Latest News Briefs – Page 16
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News briefs
EssilorLuxottica expands collaboration with ESSEC through circularity MOOC
EssilorLuxottica is expanding its collaboration on circular economy with the French-based ESSEC business school. The Italo-French eyewear group is one of the three partners, along with L’Oréal and Bouygues, in a new Massive Open Online Course (MOOC) just launched by the school. The 4.5 hour online course, available in French ...
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News briefs
New Look Vision Group launches AI sceening tool under IRIS banner
The New Look Vision Group has partnered with DIAGNOS, a Montreal-based stocklisted artificial intelligence (AI) company focusing on health care, for the development of an AI-powered tool for ocular disease screening. The Canadian-based optical retail group is launching the new tool under its IRIS banner, starting with 20 stores across ...
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News briefs
Thai Optical Group up 11% in Q1
Thai Optical Group (TOG) has reported an 11 percent year-on-year increase in Q1 revenue to 722 million Baht (€19m), driven by the Americas and Europe regions that saw their sales increase by 43 percent and 29 percent respectively. This was partly offset by declining revenue in Africa and the Middle ...
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News briefsBlackfin expands Black Shelter factory tour program
As part of its 50th anniversary celebrations, Italian eyewear brand Blackfin is expanding its Black Shelter factory tour program, which was launched last year. The company said that over 350 international opticians from key European markets will visit its sustainable and futuristic-looking facility, which also serves as its headquarters, in ...
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News briefs
Change at the top of De Rigo holding
The De Rigo Group has announced that Roberto and Giorgio de Rigo have transferred their shares in De Rigo Holding, corresponding to a 50 percent stake in the company, to Ennio de Rigo, their uncle, and Emiliana De Meio who thus become the sole shareholders in both the holding company ...
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News briefs
New Vision Council report looks at eye care journey trends by demographics
A new report just published by the Vision Council looks at how consumers’ eyecare journeys differ across different age groups. Among the key findings of the research, the U.S. industry association noticed that, while they have the highest rate of managed vision care coverage, Gen X consumers are the least ...
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News briefs
Optic 2000 group reports stable revenue for 2022
The Optic 2000 group, one of the leading optical and hearing aids’ retail players in France, has announced that its sales reached €1.2 billion including VAT in 2022. This represents a flattish year-on-year performance against a record comparison basis in 2021. By banner, sales including VAT reached €891 million for ...
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News briefs
Zeiss Consumer Markets business up 3 % in H1
The Zeiss Group has announced an 18 percent year-on-year revenue increase to €4,836 million for the first half of its fiscal year, with all business units growing. The topline increase was largely driven by the group’s semiconductor business where sales jumped by 41 percent versus H1 2021-22. Revenue from the ...
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News briefs
DEG appoints new sales director for North America
The Design Eyewear Group (DEG) has appointed Jason Dopheide as its new vice president of sales at its North American subsidiary. Dopheide is an experienced eyewear executive who previously held sales manager positions in the region for Mondottica USA and Marcolin. Since 2016, he was director of sales of Morel ...
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News briefs
CVI launches new lens-fitting platform for ECPs in Europe
CooperVision has announced that it has launched Visavy, its new digital fitting tool, in the Benelux and Nordic countries. The web-based fitting software is said to enhance the former platform, MyProcornea, by the introduction of new tools to assist eyecare professionnals (ECPs) in the design and selection of CVI’s scleral, ...
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News briefs
Revo enters into brick-and-mortar retail
Revo has announced the opening of its first flagship store in Barcelona, Spain. The store is located in the town’s Gothic Quarter, a famous area with high traffic from international tourists. Shop visitors will be able to browse through the brand’s complete range, including the entire lens collection and most ...
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News briefs
Oculus opens Indian branch
Oculus, the German-based manufacturer of ophthalmic instruments, is opening a subsidiary in India. The new branch will be headed by Srinivasan Seshadrinathan, who has been working with Oculus in the region since 2019, and will work in partnership with KLB Instruments, the company’s distributor in India for more than 30 ...
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News briefs
National Vision posts Q1 revenue increase but margins still down
National Vision has reported its first quarterly revenue increase in more than a year as group sales increased by 6.6 percent year-on-year to $562.4 million in Q1 2023. On a comparable-store basis, sales went up by 3.0 percent versus Q1 2022. Profitability remained however under pressure as the higher eyeglass ...
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News briefs
Italy’s Anfao, unions agree on new labor contract
The Italian eyewear trade association Anfao reached an agreement with trade union representatives on the terms of a new contract affecting the approximately 18,000 workers in Italy’s eyewear industry and covering the 2023-2025 period. The contract foresees a gradual increase in average monthly salaries over the three years, which will ...
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News briefs
Italia Independent Group restructuring approved by court
The Italia Independent Group (IIG) announced that its debt restructuring deal reached with creditors in mid-February has been approved by the court of Ivrea, Italy and extended to creditors who were not parties to the original accord. The debt restructuring agreement foresees that creditors to IIG, the holding company, will ...
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News briefs
Vuzix bullish about smart eyewear adoption by fashion glasses brands
Presenting its Q1 financial results earlier this week, smart glasses manufacturer Vuzix gave an update on the development of its Vuzix Ultralite OEM platform which the company said had an array of customers lining up, across different sectors. These include fashion glasses companies but also companies in the sporting goods, ...
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News briefs
Mirage receives ISO environmental certification
Mirage, the Italian-based company specializing in the production of injection moulded eyewear, has announced that it has obtained ISO 140001:2015 certification for the creation and implementation of an Environmental Management System (EMS). The company said the certification process took three years to be completed. According to ISO’s presentation, the 140001:2015 ...
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News briefs
Kits Eyecare sales up 38 percent in Q1
Canadian-based online retailer KITS Eyecare has announced a 38 percent year-on-year revenue increase to $27.7 million for Q1 2024. The company said that the growth was driven by an increase in eyeglasses shipments, up 46 percent to 67,000 pairs, and strong repeat customer revenue, which rose 19 percent to $16.6 ...
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News briefs
Alcon sees 14% jump in Q1 contact lens sales, expands Plastic Bank partnership
Alcon generated contact lens sales of $615 million in the first quarter ended March 31, up by 14 percent on a constant currency basis compared to the year earlier, reflecting the continued strong performance of silicone hydrogel contact lenses, including the Precision1 and Total product families, alongside price increases. Reported ...
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News briefs
LVMH brings Bulgari eyewear license home
Thélios, the eyewear division of LVMH, has announced the signature of a new eyewear license with Bulgari, also an entity of the French luxury group. The agreement will start on January next year and includes the design, production and distribution of Bulgari-branded eyewear. The announcement was widely expected following the ...
