Latest Headlines – Page 5
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ArticleCooper announces strategic review, 5% uptick in annual CVI sales
CooperVision reported Q4 sales of $709.6 million, up 4.6% year-on-year, with growth driven by the Americas region and strong performance from its MyDay contact lens portfolio. CooperCompanies stock price shot up after the group announced that it was conducting a strategic business review, seemingly in response to activist investor pressures.
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ArticleEssilorLuxottica wearables chief steps down
Rocco Basilico, Chief Wearables Officer at EssilorLuxottica, will be leaving the group at the start of next year, Reuters revealed on Monday. The information was confirmed to the press agency by EssilorLuxottica: “After six years supporting our smart eyewear journey, Rocco Basilico has decided to pursue his personal interests outside ...
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ArticleFast-growing Lenskart sees huge whitespace in domestic market
The Indian eyewear retailer’s shares gained ground after reporting robust quarterly performance across key metrics, with revenue growth of 23.9% and improved profitability following its IPO debut last month.
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ArticleMICROOLED smart eyewear business taken over by former CEO and founder
MICROOLED’s former CEO has taken over the company’s smart eyewear brands ActiveLook and Engo to focus exclusively on AR sports glasses, while the French microdisplay manufacturer refocuses on B2B markets including defense and medical equipment and raises more funds.
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ArticleEssilux takes a local approach to the Chinese smart glasses market
EssilorLuxottica is using an existing deal to probe the market for smart eyewear in China, where, as the company tells us, the focus is on Chinese tech and the preferences of Chinese customers. To align its products and marketing accordingly, it appears that Essilux is for now setting aside any ...
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ArticleZEISS leverages vision care synergies in smart eyewear, ophthalmology
ZEISS has announced the creation of a new strategic business unit called ZEISS Extended Reality which, combined with ZEISS Vision Care, will make up the group’s Consumer Markets segment. Established last month, ZEISS Extended Reality will unite in one division the different teams that have been working on extended reality ...
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ArticleNational Vision outlines path to high-single-digit sales growth, margin expansion
National Vision announced plans for high-single-digit sales growth in each of the five years through fiscal year 2030, as it looks to further broaden its focus beyond its traditional cash-paying customer, increase the share of premium products and open 240 new stores. Comparable sales are seen increasing at a mid-single-digit ...
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ArticleInspecs takeover talks extended with current highest bid at £85m
Private equity seems to have an edge in the negotiations but Safilo is reviewing its options. The UK-based eyewear group has also announced a trading update that forecasts a 4 percent decline in annual revenue.
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ArticleAfflelou network sales up 5% in FY2025
Network sales were up mid-single digits in France and Spain, the retailer’s two key markets. Margins also progressed year over year despite increasing and substantial debt-related costs.
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ArticleGlassesUSA.com operator launches multi-brand luxury eyewear webshop
Most large eyewear companies in the luxury segment, save one, partner with the new online shop.
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ArticleStrong Q3 sales growth for Synsam despite Denmark subscriptions slump
Synsam Group revenue returned to double-digit growth in Q3 after a 6.9 percent hike in the previous quarter. Total quarterly sales rose by 11.0 percent year over year to 1,731 million Swedish crowns (€158m), driven by sharp increases in Sweden and Norway (see table). They were up by 12.4 percent ...
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ArticleParis Miki main stakeholder to delist the company through an MBO
The tender offer by the founding family fund values the company at approximately 33 billion yen (€182m). The plan is to restructure the retailer’s domestic and overseas businesses after a decade of revenue stagnation and low or negative profit margins.
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ArticleEssilux backs Stellest 2.0 claims with new peer-reviewed study, joins CCOI
On the heels of the presentation of its new Stellest 2.0 lens at the China International Import Expo in Shanghai last week, EssilorLuxottica has announced the publication of a new peer-reviewed study that supports its claims of higher efficiency in slowing the progression of myopia. The results of the study ...
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ArticleMister Spex resumes store expansion as bottom line takes a lighter shade of red
Mister Spex’s top and bottom line remained on sharply diverging trajectories in Q3 as the embattled German-based retail group continued to execute the strategic turnaround plan it launched about one year ago. The quarter was also marked by the acquisition of four optical stores in Germany. Sales drop, ...
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ArticleAlcon Q3 CL sales grow 6%, sees STAAR deal as attractive but not essential
Alcon generated $707 million in contact lens sales in the third quarter ended Sept. 30, up by 6 percent compared to the year earlier, as growth was driven by product innovation and price increases, partially offset by declines in legacy products. At constant-currency rates, sales were up by 5 percent. ...
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ArticleSolid vision care sales and new SDC global HQ for Mitsui Chemicals group
Mitsui Chemicals has reported revenue of 115.3 billion Japanese yen (€645m) from its broad Life & Healthcare Solutions unit for the first half of its 2025-26 fiscal year ended Sept. 30, down by 0.2 percent from the previous year. Vision care materials are one component of the division, along with ...
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ArticleWarby Parker moderates 2025 sales growth guidance, pitches 'third act' of innovation
Warby Parker said it was entering a “third act” of innovation through artificial intelligence, as it announced that it is also partnering with Samsung for smart glasses after revealing earlier this year that it is working with Google to bring intelligent eyewear to the market. “We believe that Samsung’s innovation ...
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ArticleEssilux makes Stellest smart, expands scope to not yet myopic children
EssilorLuxottica presented its new Essilor Stellest 2.0 lenses at the China International Import Expo in Shanghai last week. The second generation of the myopia management lens delivers higher efficacy in slowing the axial elongation of the eye by generating a stronger optical signal to double the mean power, the group ...
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ArticleFielmann reports higher margins, 4% Q3 sales hike despite Germany slowdown
Fielmann Group consolidated sales amounted to €618 million in Q3, up 3.0 percent year on year and decelerating from the double-digit growth in H1, as its Shopko Optical business in the US has been integrated for more than one year into the group’s accounts. Various dynamics in Europe, ...
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ArticleNational Vision raises guidance again as sales momentum continues in Q3
National Vision raised its guidance for fiscal 2025 for the third time in as many quarters, as revenues from continuing operations in the third quarter increased by 7.9 percent compared to the year earlier to $487.3 million after rising by 7.7 percent in the second quarter and by 5.7 percent ...
