All News briefs articles – Page 3
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News briefs
New CEO at ZEISS Vision Care US
ZEISS Vision Care has announced the appointment of Gary Rosenblum to the position of president and CEO of its US subsidiary, in replacement of Jens Boy who has held the role since 2015 and will leave the company at the end of the month. Rosenblum, a senior executive, joins ZEISS ...
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News briefs
VSP Vision reports CSR progress
Releasing its 2024 Social Responsability Report, VSP Vision, Marchon’s mother company, said that it has reached a 53 percent ratio of produced eyewear frames made from sustainable, recycled and biobased materials last year, representing a 61 percent year-on-year increase. The group also stressed that it has switched to fully-recycled demo ...
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News briefs
Bausch + Lomb announces refinancing plans update
Bausch+Lomb Netherlands B.V. and Bausch & Lomb Incorporated have increased the size of their senior secured floating rate notes due 2031 from the initially planned aggregate of €600 million to €675 million, the group has announced. The notes will be sold to investors at a price of 99.5 percent of ...
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News briefs
Google reportedly planning to invest $100m in Gentle Monster
Google is about to invest 145.9 billion Korean won ($100m) in iiCombined, the mother company of South Korean eyewear brand Gentle Monster, according to a press report by The Korea Economic News Daily. Both companies are reportedly in the final negotiation stages for a deal that would give Google a ...
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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 ...
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News briefs
Conant invests in Japan production to mitigate US tariffs exposure
Shanghai Conant Optical is planning to invest $54 million in the building of a new automated RX lens production line in Japan through its Asahi-Lite subsidiary, the group said in a statement last month. The new facility will focus on the production and sales of high-end customized lenses and will ...
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News briefs
Kering taps Renault Group leader as new CEO
Luxury group Kering has announced the appointment of Luca de Meo as its new CEO, effective Sept. 15, replacing François-Henri Pinault in this role. De Meo joins the French-based group from Renault Group, where he has been serving as CEO since 2020. The Italian executive has over 30 years of ...
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News briefsFrench company gets boost from French prez
The French eyewear company Visages, we have learned from VoxelMatters, gave Emmanuel Macron a pair of its 3D printed glasses at the Viva Technology show, held on June 11-14 in Paris, and in exchange received something of an endorsement from the French President, who has called them “surprisingly light” and ...
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News briefs
Vuzix secures Quanta investment second tranche
Vuzix has announced that it has received the $5 million tranche investment from Taiwanese-based tech group Quanta Computer, bringing its total investment to date to $15 million. As reported then, Quanta and Vuzix announced a $20 million partnership in September last year, with an initial $10 million investment and two ...
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News briefs
Mister Spex downgrades revenue forecast
Mister Spex has downgraded its revenue forecast for FY2025 after a “weaker-than-expected” second quarter which the group primarily attributes to increased price pressures, notably online and in the sunglasses segment. The German-based retailer said that it chose not to follow the intensified promotional trend in line with its turnaround plan ...
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News briefs
Marcolin and Gant renew license agreement
Marcolin has announced the early renewal of its eyewear license agreement with fashion brand GANT. The partnership, which includes the design, production and distribution of GANT-branded sunglasses and eyeglasses, has been expanded to 2032. After Adidas and Guess?, it is the third license extension announced by the Italian eyewear maker ...
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News briefs
Slower revenue growth, higher margins and new acquisition for JEH Holdings
Japanese-based retail group JEH Holdings has reported sales of 4,191 million yen (€25.1m) for its Q1 period ended April 30, 2025, up by 8.6 percent year on year but significantly down from its growth pace in the previous fiscal year (19.9 percent). Sales to inbound tourists to Japan accounted for ...
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News briefs
Fittingbox gets Amazon-certified
Fittingbox has announced that it has been certified as a “trusted 3D content provider,” after the company successfully completed a training program developed by Pearson Vue for the global e-commerce giant. Practically, this means that companies selling eyewear on Amazon can use Fittingbox’ 3D-rendering technology to enhance their product presentation, ...
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News briefs
CECOP launches geolocation website to boost members’ online visibility
CECOP is launching Ubika Optic, an optician geolocation website, in Spain. The online platform is designed to help end consumers find a CECOP member optician based on their geolocation, thus increasing the group’s retail members’ online visibility. Each CECOP optician has its own entry on www.ubikaoptic.com with the possibility to ...
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News briefs
CVC sells its stake in Synsam Group
Synsam Group has announced that Theia Holdings, a subsidiary of CVC Capital Partners, has sold all of its 24,425,957 shares in the company (a 16.5 percent stake, approximately) for SEK 46.0 (€4.2) each or slightly below the stock market price. CVC Capital Partners has been the largest shareholder in the ...
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News briefs
Top 50 US retailers up 4% in 2024, research finds
The top 50 US optical retailers saw their total sales rise by 4.0 percent year-on-year to $21.0 billion in 2024, according to Vision Monday’s annual report which can be read in full here. This marks a deceleration from the previous year when sales increased by 8.0 percent. The ranking is ...
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News briefs
French voluntary retail group invests in second-hand eyewear startup
French optical retailer Atol has announced that it has become strategic partner and a shareholder in Zac, a startup specializing on the recycling and retailing of second-hand glasses in the country. The amount of Atol’s investment was not disclosed. The partnership will enable the collection and retail of second-hand glasses ...
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News briefs
Lenskart prepares for IPO
Indian-based optical retailer Lenskart changed its registered name from Lenskart Solutions Private Limited to Lenskart Solutions Limited on May 30 during a special board meeting. According to several Indian business news outlets, the official name change will allow the company to launch its initial public offering. However, no detailed schedule ...
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News briefs
Marcolin and Guess longterm partnership to last much longer
Marcolin and GUESS? have announced the very early renewal of their current global license agreement for the design, production and distribution of GUESS- and Marciano-branded sunglasses and eyeglasses. The partnership, which was scheduled to end in 2030, has been extended until 2040. Fabrizio Curci, CEO of Marcolin, said that GUESS ...
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News briefs
Mister Spex launches eye health check service
Mister Spex has announced that it will roll out its eye health check service in all its 65 stores by the end of the month. Aimed at customers over 40 years old, the service includes a refraction, an anamnesis (medical history), the measurement of intraocular pressure and a high-resolution fundus ...
