Latest Headlines – Page 36
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ArticleZeiss Vision Care up double digits in 2021/22
Zeiss Vision Care, the main business unit within the Consumer Markets segment of the ZEISS Group, has reported a double-digit increase in revenue at constant exchange rates for its 2021/22 fiscal year, ended Sept. 30, compared to the previous year, with market share gains in all regions. The company does ...
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ArticleDe Rigo to acquire Rodenstock eyewear division
De Rigo Vision has announced the signature of an agreement to acquire the full ownership of Rodenstock’s eyewear division, a transaction that is scheduled to be completed at the end of second quarter of 2023. The amount of the acquisition was not disclosed. The family-owned Italian group said the investment ...
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ArticleCarl Zeiss Meditec ends year with 15 % topline growth and full order book
Carl Zeiss Meditec has reported annual revenue of €1,903 million for its 2021/22 fiscal year, an increase of 15.5 percent in reported terms and of 13.3 percent at constant exchange rates compared to the previous year. Orders received increased at an even faster pace (27.7 percent in constant currencies) to ...
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ArticleCovid has highlighed the importance of trade fairs
The Covid-19 outbreak demonstrated that digital solutions “on their own” could not replace trade shows canceled due to the pandemic, noted Luca Palermo, the chief executive of Fiera Milano, which manages the Rho exhibition hall as well as exhibition pavilions in Milan and the Allianz MiCo convention center. The Italian ...
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ArticleRecord revenue but lower margins for Cooper
CooperCompanies has reported mixed results for its last fiscal quarter of the year as well as for the full year. While the group’s revenue continued to grow at a double-digit pace year-on-year reaching record levels in both business units, CooperVision (CVI) and CooperSurgical, profit ratios declined significantly. CVI Q4 revenue ...
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ArticleWarby Parker details strategy at Morgan Stanley conference
Warby Parker, represented by its co-founder and co-CEO Dave Gilboa, participated earlier this week in Morgan Stanley Global Consumer & Retail Conference, during which the company detailed some elements of its current business and replied to questions on its future strategy, including on ways to achieve profitability. The U.S. omnichannel ...
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ArticleEyewear companies climb in Deloitte luxury players’ ranking
Along with Thélios and Kering Eyewear, the eyewear subsidiaries of LVMH and Kering, three Italian-based eyewear manufacturers have been listed in the 2022 edition Deloitte’s “Global Powers of Luxury Goods”, an annual report ranking the 100 largest luxury companies in the world. Companies were ranked according to their consolidated sales ...
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ArticleOptiswiss maintains focus on ECPs, innovation and premium products
In an interview with Eyewear Intelligence, Samuel Frei, CEO of Optiswiss, sheds light on how the Swiss-based independent lens maker navigates an increasingly consolidated optical market with a strategy based on a focus on premium products, distribution through independent eyecare professionals (ECPs), state-of-the-art production facilities, investment in new technologies and ...
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ArticleSpain’s optical manufacturers expect a record spring
The Spanish Association of Optical Manufacturers (AEO) is looking forward to strong eyewear sales in spring, as demand for sunglasses rose again in the third quarter, after two years of low inventory renewals. Third-quarter eyewear sales were in fact up by 20 percent overall in volume and by 11 percent ...
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ArticleConsumer sentiment improves in Europe
Consumer sentiment improved slightly in Germany, France and Italy, the three main economies of the European Union, but consumers remain cautious in a difficult economic environment. In December, German consumer sentiment is expected to rise by 1.7 points to -40.2 points from -41.9 points in November, according to the market ...
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ArticleGerman industry association calls for urgent measures to protect SMEs
In a direct address to its national government, German industry association Spectaris is calling for the rapid implementation of a multi-point program to secure the future of healthcare industries in Germany, particularly for small and medium enterprises (SMEs) that are most exposed to the current economic crisis. First and foremost, ...
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ArticleSlight profitability decline for Specsavers in 2021/22 as investments resumed
According to the Specavers group’s official financial filings to the U.K. commerce register, the optical retail giant has seen its operating profits increase marginally to £449 million (€520 m) in the fiscal year ended Feb. 28, 2022, from £445 million (€513 m) in the previous year. However, as total revenue ...
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ArticleMarcolin to invest $250 m in TOM FORD perpetual license
The Estée Lauder Companies (ELC) have announced the acquisition of the TOM FORD in a deal that values the luxury brand at $2.8 billion and also involves the Ermenegildo Zegna Group and Marcolin through long-term license agreements, for fashion products and eyewear products, respectively. The transaction is expected to close ...
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ArticleSynsam keeps double-digit sales’ growth pace but profit ratios decline
Reporting on its performance during the third quarter of 2022, the Synsam Group said that it increased its market share in a weak consumer market, with sales growing double-digits, and that it continued to invest for future growth, which led to a reduction in profit ratios. Total sales were up ...
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ArticleMorel puts focus on direct distribution, brand heritage and CSR
In an interview with Eyewear Intelligence, Amélie Morel, communication director of Morel Lunettes, explained how the family-owned company has taken advantage of the Covid-19 pandemic to accelerate the transformation of its international business, and has reinforced its focus on the brand’s heritage as well as its CSR commitments. A member ...
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ArticleWarby Parker adjusts outlook upwards after beating guidance in Q3
Warby Parker tweaked its guidance for the full year, raising it slightly after achieving third quarter results that were moderately above expectations but maintaining a cautious outlook due to inflation, shifts in consumer demand and lingering Covid-19 pandemic effects. The U.S.-based direct-to-consumer (D2C) company now expects sales for the full ...
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ArticleAfflelou sales up 2 percent for the year despite Q4 slowdown
The Afflelou group has reported a 1.9 percent year-on-year increase in network sales for its fiscal year ended July 31, with low single-digit hikes in its two main markets, France and Spain. The group stressed that the annual growth in sales was achieved in spite of a temporary decline in ...
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ArticleMister Spex maintains guidance after outperforming market in Q3
Mister Spex maintained its guidance for the full year after outperforming the market in the third quarter and despite historically low consumer confidence in its core German market that prompted it to reel in expectations in September. In the third quarter, revenues at the omnichannel retailer increased by 18 percent ...
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ArticleQ3 sales and profits’ decline in Germany weigh on Fielmann results
One week after the announcement of mixed preliminary results for the third quarter and the first nine months of 2022, the Fielmann group has just released more details, in particular for the geographic breakdown of its sales and income. In this article, we only focus on newly published data. As ...
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ArticleEssilor and EssilorLuxottica fined €81 m by French market watchdog, will appeal
L’Autorité de la Concurrence (AC), the French competition authority, has announced yesterday that it was handing a total of €81 million in fines to Essilor International and its parent company EssilorLuxottica for discriminatory practices between April 2009 and December 2020 in France. The Italo-French group immediately replied that it would ...
