Latest Headlines – Page 37
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ArticleMarcolin confirms sales momentum, margins’ consolidation in Q3
The Marcolin group has confirmed in the third quarter the positive revenue trend observed since the start of the year, with Q3 sales increasing by 24.3 percent year-on-year to €126 million in reported terms. For the first nine months of the year, the company’s topline has reached €410 million up ...
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ArticleSafilo maintains growth pace, except in the U.S., improves margins
The Safilo Group has reported a 14.9 percent year-on-year revenue increase to €260.4 million for the third quarter of the current fiscal year, as a 5.6 percent rise in organic sales was further boosted by favorable currency effects linked to the strong U.S. dollar. Organic sales include the group’s proprietary ...
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ArticleEquipment suppliers discuss future of lens manufacturing at Lenskart’s event
Lenskart, the Indian-based optical retail group, has hosted a series of events throughout the month of October on a new platform called Vision for Billion, whose name reflects the company’s ambition to “reach” a billion eyes in the future. One of the events on the program was a panel ...
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ArticleFielmann sticks to long-term plan as headwinds pressure sales and profits
According to preliminary figures released yesterday ahead of its third quarter report slated for next week, Fielmann has reported flat year-on-year sales and a significant drop in profit ratios. The German-based group explained that it was facing particularly strong macroeconomic headwinds, particularly in its domestic market where consumer sentiment stands ...
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ArticleNational Vision releases sustainability report
National Vision, the third largest optical retailer in the U.S., has just released its 2021 sustainability report, called “A World Worth Seeing”. The full report, which presents the group’s activities and progress in four different CSR areas (social, employees, environment and governance), can be downloaded on the company’s website. We ...
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ArticleSkugga to launch new financing rounds to accelerate development
In the wake of Skugga’s recent Silmo d’Or award in the technological innovation and connected products’ category, we spoke with Mikael Eriksson, the Swedish-based company’s CEO and one of the main shareholders along with his brothers Daniel Eriksson, Jonas Eriksson and partner Fredrik Hanson. The brothers initially started off with ...
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ArticleHOYA posts 10% lenses’ revenue hike in Q2, launches private label CLs
HOYA CORPORATION has reported another record quarter in terms of both revenues and profit as strong currency headwinds and a solid performance in its Life Care business more than offset negative results in its IT division. The Japanese group reported a 19.9 percent year-on-year increase in sales for Life Care ...
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ArticleECOO addresses myopia management and digital eye care
The European Council of Optometry and Optics (ECOO), the umbrella organization for 21 eye care professionals’ (ECPs) national associations, has addressed two currently hot industry topics in a position paper on myopia management and a statement on the digital future of eye health care services. In publishing “Myopia management: a ...
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ArticleEssilorLuxottica revenue up 8.2 % in Q3
EssilorLuxottica reported revenue of €6,394 million in Q2 2022, up by 17.0 percent from the same period last year. On a comparable basis, both in terms of business scope and currency, the topline was up by 8.2 percent marking a slight acceleration from the 7.0 percent growth posted in Q2. ...
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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 ...
