All News briefs articles – Page 6
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News briefsCo-CEO to leave Mister Spex
The Co-CEO of Mister Spex, Dr. Mirko Caspar, will be stepping down on Dec. 31. He has been with the company for 12 years. Caspar’s counterpart, Dirk Graber, who is also the founder, will be taking on Caspar’s duties alongside CFO Stephan Schulz-Gohritz. According to the company’s statement, Caspar will ...
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News briefs
LVMH’s Pucci eyewear license stays with Marcolin
Marcolin has announced the renewal of its exclusive eyewear license agreement with Pucci, a brand of LVMH Group’s portfolio, for the design, manufacturing and global distribution of the brand’s sunglasses and optical frames. The relationship between Pucci and Marcolin started in 2015 and the license has been renewed until Dec. ...
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News briefs
Alain Afflelou sales up 5% in Q1
Afflelou Group has reported a 5.1 percent year-on-year increase in external sales to €217 million for the first quarter of its current fiscal year ended on last Oct. 31, decelerating slightly from the previous quarter (8.1 percent growth). Sales were up by 4.2 percent in France, by 9.8 percent in ...
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News briefs
South Korean e-commerce giant takes over Farftech
Coupang, the South Korean-based e-commerce group, has annoucend that it was taking over the business of Farftech, investing $500 million in the struggling luxury online retail platform. The cash injection will enable Farftech to clear its debts and continue its operations. The company, which is currently valued at around $200 ...
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News briefs
Out Of raises over €7 million in crowdfunding campaign
Out Of, the Italian-based sport eyewear start-up, has raised a total of €7.6 million from approximately 580 investors through a 30-day crowdfunding campaign on Mamacrowd earlier this autumn. According to Italian media, it was the largest ever crowdfunding campaign in Italy, close to the legal €8 million upper limit. New ...
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News briefs
Silmo Istanbul 10th edition celebrates Turkish optical industry
The organizers of Silmo Istanbul have announced that over 500 exhibitors and brands and a total of 13,385 visitors, up 13 percent versus 2022, took part in the 10th edition of the show that closed its doors on Nov. 26. To celebrate its 10th anniversary, the show inaugurated the Silmo ...
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News briefs
Jimmy Fairly enters Italy and Spain
As previously announced, Jimmy Fairly is pursuing its international expansion strategy with the opening of its first shop in both Spain (Barcelona) and Italy (Milan) in the last few weeks. The direct-to-consumer brand, which was founded in 2011 and taken over by a French private equity fund ten years later, ...
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News briefs
Thélios relaunches Tag Heuer eyewear
Thélios and Tag Heuer, two entities of French luxury group LVMH, have announced their licensing agreement for the design, production and distribution of Tag Heuer-branded eyewear. The first collections, which the partners said would build on “the brand’s undisputed eyewear legacy,” will be revealed during LVMH Watch Week on Jan. ...
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News briefs
French OEM maker rescued by three clients
Theo, J.F. Rey and John Dalia have joined forces to take over the business of Cemo Decovision, their common supplier, in an eleventh-hour rescue operation as the Morbier-based eyewear maker was put into liquidation on Nov. 17. In a press release published earlier this week, the newly-formed consortium explained that ...
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News briefs
Carl Zeiss AG appoints new CFO
Carl Zeiss AG has appointed Stefan Müller as its new chief financial officer from Jan.1, 2024, and in replacement of Dr. Christian Müller who left at his own request this fall after more than twenty years at the company. Stefan Müller is currently CFO of Paul Hartmann, a German-based healthcare ...
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News briefs
Bags and accessories’ luxury sales up 15 % in 2022
Luxury good sales in the bag and accessories segment, in which eyewear is included, went up by 15.3 percent year-on-year to $3.6 billion in 2022 according to Deloitte’s annual ranking of the hundred largest luxury companies worldwide. The category, which accounts for approximately 1 percent of total luxury goods’ sales, ...
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News briefs
Fast-growing MEI to expand HQ and U.S. site
MEI, the Italian-based supplier of equipment for lens laboratories and shops, has announced the start of expansion work to double the surface of its headquarters in the Bergamo province from 10,000 to 20,000 square meters and the construction of a new site in the U.S. as its business keeps growing ...
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News briefsTom Davies goes full Wonka with giraffe-milk smelling frames
Tom Davies has partnered once again with Warner Bros. Discovery to design bespoke frames for two characters in Wonka, the upcoming movie inspired by Roald Dahl’s Charlie and the Chocolate Factory children book and starring Timothée Chalamet. Previous collaborations between the British eyewear designer and U.S. studio included eyewear featured ...
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News briefs
Thélios launches Middle East branch
Thélios has officially launched its Middle East subsidiary with an event at the Dubai Opera Garden gathering the company’s management, clients and the media for the presentation of the Spring 2024 collections. Thélios’ subsidiary will be located in the Dubai Design district and operational from Jan. 1, 2024. It is ...
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News briefs
U.S. ECPs’ economic outlook worsens
The economic outlook of U.S. eye care professionals (ECPs) worsened in Q3 compared to Q2 according to the quarterly research report by The Vision Council, and an increasing proportion among them is less confident that they will be able to meet their revenue goals this year. As in previous quarters, ...
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News briefs
Lanson opens Vietnamese factory
Chinese-based OEM manufacturer Lanson Optical has announced the opening of a new factory in Hanoi, Vietnam, its first production facility outside mainland China. The company said that the political and economic environment in Vietnam as well as the many free-trade agreements the country signed with other regions in recent years ...
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News briefs
Microoled updates app to tap Strava’s 100 million users
MICROOLED, the French-based supplier of micro displays for eyewear and other products, has announced a major update in its ActiveLook smart eyewar application for Apple Watch that will make it compatible with Strava. Strava is one of the leading subscription platforms for sports enthusiasts with over 100 million users in ...
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News briefs
Marcolin opens new showroom in Paris
Marcolin officially opened its new Parisian showroom on Nov. 21 with a ceremony attended by representatives of the French media, celebrities, customers, partners and institutions. Located in the center of the French capital city, behind the Palays Royal garden, the showroom displays the Italian group portfolio of brands but also ...
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News briefs
Moncler eyewear license goes to EssilorLuxottica
EssilorLuxottica and Moncler have announced the signature of an exclusive licensing agreement for the design, production and global distribution of Moncler-branded eyewear, including eyeglasses and sunglasses. The agreement will be in effect from January 2024 until December 2028 with an automatic renewal option for five more years, and the first ...
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News briefsMIDO updates website with new layout and accessibility features
MIDO has updated its website with a new layout and technical changes aimed at ensuring digital accessibility for all users in order to comply with Europe’s Web Content Accessibility Guidelines 2.2. that will become mandatory from June 2025. MIDO said it has redesigned the website with a “Less is More” ...
