Latest News Briefs

  • News briefs

    Spectaris concerned by German medical technology industry's profitability

    2024-05-27T08:40:00Z

    According to Germany’s Federal Statistical Office data relayed by SPECTARIS, the country’s industry association for optics, photonics, analytical and medical technologies, sales of the German medical technology industry rose by 5.1 percent year-on-year to €40.4 billion in 2023. The increase was driven by exports, whose value went up by approximately ...

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    Silmo Singapore second edition draws in 2,000 visitors

    2024-05-24T08:16:00Z

    SILMO Singapore, the trade show organized by SILMO International and MP Singapore, held its second edition from April 24 to 26 at the Suntec Singapore Exhibition and Convention Centre. Organizers have announced that over 250 international and local brands welcomed nearly 2,000 visitors during the three days of the show, ...

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    Hoya Vision Care partners with EAOO on optometry education

    2024-05-23T09:07:00Z

    HOYA Vision Care has announced the launch of a new partnership with the European Academy of Optometry and Optics (EAOO). The objective of the agreement is to provide educational contents in the field of optometry and myopia management to EAOO members but also to non-members in some cases. The collaboration ...

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    WOF 2024 attracts 20,000 visitors

    2024-05-23T09:07:00Z

    Organizers of the 22nd edition of the China Wenzhou International Optics Fair (WOF) have announced that over 700 exhibitors and 20,000 visitiors, including 2,000 overseas buyers, took part in the 22nd edition of the show from May 10 to 12 at the Wenzhou International Convention and Exhibition Center. This marks ...

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    ECOO adds two new members

    2024-05-17T07:26:00Z

    The European Council of Optometry and Optics (ECOO), the umbrella organization for European eye care professionals’ (ECPs) national associations, has announced that two new members were joining its ranks. The two new members are the Fédération Nationale des Opticiens de France (FNOF) and the Panhellenic Union of Opticians and Optometrists ...

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    Alcon Q1 contact lens sales rise 9%

    2024-05-15T08:12:00Z

    Alcon generated sales of contact lenses of $671 million in the first quarter of 2024, up by a reported nine percent compared to the year earlier, as the company highlighted price increases and product innovation, including in its toric and multifocal modalities. These factors were partially offset by currency headwinds, ...

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    Nexeye acquired for less than €500 million, 3i annual results show

    2024-05-15T08:12:00Z

    As reported at the end of last month, global investment firm KKR will acquire Nexeye, which runs the Hans Anders, Eyes + More and Direkt Optik retail chains, from 3i, another financial investor that owned the company since 2017. In its financial results for FY2024, ended March 31, 2024, 3i ...

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    New president for UK’s ABDO

    2024-05-15T07:37:00Z

    The Association of British Dispensing Opticians (ABDO) has announced that Kevin Gutsell, a longtime board member of the association, has become its new president, succeeding Daryl Newsome who held the position for the last two years. Gutsell qualified as a dispensing optician in 1987 and, after a decade working in ...

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    iVision Tech sales rise 10% in Q1

    2024-05-15T07:37:00Z

    Italian eyewear supplier iVision Tech generated sales of €2.44 million in the first quarter of 2024, up by 9.9 percent compared to the year earlier, while the total value of production grew by 22.9 percent to €3.23 million. First-quarter Ebitda grew by 10.4 percent to €0.51 million. Net financial debt ...

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    TOG aims for double-digit revenue growth and entry into new markets in 2024

    2024-05-15T07:35:00Z

    Thai Optical Group has reported a 23 percent year-on-year increase in revenue to 889 million Thai Baht (€22.4m) for the first quarter of 2024. The topline momentum was driven by the Americas (+41 percent) and the Asia-Pacific (+37 percent) regions while Europe was flattish (+1 percent) and Australia/New Zealand slightly ...

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    Fielmann expands global supply chain top management with new appointment

    2024-05-13T07:45:00Z

    Pascal Elsener, formerly president of EMEA and India at Satisloh, has been appointed as vice president of global supply chain at Fielmann Group. The German-based retail group said that the position was a newly created role as part of the ongoing transformation of its manufacturing and logistics organization. Elsener ...

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    Zeiss expands Innovation Hub in Dresden

    2024-05-13T01:56:00Z

    ZEISS announced that it was expanding its Innovation Hub located in Dresden, Germany, during an opening ceremony last week. The group’s Innovation Hub’s twelve employees will share the 700 square meter site with teams from ZEISS Microscopy. The aim of the Dresden Innovation Hub team is to identify new technologies, ...

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    Ongoing investment talks reportedly value Lenskart at $5 billion

    2024-05-13T01:55:00Z

    Temasek and Fidelity, two private equity funds are close to invest $200 million in Lenskart through a secondary share transaction that would value the Indian-based optical retail group at approximately $5 bn, The Economic Times reports. Singapore-based Temasek already owns an estimated 5 percent share in Lenskart but US-based Fidelity ...

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    Vuzix losses stabilize in Q2 despite 50 percent revenue drop

    2024-05-13T01:55:00Z

    Smart eyewear manufacturer Vuzix has reported a 52.2 percent year-on-year decrease in total revenue for Q1 2024, mostly due to a drop in product sales and in particular the company’s M400 smart glasses. However, sharp reductions in R&D investments, marketing and administrative expenses resulted in the stabilization of the group’s ...

  • Kits
    News briefs

    Record sales and positive net income during Q1 at Kits

    2024-05-12T06:24:00Z

    First-quarter revenues attained a record $34.8 million at Kits Eyecare, rising 26 percent from the $27.7 million of Q1 2023. The Canadian firm ascribes the rise to “strong repeat customer revenue in both contact lens and eyeglasses, higher average order value and a growth in repeat eyeglass customers.” Gross profit ...

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    Safilo's Iberia and Greece manager responsibilities expanded to France and Benelux

    2024-05-09T01:07:00Z

    Safilo Group has announced the promotion of Pedro Rubio Hidalgo to the position of senior commercial head for Iberia, Greece, France and Benelux. Rubio Hidalgo joined the group in 2014 as general manager for Spain and Portugal and the scope of his responsabilities was expanded to include Greece in 2019. ...

  • Walmart
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    Walmart Health and Virtual Care to close

    2024-05-07T06:35:00Z

    Walmart is closing down Walmart Health, with its 51 centers in five US states, and Walmart Health Virtual Care, the online operation. The business was inaugurated five years ago, in 2019. “There is not a sustainable business model for us to continue,” the company says in its press release,” because ...

  • Marcolin Headquarters
    News briefs

    Marcolin signs K-Way eyewear license

    2024-05-07T06:35:00Z

    Marcolin has secured a license for the design, production and worldwide distribution of K-Way sunglasses, optical frames, ski goggles and eyewear for children. The deal goes into effect on Jan. 1, 2025, and will run through Dec. 31, 2030. The first productions will belong to the SS25 eyewear collection. These ...

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    EssilorLuxottica confirms but downplays interest in Marcolin

    2024-05-03T10:30:00Z

    Replying to a shareholder’s question during EssilorLuxottica’s general assembly on April 30, 2024, Francesco Milleri, CEO, confirmed that the group was part of the discussions on the take-over of Marcolin. However, he commented that the potential acquisition was not a “strategic part” for EssilorLuxottica, and not only because the group’s ...

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    Eyewish has a new managing director

    2024-05-03T07:06:00Z

    Danny van der Voorden has been appointed general manager of Eye Wish Opticiens, the Dutch retail chain of Michael Pachleitner Group (MPG). A seasoned executive, van der Voorden boasts almost 20 years of experience in the optical industry during which he held senior management positions at GrandVision, OptiTrade, Ace & ...