Latest Headlines – Page 47
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ArticleMister Spex earmarks IPO cash for growth as H1 sales rise 25%
German-based omnichannel retailer Mister Spex has reported a 25 percent rise in first-half revenue to €101 million and said it was earmarking at least half of its IPO raising to fund growth. First-half sales in Germany rose 26 percent to €71m, while internationally they were up 24 percent to €29.3m. ...
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ArticleBrand heritage and international expansion drive Revo growth
Revo, the American brand of high-end polarized sunglasses, is launching Revo Black, a new collection showcasing the brand’s latest developments in both lens and frame technologies. The new range includes three concepts – one featuring a carbon fiber frame, one with a titanium wire frame for the lightest Revo sunglass ...
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ArticleNew investor and strategic focus on Asia for FittingBox
FittingBox, the French-based provider of virtual try on (VTO) systems and other digital solutions, just announced that JINS, the fast-growing Japanese retail chain, had become a shareholder of the company. The investment by JINS allowed earlier financial investors, mainly French venture capital funds Kreaxi and LBO France that have been ...
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ArticleShift in the financing of optical expenses in France
The Direction de la recherche, des études, de l’évaluation et des statistiques (Drees), the French administration in charge of national research and statistics, released last week its annual report on healthcare expenses in the country. According to the DREES, the optical market in France decreased by 7.3 percent year-on-year to ...
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ArticleDaTE participation up 50% vs. 2020
The last edition of the DaTE trade fair, which was held in Florence, Italy, from Sept. 11 to 13, brought a feeling of recovery of the international market as compared to the 2020 show when the Covid-19 vaccination campaign was yet to start. A total of 90 companies showcased their ...
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ArticleNew owners for Maison JEAN-FRANÇOIS REY
Jean-François Rey, founder and CEO of Maison JEAN-FRANÇOIS REY, has decided to hand over the control of his company as well as his executive responsibilities to a Franco-German trio of seasoned eyewear managers, Walter Pirinoli, Dan Levi and Ralf Kmoch who have acquired a third of the company’s capital each. ...
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ArticleWarby Parker unveils growth strategy
Just a few weeks after filing its IPO registration documents to the U.S. Securities and Exchange Commission (SEC) in which the company disclosed its financial results for the past three years, Warby Parker released an online presentation for investors. During the two-hour long pre-recorded video, founders and co-CEOs Neil Blumenthal ...
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ArticleFacebook and Ray-Ban launch their first smart eyewear
About a year after they first announced their partnership, Facebook and Ray-Ban presented last Thursday their first range of smart glasses, called Ray-Ban Stories. Based on the most popular Ray-Ban designs, including the iconic Wayfarer and Wayfarer Large, and available in five color variations, the Ray-Ban Stories embark an optimized ...
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ArticleInspecs eyes new buys as H1 profits, revenue surge
British eyewear designer and lens manufacturer Inspecs is on the hunt for new acquisitions after a surge in interim revenue and core earnings driven by the first full contribution from its German Eschenbach division. Revenues soared to $125.7 million for the six months to June 30, up from $16.7m a ...
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ArticleHawkers opens 1st Spanish factory
Hawkers Group, a Spanish-based brand of sunglasses, has announced last week the launch of a new collection of sunglasses Made in Spain, following the opening in February of its first factory in Spain, located at its headquarters of Elche, near Alicante. The group addresses the entry level segment of the ...
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ArticleSustainability: the demo lenses’ challenge (part 1)
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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ArticleINVISION FIT 3D-centering platform adds value to ECP services
HORIZONS OPTICAL, the Spanish-based provider of lens designs, coatings and services for the ophthalmic lab will be showcasing INVISION FIT, its new 3D-centering system, at the next Silmo show in Paris from Sept. 24 to 27 (Hall 5a Stand H032). The platform was initially presented during the last digital edition ...
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ArticleFast-growing Cooper gears up for MiSight launch
Cooper Companies reported a 32 percent year-on-year revenue increase for the third quarter of its current financial year to a total of $763 million with a solid performance in both its CooperVision and CooperSurgical divisions, which respectively grew by 24 percent to $557.5 million and by 60 percent to $205.9 ...
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ArticleKits sales up 21%, ramps up eyeglass business
Kits Eyecare, a Canadian-based online retailer of contact lenses, eyeglasses and sunglasses that went public at the start of this year, reported a 21 percent year-on-year increase in H1 revenues to $42.1 million. On a constant currency basis, total sales went up by 28 percent as compared to the same ...
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ArticleMarchon on track for a record year
Unlike other major players in the eyewear industry that are public listed, Marchon Eyewear is not publishing its results but Nicola Zotta, CEO of the U.S. eyewear manufacturer, agreed to share some information with Eyewear Intelligence on the company’s performance and projects. While Marchon was slowed down in 2020 by ...
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ArticleWarby Parker releases sales and profit figures ahead of IPO
Warby Parker, the U.S. omnichannel retailer, announced last week that it has filed a registration with the Securities and Exchange Commission (SEC) for its future Initial Public Offering (IPO) on the New York stock exchange. The registration document, which can be found here, shows that, although its revenues grew quickly ...
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ArticleFielmann sees Q2 sales surge, confirms FY outlook
Fielmann saw external sales in its second quarter, ended June 30, rise by 56 percent to €474.9 million and group sales jump 60 percent to €407.7 million. The retail group enjoyed growth in all major markets thanks to the ongoing rollout of its omnichannel platform, an economic recovery fueled by ...
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ArticleVSP Global explores the future of the eye-as-a-tool
VSP Global has released ”The Future of Personal Performance Report”, a new research in collaboration with the market intelligence platform CB Insights. The report identifies five key-trends showing innovation opportunities as consumers pay more and more attention to their well-being and try to improve their overall performance. Among these five ...
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ArticleGrandVision close to full Covid recovery in Q2
For its first results’ presentation since the takeover by EssilorLuxottica on July 1, GrandVision reported a strong rebound in both revenues and profits as compared to last year but fell short of returning to pre-pandemic levels. The recovery was driven by the easing of Covid-related restrictions in most countries, continuing ...
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ArticleSafilo accelerates in Q2
Safilo Group confirmed its recovery during the presentation of its Q2 results that showed an acceleration in the company’s sales growth from the previous quarter, driven by the U.S. and China, Smith, its prescription eyewear business and e-commerce. The Italian company also significantly increased its operating profitability thanks to the ...
