Inspecs, the British eyewear company has been investing and reorganizing itself in many areas since it took over one year ago the Killine group, an OEM manufacturer based in Macau with factories in China and Vietnam, and a design office in Lisbon, Portugal.
The Bath-based company, which claims to be the first British eyewear company to become fully integrated from design to manufacture has hired new staff in finance, marketing and product development at its headquarters in order to cope with its growth. The management declines to mention specific figures but says the company enjoyed a growth of 130 percent last year, largely because of the inclusion of Killine's business.
Inspecs's management confirms ongoing plans for a public offering but declines to specify a schedule.
Since the takeover of Killine, Inspecs has invested in the extension of its design office in Lisbon, adding 500 square meters, and reorganized its offices in Asia. It has merged its China and Hong Kong units retaining the latter as a showoom and sales office, while finance and logistics are managed by the Macau office.
On the production side, Inspecs has reinforced its capacities in the region by acquiring a strategic stake in another unspecified factory in China for the production of metal frames. It has also increased by 30 percent its production capacity in its Vietnamese Neo handmade and injection acetate unit, which now employs about 500 people. As previously reported, the group also invested last year in a new acetate production facility in Bath for its premium British-made lines, while the 18-karat gold Saville Row frames are being produced in its London Algha Works factory.
The British company now has subsidiaries in the U.S., Portugal, Sweden, Hong Kong, Macao, Hanoi and Zonghsan in China, and it has plan to open more in the near future.
In its branded eyewear segment, Inspecs has just announced the addition of Just Hype, a British-designed youth fashion brand, to its portfolio. Just Hype, which was launched in 2011, has become one of the fastest-growing British brands and already implemented collaborations with several global players such as Coca-Cola or Star Wars and with international celebrities. Inspecs has signed a global license with Just Hype and will be presenting the first collection at Silmo later this year. Further new brand licenses are planned for 2018, says the company, which has also announced multi-year extensions of its O'Neill and CAT licenses.
At the Mido show opening tomorrow, Inspecs will present its first Farah collections. It signed a license with Perry Ellis International last year to develop eyewear lines for this American men's fashion brand (see Eyewear Intelligence Vol. 18 n°12+13). The company will present the new collections on a new stand replicating a full-size Farah store.