All News briefs articles – Page 10
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News briefs
Paris Miki revenue down in Q3 as prescription eyewear volumes decline
Paris Miki’s revenue inched down by 0.6 percent year-on-year to 12,610 million Japanese yen (€79.8m) in the third quarter of fiscal 2024/25. Domestic sales, which account for approximately 90 percent of the Japanese-based retailer were down by 0.5 percent in reported terms and by 2.1 percent on a comparable-store basis. ...
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News briefs
Eyes + More targets small and medium-sized German cities to grow network
In a first major move since the company was acquired by investment fund KKR last year, Nexeye has announced plans to open 150 new Eyes + More stores in Germany in the next four years, with 30 openings scheduled before the end of 2025. Nexeye said that it was planning ...
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News briefs
Indian grapevine abuzz with $10bn valuation for Lenskart ahead of rumored IPO
Lenskart has long been rumored to be considering an initial public offering (IPO) to further accelerate its development. While the group has not made an offical announcement yet, several Indian business news outlets have reported that the India-based optical retailer was preparing to file its IPO draft papers in May ...
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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
Fielmann appoints COO Peter Lothes to management board
Fielmann Group has announced the appointment of Peter Lothes, its Chief Operating Officer, to its management board from March 1, 2025. Lothes joined the Germany-based retail group in 2023 with over 30 years of experience in the eyewear sector. He started as Vice President of Manufacturing at his family’s optical ...
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News briefs
Carl Zeiss Meditec Q1 revenue slightly up thanks to DORC integration
Carl Zeiss Meditec’s fiscal 2024/25 Q1 revenue amounted to €490.5 million, up by 3.3 percent at constant exchange rates versus 2023/24. However, quarterly sales declined by 7.3 percent year-on-year after adjusting for currency and acquisition effects, which the company said was expected. In constant currencies, revenue from the Ophthalmology business ...
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News briefs
EssilorLuxottica expands med-tech offering with new acquisition
A few months after its investment in Heidelberg Engineering, EssilorLuxottica announced yesterday the acquisition of Cellview Imaging, another med-tech company. Based in Canada and until now only distributed in North America, Cellview has developed a range of diagnostic imaging instruments for eyecare practitioners to diagnose retinal pathologies. According to Essilux, ...
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News briefsEssilux to coordinate French research program in myopia
With several other entities, EssilorLuxottica has inaugurated a five-year research program in personalized optical myopia treatment, with the objective of diagnosing myopia in childhood and slowing its progress. Called Premyom, the program will make use of large-cohort studies, clinical trials, data analytics, digital modeling, biomechanical simulation of the myopic eye, ...
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News briefs
CooperVision reinforces myopia management commercial structure and investments
CooperVision has announced the reinforcement of its investments in myopia management, including in global commercial structure, research and development, clinical studies and advocacy support. As part of the new initiatives, the company has promoted Jennifer Lambert to the newly created position of Vice President Myopia Management & Cornea Care. ...
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News briefs
Hilco Vision promotes three top executives
Hilco Vision has announced three new appointments to its executive team. Kelly Piotti has been appointed Senior Vice President of Optical & Retail and Brent Jones Senior Vice President of Eyecare in North America. Both were promoted from within. This is also the case for John Lakey, current Chief Commercial ...
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News briefsPrats to open factory in Colombia
Prats, the Spanish producer of ophthalmic lenses, will be opening a factory in Colombia over the course of this year, according to the Spanish trade paper Moda en Gafas (MeG). Production and R&D Director Jorge Ramírez has told MeG that the group’s investment in the site amounts to €16 million. ...
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News briefs
Tokai opens new plant in the UAE
TOKAI OPTICAL has announced the completion of a new factory, TOKAI OPTICAL MEA (FZC), located in the Sharjah Airport International Free Zone (SAIF) in the United Arab Emirates. The new production facility, a joint project with Tokai Optecs, the group’s Belgian-based joint venture, is aimed at expanding the Japanese-based lens ...
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News briefs
Topcon reports flattish sales and reduced margins for Eye Care unit
Topcon Corporation has reported a 5.2 percent increase in revenue to 57.0 billion Japanese yen (€362m) for its Eye Care business division in the first nine months of fiscal 2024/25. At constant rates, however, the unit’s topline remained flat versus 2023/24. On the same currency-neutral basis, EMEA sales inched up ...
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News briefs
Ocumetra launches new myopia management web-based platform
Irish-based software and services supplier Ocumetra is launching mEYE Suite, a new web-based and multilingual platform aimed at assisting eye care professionals (ECPs) in the treatment of myopia management and communication with parents. Ocumetra says that mEYE Suite is based on a global database of over one million records. Its ...
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News briefs
Bausch Health puts Bausch + Lomb sale on ice
Bausch Health Companies announced yesterday that it will continue to own 88 percent of Bausch + Lomb. The group confirmed that its management, along with Bausch + Lomb’s leadership, considered a sale transaction after a private equity firm expressed interest in acquiring the eye health subsidiary at a compelling valuation. ...
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News briefs
Nuance Audio cleared to launch in both the US and the EU
EssilorLuxottica has announced that it has received the FDA clearance for its over-the-counter Nuance Audio glasses and that is has also simultaneously received all the necessary authorizations, including the CE marking under the Medical Devices Regulation, to market the product in the European Union. Essilux has said that it ...
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News briefs
Thélios appoints DACH country manager
Thélios, the eyewear division of LVMH, has appointed Klaus Dietrich as Country Manager for the DACH region. Dietrich joins the company from Climate Partner, a Munich-based carbon-footprint consultancy where he had been working since 2022. Prior to that, he spent over a decade in sales senior management roles in the ...
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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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News briefs
Another bleak year for the German optical industry but 2025 looks brighter
According to preliminary data presented by Spectaris at the opti show in Munich last weekend, sales by the German manufacturers of ophthalmic optics and consumers inched up by about 1 percent to 4.96 million in 2024. While the growth pace remained in line with 2023, the dynamics reversed as export ...
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News briefs
ZEISS Vision Care launches new coating and sun lens colors at opti
ZEISS Vision Care is expanding its coating portfolio with the launch of ZEISS DuraVision Gold UV, a new lens coating in the premium-tier segment that the company says offers even greater cleanability and improved scratch resistance. The upgraded durability and scratch resistance is enabled by multiple densely packed metal oxide ...
