All News briefs articles – Page 13
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News briefs
Opti launches industry trends’ analysis program
Organizers of opti have announced the launch of a new initiative aimed at “providing ophthalmic optics with a basis for identifying relevant trends at an early stage and working towards a succesful future (…).” The Trend Radar, as it has been called, is developed in cooperation with Trendone, an innovation ...
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News briefs
EssilorLuxottica signs perpetual global license with Kodak
EssilorLuxottica and Eastman Kodak Company have announced the signature of a perpetual worldwide license agreement granting the Italo-French group the exclusive right to use the Kodak brand for all products and services connected to its business. The brand has been part of the group’s portfolio of lenses since 2010 and ...
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News briefs
Inspecs up 6 % in H1
The Inspecs Group has announced a 6.0 percent uptick in half-year revenue to £111 million (€129 m) versus the same period last year. On a constant currency basis, sales were up by 2.3 percent. The U.K.-based company added that strong cash generation enabled it to reduce its net debt by ...
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News briefs
Safilo renews three licences
Safilo Group has announced that it has extended until 2027 its partnership with Juicy Couture for the design, production and global distribution of optical frames and sunglasses under the Californian apparel and accessories brand. The Italian-based eyewear company has also renewed until the end of 2028 a similar agreement with ...
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News briefs
Class action filed in the U.S. against EssilorLuxottica and other eyewear and luxury groups
A consumer antitrust class action was filed last Friday at the US District Court, in the Northern District of California (San Francisco), against EssilorLuxottica and over 50 companies in the eyewear and luxury sectors for anticompetitive practices, Bloomberg and other U.S. media report. The Italo-French group is reportedly presented by ...
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News briefs
L’Amy Luxe enters liquidation proceedings
The L’AMY 1810 group has announced that it has put L’AMY LUXE in compulsory liquidation for “economic reasons.” As previously reported, the company had been saved from insolvency proccedings in 2020 by its shareholder International Luxury Group (ILG) and MadaLuxe, an American partner. Since then, L’AMY LUXE has been mostly ...
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News briefs
Opti gathers industry players for a roundtable discussion on the event’s concept
The organizers of the opti trade show have announced that they gathered 40 selected industry representatives for one day in Frankfurt at the beginning of July for an open discussion around their expectations for the international trade show. The opti ROUNDTABLE, as the event was named, was organized for the ...
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News briefs
Johnson & Johnson Q2 contact lens sales grow 5.1%
Johnson & Johnson reported contact lens sales totaling $939 million in the second quarter of 2023, up by 5.1 percent compared to the year earlier on a reported basis and 6.6 percent higher at constant currency rates. Growth was attributed to the continued strong performance of the Acuvue Oasys 1-Day ...
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News briefsIndo is back in Chile
Indo Optical of Barcelona has reentered Chile, a market it left about a decade ago, according to Look Vision. The announcement came at an event in Chile, in the presence of global product manager Jose de la Rubia and Chile sales directors Walton Ojeda and Francisca Gurtubay. This is the ...
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News briefsBMW solves the heads-up problem for motorcyclists
BMW Motorrad is providing motorcyclists with the same sort of heads-up display that drivers of cars have enjoyed for years now. Its solution to displaying information (gear engaged, speed, speed limit, street names, etc.) without requiring the rider to lower his eyes is smartglasses. It has developed these with a ...
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News briefs
Dutch eyewear trade shows unite
Three Dutch trade shows, Hall of Frames, Centrop Sales and Bold Optical Fair have joined forces and regrouped under the latter’s banner. Launched seven years ago as a small and exclusive event, the next edition of Bold Optical Fair will showcase a diverse range of 380 brands from different parts ...
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News briefsItalian exports maintained double-digit growth pace in Q1
The Italian eyewear industry association ANFAO released preliminary exports’ data for the first quarter of 2023 at its general assembly held at the end of last week in Verona. Italian exports in Q1 were up 16.7 percent year-on-year to €1,388 million, decelerating slightly from the 22.5 percent growth reported ...
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News briefs
Marcolin fully acquires Mexico branch
The Marcolin Group has completed the acquisition of Marcolin México, by acquiring the remaining 49 percent stake in the joint venture from Moendi, its partner and one of the largest independent distributor in the country. The joint venture had been established six years ago. The investment follows similar moves ...
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News briefs
New CFO for Safilo Group
Safilo Group has announced the promotion of Michele Melotti as group’s chief financial officer, replacing Gerd Graechsler who decided to leave the company after nine years in this position to undertake a new professional experience. Melotti joined Safilo in 2012 from KPMG Advisory and has taken on increasing responsibilities in ...
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News briefs
Wagner + Kühner to exit insolvency proceedings
In a statement relayed by the German optical trade press, Jens Lieser, the administrator appointed to oversee Wagner + Kühner’s insolvency proceedings, has announced that the company would be able to pursue its operations after the acquisition by an unnamed investor. Various restructurings have reportedly been implemented, including the reduction ...
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News briefs
Bausch + Lomb expands drops portfolio with two acquisitions
Bausch + Lomb has announced the acquisition of two eye drops’ brands in the last two weeks as the company is aiming to expand its catalog of over-the-counter (OTC) eye care solutions. The first acquisition is the takeover of Xiidra, an eye-drop solution for the treatment of dry eye disease, ...
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News briefs
Dozens of optical shops looted during riots in France
According to a preliminary count by French B to B website Acuité, at least sixty optical shops were looted or burnt down in France during the riots that took place in the country last week, following the death of a young driver in a police roadside check. The survey, published ...
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News briefs
EssilorLuxottica, Safilo announce licensed portfolio updates
EssilorLuxottica has announced the signature of a 10-year license agreement with Jimmy Choo for the design, production and global distribution of Jimmy Choo Eyewear. The agreement will be effective from Jan. 1, 2024 with an automatic renewal option for five more years. Sandra Choi, Jimmy Choo’s creative director, will oversee ...
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News briefs
ZEISS unveils Research Award recipients at Deutsches Museum
The ZEISS Group remitted its Research Awards at the Deutsches Museum in Munich, which is celebrating the centenary of its planetarium, earlier this week. The main award went to Prof. Dr. Immanuel Block for his research in quantum optics. Among the three recipients of the Carl Zeiss Award for Young ...
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News briefs
Top 50 U.S. optical retailers sales up 4 % in 2022
The 50 largest optical retail players in the U.S. saw their sales increase by 4.0 percent year-on-year to $18.7 billion, according to the recently released annual report by Vision Monday. Vision Source, an optical retail franchise with close to 3,000 locations owned by Essilor of America, tops the ranking with ...
