Latest News Briefs – Page 7
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News briefs
Safilens initial research shows 85% myopia progression reduction for Delivery Tyro
Safilens has announced the publication of a peer-reviewed article in the Opthalmology and Therapy international scientific journal about the results of a research study on its Delivery Tyro daily disposable contact lenses. The research was conducted for a 12-month period with 241 myopic children aged 14.7 years on average, in ...
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US private equity fund acquires Uvex Group
Warburg Pincus, a US-based global private equity fund, is taking a majority stake in Uvex Group, the German-based company specializing in protective safety and sports equipment. The Winter and Grau families owning Uvex Group until now will retain a significant minority stake in the business, Warburg Pincus announced. The investment ...
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Mia Burton merges with Lipari
Italian eyewear e-commerce company Mia Burton and the Italian optical retailer Lipari announced they were merging to create an omnichannel group with forecast revenues of €23.7 million in 2025. Lipari was founded by Giuseppe Lipari in 1974 and currently has three physical stores, two in Palermo and one in Milan, ...
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New MD at eyes+more for Germany and Austria
Eyes + more, a subsidiary of the nexeye optical retail group, has announced the appointment of Björn Wecker as its new managing director for Germany and Austria. Wecker joins the company from POLO Motorrad und Sportswear (sport gear and apparel) where he served as retail director since 2024. His previous ...
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Bausch + Lomb completes bond issuance and partial refinancing of its debt
Bausch + Lomb confirmed last week the successful completion of the refinancing plans announced a few days before. The contact lens and eye care group said that its Bausch+Lomb Netherlands B.V. and Bausch & Lomb Incorporated subsidiaries have closed the offering of $675 million senior secured floating rate notes maturing ...
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Founder family increase stake in Afflelou to 38%
The family of Alain Afflelou, founder of AFFLELOU, is increasing its share in the group from 29 percent to 38 percent following two separate financial operations. Lion Capital remains the controlling shareholder of the company with a 62 percent stake. In detail, AFFLELOU has placed €50 million in ...
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News briefs
SDC Technologies among investors in flō Optics
SDC Technologies, the specialty coatings subsidiary of Mitsui Chemicals, announced yesterday that is was one of the industry companies that invested earlier this year in flō Optics, an Israel-based startup specializing in the additive manufacturing of lens coatings. As reported then, the $35 million financing round was led by “leading ...
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News briefs
Safilo adds Victoria Beckham to license portfolio
Safilo Group has announced the signing of a new ten-year eyewear license agreement with Victoria Beckham. The partnership includes the design, manufacture and global distribution of Victoria Beckham-branded women optical frames and sunglasses until 2035. The brand was previously licensed to Marchon Eyewear. Originally a member of British pop ...
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Swiss-Benelux merger in the contact lens e-commerce market
Two European contact lens e-commerce companies, Vision Group and LensOnline, are merging into Vision Group Holdings (VGH), a new entity that will “create a unified platform serving millions across multiple European markets,” they have announced. While both companies operate contact lens online shops, their profiles differ in the sense that ...
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News briefs
EssilorLuxottica among TIME 100 most influential companies
EssilorLuxottica was selected by TIME magazine as one of the hundred most influential companies in 2025. The eyewear industry behemoth was included in the “Innovators” list, one of five categories in TIME’s annual ranking along with “Disrupters,” “Leaders,” “Titans” and “Pioneers.” EssilorLuxottica’s inclusion in the list primarily owes to ...
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Afflelou Group launches new banner
Afflelou Group is launching Magic Afflelou, a new retail banner focusing on its Magic private label collection of eyeglasses and sunglasses with interchangeable clip-on fronts. The retail group has opened two stores in France (Nevers and Paris) and more openings are planned in the country and in Spain. According to ...
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News briefs
Safilo keeps buying own shares for “future investment opportunities”
Safilo Group has appointed Keppler Chevreux as broker to implement its latest share buy-back program, which was approved by shareholders a few weeks ago. As reported then, a maximum of 15 million shares, or 3.6 percent of the outstanding shares, and a maximum cash amount of €18 million have been ...
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News briefs
TPG announces two further acquisitions in Germany
The Platform Group (TPG) has completed the previously announced acquisition of a 50.1 percent stake in Beste Aussichten and Karrasch & Nolten, two German optical retail groups totaling 30 stores, and has also announced the acquisition of Freudenhaus Optik Handels, a premium optical retailer with two locations in Munich, and ...
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News briefs
New CEO at ZEISS Vision Care US
ZEISS Vision Care has announced the appointment of Gary Rosenblum to the position of president and CEO of its US subsidiary, in replacement of Jens Boy who has held the role since 2015 and will leave the company at the end of the month. Rosenblum, a senior executive, joins ZEISS ...
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News briefs
VSP Vision reports CSR progress
Releasing its 2024 Social Responsability Report, VSP Vision, Marchon’s mother company, said that it has reached a 53 percent ratio of produced eyewear frames made from sustainable, recycled and biobased materials last year, representing a 61 percent year-on-year increase. The group also stressed that it has switched to fully-recycled demo ...
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News briefs
Bausch + Lomb announces refinancing plans update
Bausch+Lomb Netherlands B.V. and Bausch & Lomb Incorporated have increased the size of their senior secured floating rate notes due 2031 from the initially planned aggregate of €600 million to €675 million, the group has announced. The notes will be sold to investors at a price of 99.5 percent of ...
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News briefs
Google reportedly planning to invest $100m in Gentle Monster
Google is about to invest 145.9 billion Korean won ($100m) in iiCombined, the mother company of South Korean eyewear brand Gentle Monster, according to a press report by The Korea Economic News Daily. Both companies are reportedly in the final negotiation stages for a deal that would give Google a ...
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Industry report ranks Ophthalmic Optics as one of the most promising sectors in Germany
The optics and photonics sector, including ophthalmic optics, is among the most promising industries in Germany according to a research report by FutureManagementGroup that was commissioned by Spectaris, the German industry association for optics, photonics, analytical and medical technologies. Researchers, who analyzed 25 industries with regard to their ...
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Conant invests in Japan production to mitigate US tariffs exposure
Shanghai Conant Optical is planning to invest $54 million in the building of a new automated RX lens production line in Japan through its Asahi-Lite subsidiary, the group said in a statement last month. The new facility will focus on the production and sales of high-end customized lenses and will ...
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News briefs
Kering taps Renault Group leader as new CEO
Luxury group Kering has announced the appointment of Luca de Meo as its new CEO, effective Sept. 15, replacing François-Henri Pinault in this role. De Meo joins the French-based group from Renault Group, where he has been serving as CEO since 2020. The Italian executive has over 30 years of ...
