All Legal & Institutional articles – Page 2
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ArticleAntitrust suit threatens Meta’s revenues, perhaps R&D
After more than four years, the US FTC has gotten Meta into court.
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News briefs
International trade sees big week-on-week drop
The freight tracker Vizion (associated with Dun & Bradstreet) has reported a “collapse” in US import bookings from the week of March 24-31 to that of April 1-8. This comes after a “Q1 surge.” In detail: Global 20-foot equivalents (TEUs): down 49 percent Overall US imports: down 64 percent ...
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ArticleUS tariffs turnaround brings the sector some relief but raises questions on spillover effects, 'de-risking' policies
Combined US Import duties on China-origin optical products now range between 152.5 percent and 178 percent, while most other countries’ reciprocal rates have been lowered to the 10 percent baseline rate for 90 days.
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News briefsSpain likely to add eyecare to national health system
Spaniards have come closer to having a right, as El Diario phrases it, to glasses and contact lenses. As Moda en Gafas is also reporting, the lower house of Spain’s legislature, the Congress of Deputies, has voted unanimously in favor of a bill put forth by José Ignacio Garcia (of ...
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ArticleUS administration focus on transshipments calls for higher vigilance on goods’ country of origin
As transshipments have become an increasing focal point of the US trade policy, we have asked The Vision Council experts questions on the notion of ”substantial transformation” of products, which is the basis of the determination of their country of origin under US law, and on possible issues related to “Made in country X” markings.
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News briefs
Former Lenskart franchisees challenge the group’s strategy in court
Former Lenskart Indian franchisees are accusing the company of unfair trade practices and asking for the reopening of their case at the Karnataka high court, in Southwest India, according to The Ken, an Indian business news website. The plaintiffs claim that Lenskart has created unfair competition by switching its business ...
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News briefs
French watchdog finds irregularities at optical shops and hearing aid centers
The Direction Régionale de la Concurrence, de Consommation et de la Répression des Fraudes (DGCCRF) – in other words, the French watchdog for frauds and other infringements to competition and consumption laws – has audited the businesses of 1,300 opticians and hearing aid centers in 2023 and 2024. The agency ...
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ArticleMain eyewear stocks down 7% and supply chains in doubt on US tariffs shock
So-called “reciprocal tariffs” announced by US President Donald Trump have sent global eyewear stocks down. The particularly high rates slapped on China and Southeast Asian countries challenge supply chain adjustments made in the last 2 years. Questions on how US consumers will respond to higher eyewear prices abound.
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News briefs
France moves forward on legal framework for refurbished medical devices
A decree last month in France’s Journal Officiel, the official gazette of the country’s laws and regulations, is laying out the initial legal framework for the refurbishment of consumer medical devices, a category encompassing eyewear frames. The refurbishment of these medical devices at certified facilities as well as informing consumers ...
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News briefs
JEH confirms insider trading regulations breach, announces countermeasures
After an internal investigation, Japan Eyewear Holdings has confirmed that an acquisition of company shares by one of its outside directors, at the time when the group was planning a second shares offering and a change in market category at the Tokyo Stock Exchange, was a violation of the insider ...
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News briefs
Malaysia bans optical devices and contact lenses e-commerce
Malaysia’s Medical Device Authority (MDA) has made a public announcement to inform consumers that the online sale of optical devices and contact lenses is strictly prohibited in the country. These products are categorized as prescribed medical devices and therefore require a prescription and must be provided by a registered optician ...
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ArticleChina, Mexico and beyond; the US optical sector braces for Trump tariff storm
US eyewear industry association takes an in-depth look at the present and potential future US import tariffs and their impact on the sector.
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News briefs
British opticians association partners with Johnson & Johnson on professional training
The Association of British Dispensing Opticians (ABDO) has announced that contact lens maker Johnson & Johnson Vision has become its first Gold CBD Partner. CBD being the acronym for Continuing Professional Development, the partnership is focused on professional training. It includes a series of CPD events, twelve regional sessions and ...
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News briefs
EuromContact elects new president
EuromContact, the European federation of national associations and international contact lens manufacturers, has announced the election of Richard Smith as its President for the next two years, in replacement of Nicoletta Losi who held that position for the past eight years. A seasoned executive with over 25 years of optical ...
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News briefs
ANFAO and other Italian fashion associations sign new support deal with government
The Italian Ministry of Foreign Affairs and International Cooperation (MAECI) signed last week a memorandum of understanding with three Italian industry associations to support the country’s fashion companies in their international expansion by, among other things, enhancing the value of the Made in Italy label and reinforcing the fight against ...
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ArticleUK eye care health sector creates new online hub to predict disease, staffing trends
Britain’s eye care sector has collaborated to create a new online data tool to help providers plan and design future services to deal with the National Health Service’s (NHS) large case backlog. The new hub forecasts the number of people expected to have a wide range of eye diseases and ...
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News briefs
Euromcontact issues factsheet on new EU’s UDI regulation
Euromcontact, the European federation of national associations and international contact lens manufacturers, has published a factsheet on the European Unique Device Identifier (UDI) to help Eye Care Professionals (ECPs) familiarize themselves with the latest regulation changes and their implications as regards to contact lens labeling. The UDI system is part ...
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News briefs
Essilux to launch Nuance in Europe before the US?
In an interview published by Italian newspaper Corriere della Serra last week, Stefano Genco, Global Head of Super Audio and Nuance Audio at EssilorLuxottica, said that the company has obtained the European CE certification for its Nuance hearing-aid glasses, as well as the group’s certification as hearing-aid manufacturer, earlier than ...
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ArticleA look at myopia management in Europe with ECOO
While Asia, and China in particular, remains by far the largest myopia management market globally, the category is gaining traction in Europe at all levels: eye care professionals (ECPs), industry suppliers, health authorities and, perhaps to a lesser extent, the general public. In a written interview with Dr Sylwia Kropacz-Sobkowiak, ...
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ArticleEyecare industry urges UK govt to allow more private sector involvement in primary health provision
Public eyecare in Britain faces a radical shake up with more use of private sector services under potentially controversial plans by the new Labour government to reform the struggling National Health Service (NHS). Industry representatives have put forward proposals in response to Health Secretary Wes Streeting’s call to clinicians across ...
