Latest Headlines – Page 44
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ArticleNetlens.com to be acquired by a multi-segment e-commerce platform
According to the Swedish trade publication Dagens industri, the assets of Netlens.com, an e-retailer of contact lenses and other products sold in pharmacies, are being acquired by Footway Group, the international operator of eight web stores in 24 markets. They are Caliroots, Solestory, Heppo, Brandosa, Belapadel, Runforest, Sportamore (acquired in ...
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ArticleAlain Afflelou family holding doubles its stake in the group
The Afflelou group announced at the end of last month that Alain Afflelou’s family holding acquired in December 2021 the company stake that was indirectly held by Apax France. Earlier in January, Altamir, a partner company of Apax, had announced that it had sold its shares in the group for ...
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ArticleHoya posts record revenue and profit for Q3
Hoya has reported record-high revenue and operating profit for the third quarter of its financial year, with both the IT and Life Care divisions contributing double-digit sales growth as compared to Q3 2020. In the Life Care business, which includes medical equipment, eyeglass lenses and contact lenses, quarterly revenues were ...
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ArticleInspecs sees FY results in line as acquisitions boost revenue
UK-based Inspecs Group said it expects annual results to be in line with forecasts, as sales rose despite Covid-19 restrictions. The company anticipates revenue of $241 million compared with $47.4 million a year earlier, with its Eschenbach acquisition delivering a positive performance. It added that current trading in its European ...
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Article1-800 Contacts puts new vision tech company into orbit
1-800 Contacts, the U.S. direct-to-consumer contact lens company, has announced the creation of a new company focused on providing technologies and services to third parties in the vision sector. The new entity, called Luna Solutions, operates as a separate company held under a common holding company with 1-800 Contacts. The ...
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ArticleSafilo boosts profitability as sales top pre-pandemic level
Safilo reported a strong improvement in profitability in 2021, with sales exceeding their pre-pandemic level despite faltering in the fourth quarter and as an overhaul of its brand portfolio bore fruit. The Italian eyewear manufacturer’s Ebitda margin jumped to 8.7 percent of sales from breakeven the year earlier and a ...
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ArticleMicrooled is planning an IPO
Microoled, producer of micro-displays, is planning an IPO on the Euronext Growth Paris market. The company announced on Jan. 11 that its registration document had been approved by the AMF, France’s financial markets authority. As we have reported – in a story on one of its clients, the French producer ...
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ArticleEssilux launches new sales program in France
After the launch of a similar initiative in the U.S. and Canada, respectively in 2020 and 2021, EssilorLuxottica is rolling out its EssilorLuxottica 360 program in Europe, starting with France. The objective is to “enrich” Essilor’s Experts program and various existing Luxottica programs and thereby to expedite the expansion of ...
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ArticleJINS tests violet light for myopia management project
JINS, the Tokyo-based optical retail group, is about to launch the second stage of its clinical research on the suppression of myopia progression, in partnership with Tsubota Laboratory, a startup from Keio University, one of the top universities in the country. The project takes its roots in 2011 when JINS ...
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ArticleVision Expo East gears up for first show since 2019
So far about 240 exhibitors have committed to Vision Expo East, whose next edition – the first since 2019 – is scheduled to run from March 31 to April 3 at the Jacob Javits Center in New York City. (The educational program and OptiCon@Vision Expo will be opening on ...
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ArticleSpecsavers announces $100 million investment in Canada
Shortly after the release of its annual results for the 2020/21 fiscal year, Specsavers disclosed further details on its strategy for its development in Canada, a market the group entered last year in May through the acquisition of Image Optometry, an independent chain with a total of 18 directly operated ...
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ArticleNew CEO for HOYA
HOYA Corporation has selected Eichiro Ikeda, currently the group’s chief technology officer (CTO), to be its new chief executive officer as of March 1, in replacement of current CEO Hiroshi Suzuki. Suzuki, who spent more than 20 years at the helm of the Japanese group and delayed his retirement to ...
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ArticleBausch Health files for IPO of its eyecare business
In its quest to split into three publicly traded companies, Bausch Health has filed to make an initial public offering of common shares in the U.S. and most of Canada for its wholly owned subsidiary Bausch + Lomb Corporation. Specifically, it has filed a Registration Statement with the U.S. Securities ...
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ArticleSpecsavers profits doubled in Covid year
After having skipped the publication of its presentation last year at the time of the Covid outbreak, Specsavers has returned to disclosing the annual review of its business, however in a much less detailed format than before. For the financial year ended Feb. 28, 2021, the British-based retail group announced ...
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ArticleU.S. market confirms its rebound in Q3
According to The Vision Council’s most recent VisionWatch report, covering the third quarter of U.S. market, the 12 months preceding September 2021 suggest a solid recovery in eyewear revenues. Sales for the period reached $46.45 billion, up by 24 percent from the comparable period of 2020 and by 6.3 percent ...
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ArticleMojo Vision partners with sports apps
Mojo Vision, a provider of smart contact lenses, has established partnerships with five connected-fitness platforms: Adidas Running, the German sportswear company’s digital-tracking division; Trailforks, a trail-mapping service for cyclists and hikers; Wearable X, provider of smart haptic fitness apparel; Slopes, an iOS, Android and Apple Watch app for skiers and ...
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ArticleTop 5 eyewear companies’ stock prices up 4.6 % in Q4
We are updating here our quarterly chart on the evolution of stock prices for the public companies in the eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. We are also publishing a ranking of these 22 companies based on their stock market value. ...
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ArticleMPG doubles down in retail, taking over 177 Essilux shops
Just a few days after the announcement of an agreement with the Vision Group for the takeover of 174 of their Italian stores, EssilorLuxottica and GrandVision have announced that they have found an acquirer for 177 of their retail locations in the Benelux. Both divestments had been agreed with the ...
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ArticleOcuco invests in myopia treatment IT company
Ocuco – the software producer for optometrists, ophthalmologists, optical offices and optical labs – has purchased a minority share in Ocumetra, an IT firm that produces nine clinical tools for the treatment of myopia. Chief among these is a numerical and graphical suite called Refractogram, with interactive ocular growth charts, ...
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ArticleCarbon-neutral Icare Group gets EcoVadis silver
Icare Group, the OEM eyewear supplier, announced a few weeks ago that it had received a silver rating from EcoVadis, one of the global leading platforms in environmental and ethical certifications for global supply chains. The company said that, with this new CSR achievement, it ranked in the top 25 ...
