All Legal & Institutional articles – Page 2
-
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 ...
-
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 ...
-
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 ...
-
News briefsMadrid eyeglass subsidy extended to contacts
The Spanish autonomous community of Madrid and the National College of Opticians-Optometrists (CNOO) are broadening the scope of their €55 eyewear subsidy for 14-year-olds, according to Modaengafas. In addition to corrective eyeglasses, the subsidy will now cover their contact lenses. Eduardo Morán, Dean of the college, explains to Modaengafas that ...
-
ArticleFrance social security to partly refund Hoya’s Miyosmart lens
HOYA VISION Care France has announced that Assurance Maladie, the country’s social security body, will partly reimburse the purchase of its myopia management lenses MiYOSMART, on certain conditions. The measure, which will take effect from June 30, follows three years after the Haute Autorité de Santé (HAS), the French ...
-
News briefs
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 ...
-
News briefsSpain planning subsidy for children’s glasses, contacts
The government of Spain – as represented by President Pedro Sánchez and Minister of Health Mónica García – has announced a subsidy of €100 towards the purchase of corrective glasses or contact lenses for children, Moda en gafas and others report. The scheme is part of the Plan Veo (the ...
-
News briefs
French eyewear industry association surveys glasses wearers on the ‘Made in France’ label
Ahead of its annual Manufacture Tour event, LEOO, the association of French optical products manufacturers, has announced the results of a survey on the perception of the Made in France label among glasses wearers in France. Over 1,600 people participated in the survey which was commissioned by Opinion Way, a ...
-
ArticleItaly’s centuries-long eyewear tradition on display in Venice
The first eyeglasses were invented in Italy in the late 13th century and were rudimentary objects, consisting of two convex lenses held together by a rivet and mounted in frames made of wood, leather or bone. They were used to correct presbyopia and lacked the temples that are now a ...
-
News briefs
Spex Pistols shop in Scotland rebrands after legal dispute with punk band
Spex Pistols, a small optical shop in Dundee, Scotland, has changed its name after being legally challenged by lawyers representing the Sex Pistols, the famous British punk band. While the Sex Pistols legal representatives’ objection pertained to the shop’s logo, whose design was allegedly similar to that of the band, ...
-
ArticleItaly’s ANFAO inaugurates ‘Lens of Time’ exhibit
ANFAO, the Italian eyewear association, on May 7 inaugurated the “Lens of Time – The History of Eyewear in Italy” exhibit in Palazzo Flangini in Venice. The exhibit recounts the history of Italian eyewear, stretching over seven centuries from its Medieval origins in Venice to contemporary design. Lorraine Berton, ANFAO ...
-
ArticleDebate on eyeglasses reimbursements heats up again in France
The federation of private health insurances wants to extend their clients’ refund period rights for eyeglass purchases from two to three years. The French opticians association has expressed strong reserves.
-
ArticleAntitrust suit threatens Meta’s revenues, perhaps R&D
After more than four years, the US FTC has gotten Meta into court.
-
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 ...
-
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.
-
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 ...
-
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.
-
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 ...
-
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 ...
-
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.
