Latest News Briefs – Page 7
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News briefs
Charmant partners with Fapi Group in Italy
Charmant Group has announced the signature of an exclusive distribution agreement for Italy with Fapi Group. Initially focusing on the contact lenses’ market, Fapi Group has progressively developed a portfolio of eyeglasses and sunglasses’ brands, most notably through its partnership with Menrad. The Italian company is distributing Charmant’s house brands ...
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News briefs
IOT enters myopia management market
IOT, the Spanish and U.S.-based lens manufacturer, has announced that it was entering the myopia management segment with the launch of MyoLess, a new lens developed to slow down the progression of axial elongation in chidren’s eyes. “The lens incorporates asymmetric positive defocus on the back surface, calibrated to the ...
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News briefs
Inspecs maintains growth pace in Q3
INSPECS Group has announced a 4.6 percent year-on-year increase in revenue to £159.1 million (€182.3 m) for the first nine months of this year. At constant exchange rates, sales increased by 2.4 percent versus the same period in 2022, in line with the 2.3 percent hike announced earlier this year ...
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News briefs
Optical Center CEO investigated for massive money laundering
According to an investigation by Mediapart, a French online news service, Laurent Lévy, CEO and owner of Optical Center, is suspected by the country’s tax authorities of having embezzled approximately €275 million from the group between 2018 and 2022. The executive has reportedly built up a system through which companies ...
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News briefs
Lentechs raises $6 m to develop new multifocal lens’ technology
Lentechs, a U.S. clinical-stage ophthalmic device company focusing on innovative contact lens technology, has completed a $6 million fundraise from Vision Vestments and other financial investors. Lentechs said the funds would be allocated to achieve key clinical research and manufacturing development objectives for APIOC, its line of contact lenses specifically ...
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News briefs
CooperVision gets LEED Gold certificate for Puerto Rico factory
CooperVision has announced that its contact lens factory in Puerto Rico has seen its LEED Silver certification upgraded to the LEED Gold level. The 540,000 square meter plant where the company produces its MyDay and Biofinity products is the second CooperVision manufacturing facility to be certified LEED Gold, after the ...
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News briefs
New director of shows for Vision Expo
The Vision Council, which co-organizes the Vision Expo shows with RX, has announced the promotion of Suzanne Krauss to the position of director of Vision Expo East and Vision Expo West. Krauss has been working for the last 16 years in the industry body as industry relations manager on the ...
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News briefs
Nexeye launching recycled house brand
Benelux retail group Nexeye is launching Ciircle, a new acetate-based eyewear brand made from old glasses and residual waste from production at one of its suppliers’ factory. The group will roll out the collection, which includes 9 unisex designs available in a total of 23 colors, in all its Hans ...
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News briefs
ANFAO unveils restricted substances list, elects new president of lens group
Italian eyewear association ANFAO and its majority-owned certification subsidiary Certottica on Oct. 13 unveiled their first Product Restricted Substances List (PRLS) for eyewear. According to ANFAO, the list will be constantly updated and is meant to be a “clear and effective” handbook covering product conformity parameters in the main international ...
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News briefs
Vision Expo East opts for the Sunshine State
Like many a New Yorker, Vision Expo East will be heading for balmy Florida after about 40 years of activity. Co-owners The Vision Council and RX will be moving the show to Orlando, Florida – specifically to the Orange County Convention Center – after next year’s edition, scheduled for March ...
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News briefs
Johnson & Johnson Q3 contact lens sales rise 4% despite decline in U.S.
Johnson & Johnson generated $928 million in contact lens sales in the third quarter of 2023, up by a reported 2.2 percent compared to the year earlier and 4.0 percent higher at constant currency rates. Growth was driven by the continued strong performance of the Acuvue Oasys 1-Day family of ...
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News briefs
The Vision Council updates Lens Product Desciption Standard
The Vision Council has announced the completion of Version 1.00 of its Lens Product Description Standard (LPDS), a reference industry standard for lens manufacturers to provide technical information on their lenses and lens blanks. The new standard, which was unanimously approved by the U.S. association’s LPDS committee at the recent ...
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News briefs
Opti returns to four-hall lay-out
The organizers of opti have announced that 400 exhibitors have already confirmed their participation for the next edition that will take place in Munich from Jan. 12 to 14 next year. Three months ahead of the event, this marks a significant increase in participation from last year’s show when 307 ...
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News briefs
Alain Afflelou appoints new digital and marketing manager
The Alain Afflelou group has appointed Stéphanie Rozan as its general manager “clients”, a position where she will oversee the retailer’s marketing, communication and digital teams. Rozan is a seasoned executive with previous experiences in marketing, clients relations and omnichannel operations at major French retailers and luxury brands, including Sephora, ...
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News briefs
U.S. DTC eyewear brand gets $75m injection
Pair Eyewear, a U.S.-based direct-to-consumer eyewear brand, has announced the completion of a new funding round through which it raised approximately $75 million. It is the third financing round for the company which has raised a total of $145 million since 2020. The last round was led by Prysm Capital ...
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News briefs
Jimei up 14% in H1
Jimei New Material, the Shenzhen-based manufacturer of acetate sheets, has reported a 13.8 percent year-on-year increase in revenue to RMB 121.2 million (€15.7 m) for the first half of 2023. The company attributed the solid sales increase to a favorable market for acetate glasses and its marketing efforts. In its ...
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News briefs
Kits expands progressive lens output capacity
Canadian-based online optical retailer Kits Eyecare has announced that it was investing in new equipment to expand its manufacturing capacity of progressive lenses by 50 percent by the end of this year. The company says it is operating one of the biggest and most automated optical labs in North America. ...
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News briefs
Coburn appoints two new regional sales managers
Coburn Technologies, the U.S.-based supplier of processing systems and equipment to lens laboratories, has appointed Carla Moncunill as the group’s sales responsible for Europe. The company said that the recruitment would facilitate its expansion in Southern, Western and Central Europe. A mechanical engineer by training, Moncunill has held various R&D, ...
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News briefs
E-commerce in Europe forecast to rebound in 2023
European B2C e-commerce sales increased by 6 percent year-on-year to €899 billion in 2022 according to the annual report of Ecommerce Europe, an association representing over 150,000 companies selling goods and/or services online to consumers in Europe. This marks a deceleration from 2021 when online sales were up by 12 ...