Latest News Briefs – Page 3
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News briefs
New Chairman at Spectaris
Spectaris, the German industry association for optics and related sectors, has announced the election of André Shulte, CEO of Weinmann Emergency Medical Technology, as its new Chairman. He succeeds Dr. Bernhard Ohnesorge, whose term has ended after two years. Maik Müller, CEO of Nynomix, was elected as the new Deputy ...
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News briefs
Lenskart’s IPO gets approval from India’s financial watch dog
The Securities and Exchange Board of India (SEBI), the country’s financial watch dog has approved Lenskart’s initial public offering (IPO), The Economic Times and other Indian business news outlets have reported. The retail group is now reportedly targeting to go public around mid-November. The company is aiming to raise 2,150 ...
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News briefs
Apple reportedly shifting priorities from headsets to smart glasses
Apple has put the development of a new version of its Vision Pro headset on the back burner to prioritize its AI glasses projects, according to Bloomberg and other sources. The priority shift includes the reassignment of Vision Pro staff to AI glasses development, according to the group’s internal communications. ...
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News briefs
Silmo Paris attendance up 7%
SILMO Paris organizers have announced that 33,358 eyewear industry professionals visited the 2025 edition of the show, which took place from Sept. 26 to 29, representing a 6.5 percent year-on-year increase. Sligthly more than half (52 percent) of visitors came from outside France, meeting over 900 companies at the 75,000 ...
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News briefs
Nexeye appoints Head of Expansion for Austria
Nexeye has appointed Luzia Ludwig as its Head of Expansion, Austria, in support of its objective to increase the number of its eyes + more stores in the country from 11 to 40 within the next three years. Ludwig, a former management consultant, has worked for Pearle Austria earlier in ...
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News briefs
Fukui Optical Association calls industry to unite under new trade show
The Fukui Optical Association and RX (formerly Redd Exhibitions), co-organizers of the IOFT eyewear trade show, are parting ways after the 38th and last edition of the show, held from Oct. 1 to 3 in Tokyo. In recent years, the eyewear exhibition was increasingly diluted in a larger fashion show ...
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News briefsMonopolization lawsuit against Essilux dismissed in New York
US Federal Court Judge Mary Kay Vyskocil, of the Southern District of New York, has dismissed without prejudice a consolidated lawsuit against EssilorLuxottica for anticompetitive practices, as we learn from Reuters. The original lawsuits were filed in 2023. One alleged that Essilux had sought to monopolize two markets: premium eyewear ...
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News briefs
EssilorLuxottica gets myopia management head start in the US with Stellest’s FDA approval
Following the recognition of Stellest as a Breakthrough Device by the Food and Drugs Administration (FDA) in 2021, EssilorLuxottica announced yesterday that the US health regulator has now granted market authorization for its myopia management lens. Stellest, which clinical data showed is slowing down myopia progression by 71 percent on ...
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News briefs
Gentle Monster owner valuation reportedly hits €2bn
According to reports in Pulse and other South Korean business news outlets, IICOMBINED, the Korean group operating the Gentle Monster eyewear brand, has seen its valuation reach 3.3 trillion Korean won (€2bn). The calculation is based on the amount of recent transaction between Chinese private equity firms for a 1.9 ...
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News briefs
Fittingbox launches in-store lens trial tool
Fittingbox, the industry leader in frames virtual try-on own software, is launching Optical Fit Pro, a digital tool aimed at helping in-store customers to select their lenses together under the guidance of the optician. Optical Fit Pro delivers a complete simulation of lens features – from lens thickness and progressive ...
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News briefs
Mondottica adds two luxury streetwear brands to portfolio
Mondottica Group has signed an eyewear license agreement with Off-White and Palm Angels, two luxury streetwear brands owned by Bluestar Alliance. The eyewear group presented its first collections for both brands at the recent Silmo show from Sept. 26 to 29 in Paris. Off-White’s unisex sunglasses and optical collections respectively ...
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News briefs
Quanta completes $20m investment in Vuzix
Vuzix, the US-based manufacturer of smart eyewear and waveguides, announced yesterday that it has received the final tranche of Quanta Computer’s $20 million investment after it met the Taiwanese IT group’s production targets. The initial agreement between the two companies was signed one year ago. ”Our additional investment in Vuzix ...
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News briefs
EU and Indonesia sign free trade deal
After nearly a decade of talks, the European Union and Indonesia have signed a free trade agreement that will eliminate tariffs on most goods. The motivation for reaching this trade deal has increased following the introduction of new US import tariffs earlier this year, which disrupted global trade. The European ...
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News briefsOpenAI reportedly developing smart glasses
According to The Information, OpenAI, the company developing Chat GPT, is considering the launch of smart glasses as part of its broader strategy to develop hardware. The news outlet reported last week that OpenAI has signed a manufacturing partnership with Luxshare, an Apple supplier, to build its first consumer hardware ...
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News briefsArmani’s licenses as big and much more profitable than its core fashion business
Filings by Armani to Italian authorities show that sales of the group’s cosmetics and eyewear products, licensed to L’Oréal and EssilorLuxottica respectively, amounted to approximately €2 billion last year, almost as much as the luxury fashion company’s total revenue, reported at €2.3 billion in an article by Reuters last week. ...
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News briefs
SightGlass Vision launches DOT lenses in the UK
SightGlass Vision, the joint venture between CooperVision and EssilorLuxottica, has announced the launch in the UK of its DOT myopia control lenses. The company says that it will be hosting an introductory webinar on Oct. 15 for eye care professionals in the country. DOT lenses are already distributed in China, ...
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News briefs
BRETT Eyewear appoints global brand and business director
BRETT Eyewear has announced the appointment of Louis Cisti, a former executive at Bollé, Cébé, Spy and Serengeti, as its Global Brand and Business Director to accelerate its international expansion. Founded six years ago by Jean-François Boiteux, also director of Special Eyes, an OEM eyewear company with offices in France ...
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News briefs
SCAD launches eyewear design minor degree program
The Savannah College of Art and Design (SCAD), Georgia, has announced the creation of a new fashion eyewear design minor degree program for the 2025-26 academic year, expanding on its eyewear design course in the previous year of which Marchon Eyewear was a partner. The school stressed that its eyewear ...
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News briefs
PPG Optical launches non-methanol version of its HI-GARD coating
PPG Optical has announced the launch of a non-methanol version of its HI-GARD hard coating for 1.5 standard ophthalmic lenses, due to the toxicity of methanol. The company says that the new product offers the same scratch-resistant protection for plastic lens materials as existing HI-Gard solutions and that it is ...
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News briefs
Mister Spex adds HOYA to its lens portfolio
Mister Spex has announced the expansion of its lens portfolio through a partnership with HOYA on a premium lenses range, including single-vision, progressive and office lenses. The products are now available at the retailer’s 65 stores in Germany and online for its German, Swiss and Austrian customers. As part of ...
