Latest Headlines – Page 6
-
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 ...
-
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, ...
-
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 ...
-
ArticleSafilo reports solid margin gains on mixed regional sales
Safilo Group Q3 sales declined by 2.1 percent to €220.8 million in reported terms, but they were up 2.3 percent at constant rates, in line with their pace during the first half of the year. The difference between the two ratios is explained primarily by the appreciation of the euro ...
-
ArticleUltracheap Blacksheep flagship store to open at Paris’ BHV – except not
Blacksheep, a French-based pure online player selling ultra-low-priced eyewear, is reportedly preparing to open a 200-square-meter shop at the BHV department store in Paris, for what seems to be the brand’s first venture into brick-and-mortal retail. Founded by Pierre Wizman – the French entrepreneur that created Polette, another DTC eyewear ...
-
ArticleLenskart’s 240x earnings valuation raises some eyebrows
Indian eyewear retailer Lenskart’s IPO was oversubscribed 1.70 times after the second trading day, with institutional investors including Singapore’s government and Norway’s pension fund participating in a €710 million offering that values the company at €6.8 billion.
-
ArticleAllsides set to open NY flagship as it expands capacity, fine-tunes scanner technology
Allsides, an Italian 3D scanner startup that is also active in the eyewear sector, is planning to open new scanning centers in the US, Europe and Asia in coming months and is working to fine-tune its technology, which is rooted in the application of artificial intelligence to images. The expansion ...
-
ArticleHOYA reports fast topline growth but lower margins
HOYA Corporation has reported an 8.4 year-on-year increase to 113.2 billion Japanese yen (€634m) in Health Care revenue for the quarter ended Sept. 30 (Q2). At constant exchange rates, the unit’s revenue, which comprises the group’s eyeglass-lens and contact-lens businesses, was up by 6.3 percent versus Q2 FY2024-25. ...
-
ArticleInvestor pressures Inspecs for sum-of-the-parts deal
First Seagull, a Norwegian investor holding a 5.5 percent stake in Inspecs Group, is pressing the UK-based eyewear group to prioritize a sum-of-the-parts divestment of its business in a letter sent to the company’s board on Oct. 24. The move follows the announcement by Inspecs last week that it had ...
-
ArticleMarcolin posts strong Q3 ahead of VSP Vision takeover
Ahead of its planned acquisition by VSP Vision, Marcolin reported a 2.1 percent year-on-year hike in FY 2025 nine-month revenue, after a solid sales rebound in Q3, and slight margin improvements. Europe remains the main market and growth driver for the group, and the business in North America and Asia, ...
-
ArticleBausch + Lomb Q3 contact lens sales rise by 8%, evaluates potential deal with Cooper
Bausch + Lomb reported contact lens sales of $272 million in the first quarter of 2025, up by a reported eight percent compared to the year earlier and six percent higher at constant currency ratee. Growth was underpinned by the company’s daily disposable silicon hydrogel lenses, which posted 24 percent ...
-
ArticleOptiswiss accelerates its international development
Lens manufacturer Optiswiss announced earlier this month the signature of an exclusive franchise partnership agreement with Aynai Optical for the Saudi Arabian market. The company will manufacture and sell Optiswiss lenses, using the Swiss brand’s lens designs in the factory it launched in 2024 and equipped with machines from Schneider ...
-
ArticleAspiring smart-glasses producer raises $250m
The start-up known as Sesame, or Sesame AI, has raised $250 million in Series B funding, according to TechCrunch. The round was led by Spark Capital and Sequoia Capital, with undisclosed other investors taking part. Sesame was founded in 2023 but came to public attention this past February, when it ...
-
ArticlePrivate equity firms look at Inspecs takeover, Safilo too but only for some assets
Inspecs Group confirmed yesterday press reports about two separate unsolicited proposals from private equity firms, “each setting out non-binding possible cash offers alongside the possibility of an alternative offer including unlisted securities to acquire the entire issued and to be issued share capital of Inspecs.” Inspecs stock price takes off ...
-
ArticleKering reports progress in Q3, stresses eyewear is a core asset after beauty unit sale
French luxury group Kering’s eyewear division rebounded nicely in Q3 as sales grew mid-single digits. Addressing speculations that Kering Eyewear might be divested too, following the sale of the beauty business to L’Oréal, Kering management stressed that the unit is a “core” asset in the group’s strategy.
-
ArticleTopcon launches global oculomics platform, bolsters Harmony in Europe
Hardly a week goes by without Topcon Healthcare, a US subsidiary of Japan-based Topcon Corporation, announcing a new acquisition or initiative in the domain of oculomics, i.e. “the blending of big data, artificial intelligence (AI), and ocular imaging to identify retinal biomarkers of systemic disease” by the definition of ...
-
ArticleEye care and telemedicine in France: a case study
We took the opportunity of SILMO 2025 to take a look at the deployment of eye health telemedicine in France by visiting the booths of six companies supplying either teleconsultation or tele-expertise services. Both specialties are aimed at improving access to eye care, particularly in the so-called medical desert areas. ...
-
ArticleModo gets $100m cash injection
House of Modo, the US-Italo group behind the Modo and Eco eyewear brands, has raised $100 million in a minority investment round led by Valiant Asset Management, an alternative credit investment firm focusing on the Western European corporate middle market and established in London in 2023. House of ...
-
ArticleEssilorLuxottica posts record growth in Q3 as wearables boom comes with side benefits
The eyewear giant posted its strongest quarterly revenue performance since the Essilor-Luxottica merger, with wearables contributing over 4 percentage points to growth and helping rebalance wholesale and retail divisions. Side benefits of the smart glasses boom include increased penetration of premium lenses and halo effect on the Ray-Ban brand. Subscription business in EMEA is going strong too.
-
ArticleEssilorLuxottica launches new B2B event with focus on innovations
EssilorLuxottica has announced the launch next year of a new trade event aimed at presenting the sector’s innovations, with a focus on AI wearables, medtech and myopia, to eye care professionals in the US and Europe. Called SWITCH: Vision Innovation Summit by EssilorLuxottica, the event will take place just before ...
