Latest News Briefs
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News briefs
Japan market watchdog investigates Ray-Ban and Oakley trade practices
The Japan Fair Trade Commission began an on-site inspection at Luxottica Japan’s headquarters earlier this week, Nikkei Shinbun and other news outlets have reported. The company is reportedly suspected of having fixed resale prices of some Ray-Ban and Oakley products for several years, by asking retailers not to sell them ...
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News briefs
Zoff topline jumps by 21% in Q3
Zoff revenue jumped by 21.2 percent year on year in Q3 to 14.4 billion Japanese yen (€79m), more than doubling in growth pace from the 10.1 percent increase reported for H1. The Japanese-based retail group saw its topline progress by 14.0 percent to ¥38.3 billion (€211m) in the first nine ...
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News briefsFDA approves Topcon’s Omnia four-in-one device
Topcon Healthcare has obtained 510(k) clearance from the US Food and Drug Administration (FDA) for Omnia, a device that performs initial tests in objective refraction, keratometry, tonometry and pachymetry alike. It is now available in the US. The device appears also to be the same TRK-3 Omnia that Topcon released ...
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News briefs
Vuzix highlights pipeline build-up after Q3 revenue drop
Vuzix has reported a 16.2 percent year-on-year drop in revenue to $1.2 million on lower smart glasses and related engineering services sales for the third quarter of fiscal 2025. The net loss in the period narrowed to $7.4 million from $9.2 million in 2024 thanks mostly to declines in selling, ...
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News briefs
Lenskart launches Meller in India
Lenskart has announced that it is launching Meller, the Spanish direct-to-consumer eyewear brand in which it bought an 80 percent stake for €45 million earlier this year, in about 500 of its Indian stores. According to the group, Meller revenue amounted to 2.7 billion rupees (€26.5m) in fiscal 2025 (ended ...
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News briefs
Menicon Q2 vision care sales up 3% on higher supply and price increases
Menicon Q2 vision care unit’s revenue rose by 2.9 percent year on year to 29.1 billion Japanese yen (€162m), accelerating from the 0.6 percent growth reported for the previous quarter. The increase in growth pace was primarily driven by the daily contact lens segment where production bottlenecks are progressively easing. ...
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News briefsMarcolin, New York Tech hold design contest
This month Marcolin and the New York Institute of Technology (New York Tech) conducted what the company calls an “academic-industrial initiative.” Called “Vision Reframed: Designing Eyewear Beyond Boundaries,” the initiative called on students from New York Tech’s departments of architecture, interior design, digital art and design, and medicine (presumably its ...
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News briefs
The Hong Kong International Optical Fair welcomes 12,000 visitors
The Hong Kong International Optical Fair (HKIOF) attracted 12,000 industry professionals from 92 countries during its 33rd edition which took place from Nov. 5 to 7 according to the Hong Kong Trade Development Council (HKTDC) and the Hong Kong Optical Manufacturers Association (HKOMA), its organizers. They were 13,000 last year ...
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News briefs
Jins opens first Vietnam stores
Following the estbalishment of a subsidiary in the country last year, JINS Holdings has announced the opening of its first three stores in Vietnam, all located in Ho Chi Minh City. The first store opened last weekend over a 200 square meter surface in Saigon Centre mall and the two ...
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News briefs
Lenskart shares trade slightly up in stock exchange debut
Following the group’s largely oversubscribed Initial Public Offering (IPO), Lenskart’s shares started trading yesterday morning on two Indian stock exchanges at a unit price of 395 rupees (€3.9), down 1.7 percent from the IPO price. Their value picked up thereafter and seems to have settled at around 410 rupees (€4.0) ...
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News briefs
Alcon and STAAR Surgical amend merger agreement
STAAR Surgical has announced the amendment of its agreement for its acquisition by Alcon, which has been criticized by Broadwood Partners and other shareholders in the California-based refractive surgery company since the initial announcement in August. Among other things, the new agreement allows STAAR Surgical to solicit other third-party bids ...
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News briefs
Topcon Eye Care unit sales dropped in Q2
Sales at Topcon Corporation’s Eye Care division dropped by 10.2 percent to 17.9 billion Japanese yen (€100m) in the quarter ended Sept. 30, following a flattish performance in Q1. For the first six months of the fiscal year, the unit’s topline declined by 2.2 percent in reported terms and by ...
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News briefs
Mondottica partners with DEG for distribution in Germany and Austria
Mondottica Group has appointed Design Eyewear Group (DEG) as new distribution partners in Germany and Austria for its Hackett, Pepe Jeans London, Scotch & Soda and Ted Baker brands. The new agreement follows the bankruptcy of Menrad Group, with which Mondottica was associated in a joint venture for the distribution ...
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News briefsAnother strong quarter at Kits
Kits Eyecare saw a 25.1 percent year-on-year boost in revenues to 52.4 million Canadian dollars (€32.2m) in the third quarter of FY 2025, ended on Sept. 30. Gross profit increased by 31.6 percent to CAD 18.1 million (€11.1m) in value and by 1.7 percentage points to 34.6 percent as a ...
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News briefs
Synsam Group expands Essilux smart glasses distribution with Nuance
Synsam Group has announced that it is starting to distribute Nuance, EssilorLuxottica’s hearing aid glasses, in the Nordic region. The company says the glasses will be available at 150 of its Synsam stores in Sweden by the end of this year and that distribution will be expanded to all Swedish ...
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News briefs
WOF's first ASEAN trade show gathers 5,500 industry professionals
WOF ASEAN Int’l Optics Fair, a trade show by the China Wenzhou International Optics Fair (WOF) group, took place in Bangkok, Thailand, on Oct. 9-11. Organizers have announced that 230 exhibitors and over 5,500 professionals from over 30 countries (including Thailand, Vietnam, Indonesia, Japan, South Korea and Australia) took part ...
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News briefs
Change at the helm of Kering Eyewear in North America
Kering Eyewear promoted Davide Righetto from Deputy Head of North America to Head of North America on Nov. 3. Righetto, who joined Kering Eyewear from Safilo Group 11 years ago, has been focusing on the management and integration into the group of Maui Jim. He will now be overseeing the ...
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News briefs
SILMO announces 2026 eyewear design contest
Aspiring eyewear designers have until June 16, 2026, to send in their projects for the SILMO 2026 Optical Design Contest, whose theme is “seeing tomorrow.” Finalists will be showcased at the next edition of the Paris eyewear trade show, in September of next year. The winner and their school will ...
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News briefsMagic Leap, Google present prototype AI glasses
Magic Leap and Google have just presented – at the ninth annual Future Investment Initiative (FII) in Riyadh, held on Oct. 27-30 – a prototype model of AI glasses that are to serve as a “reference design for the Android XR ecosystem.” Magic Leap is expanding its horizons – from, ...
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News briefs
Meta's Reality Labs almost doubles sales, remains deep in red ink
Revenue for Meta’s Reality Labs, which includes VR headsets and AI smart glasses, jumped by 74.0 percent year over year to $470 million in Q3. It was up 17.8 percent to $1,252 million for the first nine months of the year. During the earnings call, group CFO Susan ...
