Latest Headlines – Page 46
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ArticleMarcolin back to pre-Covid sales level in key markets
Marcolin has confirmed in Q3 its strong sales recovery since the start of this year, with nine-month revenues jumping by 42.8 percent year-on-year in reported terms to €336.6 million. At constant exchange rates, revenues were up by 47.5 percent as compared to 2021. The growth was driven by the American ...
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ArticleDTC and America drove EssilorLuxottica’s Q3 growth
Reporting its results for the first time since the integration of GrandVision business, consolidated in the accounts since July 1, EssilorLuxottica reported a 33 percent increase in Q3 revenues to €5,473 million as compared to 2019 and in constant currencies. On a comparable basis, total sales in the quarter for ...
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ArticleHoya Q2 sees sales of lenses inch up despite Covid-19 resurgence
Hoya Corporation saw revenues in the second quarter ended September 30 rise by 16 percent compared to the year earlier to 162.6 billion Japanese yen (€1,234.1m-$1,426.7m), with both Life Care and Information Technology segments continuing their recovery despite a resurgence of Covid-19 in some countries and regions. On a constant ...
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ArticleGrandVision reports 10% comparable Q3 growth vs. 2019
GrandVision reported a 2.0 percent year-on-year increase in Q3 revenues to €1,068 million, also representing a 2.3 percent hike as compared to the €1,045 million reported for the pre-pandemic 2019 year. However, on a comparable currency basis, the group’s total quarterly sales grew by 5.8 percent as compared to Q3 ...
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ArticleJINS revenues up 6% for the year, in spite of Q4 drop
JINS Holdings, the Japanese-based retail group, reported a 12.4 percent year-on-year drop in quarterly sales for the last quarter of its financial year ended Aug. 31. The Q4 topline figure declined to 16.2 billion Japanese yen (€122m-$142m) versus Q4 2019, in stark contrast with the 56.2 percent year-on-year jump reported ...
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ArticleMICROOLED partners with urban mobility start-up on smart eyewear
Cosmo Connected, a French start-up company founded in 2015, has announced the launch of Cosmo Vision, its connected glasses designed to replace the use of smartphone for bicycle and motorbike users during their rides. The company, which is led by Romain Afflelou, develops safety solutions for urban mobility such as ...
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ArticleSynsam targets €690-€840 million valuation
Synsam, the leading optical retailer in the Nordics which recently declared its intention to go public, published its Introduction Public Offering (IPO) prospectus yesterday and announced that the first day of trading at the Nasdaq Stockholm stock exchange is scheduled for next Oct. 29. The complete document is available in ...
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ArticleSolid growth for Kering Eyewear in Q3
Kering Eyewear reported total revenues of €168 million for the third quarter of its current fiscal year. Corrected from royalties and intragroup operations, Q3 consolidated sales stood at €138 million, representing a 25 percent increase from the same period last year, and also significantly higher than the €100 million reported ...
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ArticleU.S. market back over 2019 level in Q2
The Vision Council has announced the release of its quarterly VisionWatch research report and disclosed some key figures and trends in the U.S. optical market for the second quarter of 2021. According to the Vision Council’s data, the U.S. eyewear market more than doubled in Q2 as compared to the ...
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ArticleSynsam goes public too
Synsam, the leading optical retailer in the Nordics, has announced its intention to launch an Initial Public Offering (IPO) and start trading shares at the Nasdaq Stockholm stock exchange before the end of the year. The company’s main shareholder since 2014, Theia Holdings, an entity of the international CVC private ...
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ArticleFirst launch and 2-year trial results announced for SightGlass Vision
In conjunction with the commercial launch of the product in the Netherlands, CooperVision released last week the results of the ongoing clinical trial on the performance of its SightGlass Vision lenses in terms of myopia progression reduction after two years of research. The CYPRESS clinical study, as it is called, ...
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ArticleItalia Independent H1 sales jump, losses narrow
The Italia Independent Group saw sales in the first half ended June 30 jump by 272.4 percent compared to the year earlier to reach €9.1 million, as business rebounded and losses narrowed after the company took a hit from Covid-19 lockdowns and the loss of wholesale business due to the ...
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ArticleEssilux launches mandatory public offer for GrandVision shares
EssilorLuxottica and GrandVision jointly announced on Oct. 7 the launch of the recommended mandatory public offer for the purchase by the Italio-French group of all remaining shares in the Dutch retail group’s capital. As already communicated a few weeks ago, the price of the mandatory offer is set at €28.42 ...
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ArticleEyewear industry stock prices up 3.5% in Q3
We are publishing here our quarterly update on the evolution in stock prices of public companies operating in our core eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. As shown in the chart below, the non-weighted average growth for the 22 companies included ...
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ArticleHOYA and Haag-Streit partner in myopia management
HOYA Vision Care and Haag-Streit Diagnostics, a leading manufacturer of ophthalmic instruments and medical equipment, have announced a global partnership in the area of myopia management. Both companies said that the global sales and marketing agreement created a preferred partnership between them to help eye care professionals (ECP) in the ...
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ArticleItalian exports recover faster than expected
ANFAO has brightened its forecast for the Italy’s eyewear industry, as figures for the first half of 2021 are hinting at a brisker-than-expected recovery. As we reported at the time, the association’s president, Giovanni Vitaloni, presented a darker picture at the MIDO trade show back in May, when the pandemic ...
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ArticleGood restart in Paris and new Asian project for Silmo
After a blank year in 2020, Silmo Paris reopened its doors to international exhibitors and visitors from last Sept. 24 to 27 for the first large-scale and in-person eyewear industry event since the Covid-19 pandemic outbreak last year. Although the number of exhibiting companies this year – roughly 500 – ...
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ArticleBollé builds up management team for strategic changes
Bollé Brands has announced a series of key appointments in its management team to support its strategic plan, focusing on the digitization of the business, the RX segment, the brands’ visibility and the company’s social and environmental responsibility. On the digital front, the group launched e-commerce websites for Bollé and ...
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ArticleSustainability: the demo lens challenge (part 2)
While the eyewear industry’s sustainability efforts have mostly focused on the use of eco-friendly or recycled material for the frames so far, the disposal of demo lenses, which end up in landfills for the most part, remains one of the sector’s main issues and still largely untackled because of its ...
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Article1-800 Contacts acquires virtual try-on specialist
1-800 Contacts, the U.S. contact lens specialist, has acquired Ditto, a firm also headquartered in the U.S. that provides virtual try-on systems for eyewear brands and eyewear retailers on- and offline, Vision Monday reports. The terms of the deal, which closed on Aug. 27, 2021, remain under seal, but a ...
