All News briefs articles – Page 20
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News briefs
Vuzix reports weakeking sales and widening loss for 2022
Vuzix, the U.S.-based manufacturer of AR smart glasses for professionals, has announced a 10 percent year-on-year revenue drop to $11.8 million for 2022. Beyond the challenging macroeconomic environment and supply chain issues, the decrease was attributed to a reduction in overall unit sales, higher discounts to resellers and negative currency ...
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News briefs
Tech company STS rebrands to Ditar
STS, a Belgian-based tech company supplying applications for e-commerce in the eyewear sector, is rebranding to Ditar, which stands for digital innovation through augmented reality. Ditar launched last month Magic Mirror, an app that allows customers to scan their faces and suggests frames that both fit their look and current ...
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News briefs
Alcon sees 6% contact lens sales growth in Q4
Alcon reported sales contact lenses in the fourth quarter ended Dec. 31 of $530 million, reflecting constant currency growth of six percent but down by a reported one percent due to currency headwinds. Sales growth continued to be led by silicone hydrogel contact lenses, including the Precision1 and Total product ...
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News briefs
Afflelou collected 220,000 used glasses last year in France
The Afflelou Group has announced that it collected over 220,000 pairs of used glasses from consumers in 2022 through dedicated boxes deployed at its 780 stores, mostly franchised, in France. The operation, dubbed Green by Afflelou, was launched in May 2021 in partnership with the MEDICO LIONS CLUB DE FRANCE, ...
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News briefs
100% Optical announces record participation
The organizers of 100% Optical have announced that the last edition of the trade show, which took place from Feb. 25 to 27, was attended by a record-breaking 10,657 attendees or 10 percent more than in 2022. Over 250 eyewear companies were exhibiting their products and services. The U.K. show ...
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News briefs
Fast growth but red ink for Lenskart in 2022, new funding round in progress
Eyewear retail group Lenskart has launched a new funding round for an estimated $400-$500 million according to several reports in the Indian business media. The round would however consist for a large part of secondary share sales as early investors reportedly plan to divest some of their stake in the ...
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News briefs
Paris Miki up 5 % in Q3
Japanese retail group Paris Miki’s revenue increased by 4.9 percent year-on-year to 36.0 billion Japanese yen (€250m) in the third quarter of its 2023 year. For the first nine months, total sales were up by 7.0 percent versus 2022. Q3 revenue in Japan rose by 5.0 percent to ¥31.9 billion ...
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News briefsEssilux extends deal with U.S. retail giant
EssilorLuxottica’s renewed multi-year deal with Target took effect on Feb. 12. The U.S. retail chain sells eyewear products and services through Target Optical, which is present within some 560 of its big-box stores and operates the website TargetOptical.com.
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News briefsMyopia worsening in Spain
According to a report by Vision y Vida, a 65-year-old association of public utility in Spain, the spread of myopia is about to become pathological – in the technical sense. It points out that already some 62.5 percent of Spain’s university students are myopes. Worse still, however, is the situation ...
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News briefs
Zeiss launches myopia management in Europe
ZEISS has announced the launch of MyoCare, its myopia management lens, in Europe from next April. The group said it has over ten years of experience in basic and clinical research and the succesful use of ZEISS Myopia Management in Southeast Asia. ZEISS however stressed that the prevalence of high ...
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News briefs
Afflelou network passes €1bn in annual sales
The Afflelou group has announced external sales of €1,012 million (including VAT) in calendar year 2022 for its optical and hearing aid business, passing the symbolic €1 billion mark for the first time. Network sales were up by 3.2 percent compared to 2021. In 2022, the retail group opened 21 ...
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News briefs
Thélios and Vogue Business partner for series of luxury eyewear talks
Thélios has announced the launch of an international series of industry talks in partnership with Vogue Business, a B2B digital information service and a sister publication of Vogue fashion magazine. Dubbed Vogue Business x Thélios Talks: Framing the future of luxury eyewear, the talks will be held during the Thélios ...
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News briefs
Menicon hits 30% overseas sales ratio
Menicon Q3 results showed that the Japanese company reached an important milestone in the internationalization of its business as overseas sales reached 30 percent of total revenue. That compares with 12 percent five years ago and a 35 percent target ratio for 2025. International sales of contact lenses jumped by ...
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News briefs
Tech startup PTTRNS raises €2m in new funds
PTTRNS.ai, a tech company providing AI-based style recommendation software for the fashion and eyewear industry, has raised €2 million in new equity from ECFG, a Dutch-based private equitiy fund. This follows an earlier €2.5 million rund as reported in 2021. Founded in 2019 and also based in the Netherlands, PTTRNS ...
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News briefs
Bausch + Lomb appoints former CEO as new CEO
Bausch + Lomb has announced the appointment of Brent Saunders to the position of CEO, succeeding Joseph Papa, effective March 3. Saunders, who will also serve as chair of the board of directors, is already familiar with Bausch + Lomb as he was its CEO between 2010 and 2013, prior ...
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News briefsNew online course for myopia treatment focuses on eyeglasses
Myopia Profile, an Australian “information center” for professionals in clinical myopia management, has released an online course detailing the latest in lens design and advise on the prescriptions for children. Called Myopia Management with Spectacles, the two-hour course is interactive and covers all aspects of prescription, “from first corrections in ...
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News briefs
CECOP reaches 1,000 members in Germany with new acquisition
CECOP, the Spanish-based group, has announced the acquisition of EGS-Optik, one of the largest German buying groups. Based in Bavaria and founded in 2003, EGS-Optik boasts approximately 500 members, making it the sixth largest buying group in the country according to the annual ranking of the German association of opticians ...
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News briefs
Marchon wins Mido’s green stand award
Marchon Eyewear won the Stand Up for Green Award at MIDO earlier this month, an award launched by the Milan trade show in 2022 to recognize its exhibitors’ commitment to sustainability in the designing and building of their stand. Marchon’s booth key sustainable features include the storage of reusable parts, ...
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News briefs
MEI presented all-in-one unit at MIDO
MEI, the Italian maker of lens edging machines, presented its new CoreTBA equipment at the recent edition of MIDO in Milan. The company says that, thanks to its capacity to run different operations in parallel, the machine performs seven essential stages of the lens production in one single unit: front ...
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News briefs
Carl Zeiss Meditec reports strong sales growth but lower margins for Q1
Carl Zeiss Meditec revenues increased by 14.6 percent year-on-year in Q1 2022/23 to €470.3 million, or by 12.1 percent in constant currencies, in spite of ongoing supply chain issues for both its business units. At constant exchange rates and compared with Q1 2021/22, sales in the Ophthalmology division went up ...
