 million from the sales of hearing aids. The group stressed that last year was a record high both in terms of revenue and growth pace and that it ...
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ArticleBausch + Lomb Q4 contact lens sales inch up 1% amid distribution disruptions
Bausch + Lomb reported contact lens sales of $222 million in the fourth quarter of 2023, up by a reported one percent compared to the year earlier and three percent higher at constant currency rates. This growth was primarily driven by the continued momentum of its Infuse/Ultra One Day daily ...
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ArticleSynsam wraps up another double-digit growth fiscal year
Synsam Group has reported a 7.7 percent year-on-year increase in revenue to 1,479 million Swedish crowns (€132 m) for the last quarter of fiscal 2023, slowing down slightly from the previous quarter when sales rose by 9.9 percent. On an organic basis, excluding acquisitions, currency effects and franchised stores, quarterly ...
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ArticleParis Miki reports Q3 slowdown despite booming sunglass segment
Paris Miki has announced a 2.6 percent year-on-year increase in Q3 revenue to 12,689 million Japanese yen (€78 m), slowing down from the 8.7 percent growth reported for the previous quarter. The Japanese-based retailer’s quarterly revenue uptick was driven by its domestic market where sales rose by 2.8 percent to ...
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ArticleEssilorLuxottica accelerates in Q4 to wrap another record year
After a relative slowdown in the previous quarter, EssilorLuxottica has reported a return to high-single-digit revenue growth for the last quarter of 2023, leading the group to report another record year in terms of revenue, as its topline reached €25,393 million in 2023, up by 3.7 percent in reported terms ...
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ArticleBacked by new financial partner, Opal-Demetz plans more M&A
We have learned at the recent Mido show in Milan that Opal-Demetz, the French company specializing in children’s eyewear, sports eyewear and low-cost frames known as in France a “deuxième paire” (a second pair of eyeglasses, sold at a nominal fee to customers), opened its capital to private equity at ...
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ArticleRodenstock upgrades portfolio, fine-tunes group strategy and synergies
After its participation at the opti show in Munich in January, Rodenstock presented its latest innovations at its booth during the Mido show in Milan, from Feb. 3 to 5. The German-based lens maker introduced this year its new LayR coating, which it describes as an extension of its biometric ...
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ArticleModo begins turnaround of Italia Independent with presentation of spring/summer collection
Modo Group, owner of the Eco and Modo brands, is moving quickly to turn around its latest addition, the Italia Independent brand it acquired only on Sept. 12. Lapo Elkann, the former owner and co-founder of Italia Independent, has agreed to stay on as creative director, and the first collection ...
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ArticleEssilorLuxottica acquires Japanese retail chain
EssilorLuxottica is about to deploy its full-scale vertical-integration business model in Japan. We have learned that the Italo-French group has acquired the business of Washin Optical, a Japanese mid-size optical retailer founded in 1951, through its Luxottica Japan subsidiary. The information has not been officially announced by the group yet, ...
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ArticleKering Eyewear sales surge 35 percent in 2023
Kering Eyewear continues to outperform the other subsidiaries of French luxury goods group Kering, with annual revenues in 2023 jumping by 35 percent to €1,502 million. It was the only unit to post topline growth last year. Currency and scope effects boosted full-year revenues by 25 percent, as ...
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ArticleMIDO drew 40,000 visitors
The 1,200 exhibitors at this year’s MIDO show, held on Feb. 3–5, took up seven pavilions at Fiera Milano Rho and drew some 40,000 visitors – 11 percent more than last year – from about 160 countries, according to the organizers. Also attending were some 400 journalists, who have published ...
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ArticleItaly’s ANFAO, Certottica launch sustainable eyewear certification
The Italian eyewear industry association ANFAO and Certottica, the optical-product certification body in which ANFAO is a shareholder, have launched the first international sustainable eyewear-certification program, to respond to growing demand for sustainable products and to underscore the progress already made by some industry players. The new Certified Sustainable Eyewear ...
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ArticleDe Rigo wholesale and retail up double digits in 2023
De Rigo Group has announced solid revenue growth for both its wholesale and its retail operations in 2023, as the company’s consolidated sales reached €506 million, up by 11.8 percent year-on-year on a reported basis. This is the first time that the topline has exceeded €500 million since 2008, when ...
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ArticleZeiss acquires IP from Mitsui Chemicals
Zeiss Vision Care has acquired a “comprehensive intellectual property (IP) portfolio, including a suite of patents,” from Mitsui Chemicals (MCI), a Japanese company with wide-ranging business lines, among them “vision care materials,” and an R&D department split between synthesis, polymer science and tech for manufacturing processes. Zeiss has not disclosed ...
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ArticleSustained eye care sales growth and IT unit rebound for HOYA in Q3
HOYA CORPORATION has reported another quarter of solid growth in its Life Care business unit, as total revenue went up by 12 percent year-on-year to 133.5 billion Japanese yen (€842m) in reported terms for the quarter ended Dec. 31, 2023. At constant exchange rates, Life Care increased by 6 percent ...
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ArticleItalian eyewear industry cautious on 2024 prospects after exports flatline in H2
The Italian eyewear industry association ANFAO said it remains cautious on sector prospects this year as it released preliminary figures for 2023 showing that Italian eyewear exports grew by 7.6 percent to €5,256 million. The total value of Italian eyewear production rose by 8.4 percent in 2023 to €5,515 million, ...
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