All articles by Pierre-Marie Bernard

  • EssilorLuxottica logo
    Article

    US sun business sole exception to EssilorLuxottica’s smooth sailing in Q1

    2024-04-19T10:31:00Z

    EssilorLuxottica remained on a smooth sailing trajectory in the start of 2024 as the group reported a 3.0 percent year-on-year increase in Q1 revenue to €6,335 million. At constant rates, sales progressed by 5.5 percent versus 2022, decelerating slightly from Q4 2023 (+7.1 percent) but remaining in line with the ...

  • Inspecs
    Article

    Inspecs posts flattish 2023 sales after Q4 drop, but profit ratios improved

    2024-04-19T08:48:00Z

    UK-based Inspecs Group has reported a 1.2 percent increase in annual revenue to £203.3 million (€237.4m) for fiscal 2023, corresponding to a topline flat performance at constant exchange rates, after the company’s business slowed down sharply in the last months of the year. However, the company managed to report significant ...

  • Vuzix
    Article

    Vuzix losses pile up as AR smart glasses take-off takes its time

    2024-04-17T09:52:00Z

    After a last-minute postponement at the end of March of its annual results presentation, smart eyewear manufacturer Vuzix reported earlier this week a severe drop in Q4 revenue and a significant increase in losses for fiscal 2023. While the management stressed that investments in manufacturing and product development have led ...

  • FLO Materials 1
    Article

    US startup picks eyewear market as launch pad for infinitely recyclable plastic material

    2024-04-17T02:28:00Z

    As the world is grappling with an ever-growing amount of plastic waste, of which less than 10 percent is being recycled, our attention was brought to a California-based chemical start-up that claims it can produce an infinitely recyclable alternative material to high performance plastics. And, somewhat surprisingly for such a ...

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    Article

    Slight average eyewear stocks price hike in Q1 reflects extreme ups and downs

    2024-04-12T07:59:00Z

    The average stock price of public eyewear companies inched up by 1.6 percent on a non-weighted basis during the first quarter of 2024, slowing down from the 8.4 percent growth calculated for Q4 2023. The Q1 2024 performance also fell short of the 8.1 percent quarter-on-quarter growth of the MSCI ...

  • HOYA_LOGO_LOCK_UP_BLUE_CMYK
    Article

    Hoya production and order systems greatly affected by cyberattack

    2024-04-05T07:57:00Z

    Please click here for the most recent update on this news. Hoya Corporation announced on April 4 that, following the discovery on March 30 of an IT system failure at one of its overseas subsidiaries, some of the group’s production plants and order systems for several products had been ...

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    Article

    New management structure and increased retail focus for MPG

    2024-04-04T02:39:00Z

    Following the death at the end of 2023 of Dr. Michael Pachleitner, its founder and CEO, the eponymous MPG (Michael Pachleitner Group) is entering a new era of its history with a new management structure and a strategic focus on the development of its retail business unit. We sat down ...

  • Schließt_demnaecht_Edel_Optics_Filiale_Ballindamm33_Hamburg
    Article

    Two top-ten German optical retailers join forces to take over Edel-Optics

    2024-04-03T08:51:00Z

    Optiker Bode and ROTTLER, two family-owned and historical optical retail chains respectively based in Hamburg and North Rhine-Westphalia, are joining forces to take over Edel-Optics, an online optical retail pionneer in both Germany and Europe. Founded in 2009, the company had filed for insolvency proceedings in February. Edel-Optics has ...

  • luke-chesser-JKUTrJ4vK00-unsplash
    Article

    Sales and profit up double digits for Conant Optical in 2023

    2024-03-29T09:43:00Z

    Chinese lens manufacturer Conant Optical has reported a 12.7 percent year-on-year increase in annual revenue to RMB 1,760 million (€226m) for fiscal 2023, slightly accelerating from its performance in H1. Although the growth in the first half of the year was almost entirely due to price-mix improvements, an uptick in ...

  • Mister Spex Flagship-Store Köln
    Article

    Product mix drives growth and profitability gains for Mister Spex as customer base stagnates

    2024-03-28T10:48:00Z

    Mister Spex ended fiscal 2023 on a positive note as total Q4 revenue increased by 7.4 percent year-on-year to €46.7 million, significantly accelerating from the 2.4 percent growth reported for the previous quarter. Reflecting the company’s strategic focus on its domestic market since the end of 2022, the quarterly revenue ...

  • Japan Eyewear Holdings - JEH
    Article

    Retail expansion, price hikes and inbound tourism boosted JEH top and bottom lines in fiscal 2024

    2024-03-26T07:34:00Z

    Japan Eyewear Holdings (JEH), the company behind the Kaneko Optical and 999.9 brands, has reported a 22.2 percent year-on-year increase in revenue to 2,623 million Japanese yen (€16.0m) for the last quarter of its fiscal year ended last Jan. 31. Although this marked a deceleration from the 33.6 percent growth ...

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    Article

    Afflelou maintains mid-single digit topline growth in Q2, gained market shares in 2023

    2024-03-22T09:59:00Z

    The Afflelou Group has reported a 5.5 percent year-on-year increase in network sales for the second quarter of its 2024 fiscal year ended Jan. 31, in line with the growth pace reported in the previous quarter. Quarterly sales rose to €231.1 million driven by Afflelou’s two key countries, France and ...

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    Article

    New owner for Horizons Optical

    2024-03-21T08:28:00Z

    Oakley Capital, a London-based private equity investor focusing on mid-sized companies, has announced its acquisition of a majority share in Horizons Optical, the Spanish-based supplier of software and equipment for the production of customized ophthalmic lenses. Horizons Optical, which was originally the R&D division Indo Optical was spun off from ...

  • Krys Group logo
    Article

    Organic growth and network expansion fuel Krys Group momentum

    2024-03-20T06:06:00Z

    KRYS GROUP claims that it consolidated its market leadership in France last year as solid organic growth and the “exceptional” expansion of its retail footprint enabled the company to outperform the French optical market growth (+5.5 percent according to GFK) by three percentage points. Total network sales in the country ...

  • Safilo
    Article

    Safilo looks at 2024 with confidence and hope after complex 2023

    2024-03-15T09:20:00Z

    Safilo Group has reported its final full-year results for fiscal 2023, confirming the 4.8 percent year-on-year decrease in revenue to €1,025 million announced when the group released preliminary figures at the end of January. Annual sales were down by 2.4 percent at constant exchange rates versus 2023 and by 1.3 ...

  • EssilorLuxottica logo
    Article

    EssilorLuxottica expands retail partnership with Reliance Brands in India

    2024-03-15T00:14:00Z

    EssilorLuxottica is expanding the scope ot its partnership with India’s Reliance Brands, which is taking over the development of the LensCrafters banner and the managing of its franchising network in the country. The development of the LensCrafters franchise was previously in the hands of DLF Brands and a first store ...

  • Kits
    Article

    Kits Eyecare topline up 31% in 2023 driven by repeat customers and eyeglasses

    2024-03-11T08:21:00Z

    Canadian-based Kits Eyecare has reported a 21 percent year-on-year increase in Q4 revenue to $31.6 million, slowing down slightly from the 32 percent growth in the previous quarter. The company said that the Q4 sales uptick was driven by the eyeglasses segment (+39 percent to $4.1 million), repeat customer revenue ...

  • 390601-20210414 Hans Anders Utrecht Hoog Catharijne 004-141a99-original-1620647704
    Article

    Hans Anders and Eyes + More owner up for sale

    2024-03-07T12:15:00Z

    According to various reports in the Dutch financial press, which we could confirm with people close to the matter, the optical retail group behind the Hans Anders, Eyes + More and Direkt Optik banners has been put up for sale by 3i, its major shareholder since 2017. In its last ...

  • Thai Optical Group
    Article

    Thai Optical Group sales flattish in 2023

    2024-03-05T09:12:00Z

    Thai Optical Group has announced that its total revenue inched up by 1.2 percent year-on-year to 3,015 million Thai baht (€77m) in 2023, falling short of the 5-8 percent growth target announced at the start of the fiscal year. This marks a sharp deceleration from the previous year when the ...

  • CooperVision
    Article

    CooperVision raises 2024 guidance despite Q1 slowdown

    2024-03-01T08:45:00Z

    As announced last December during the presentation of CooperCompanies full-year financial results, sales of CooperVision for the first quarter of its 2024 fiscal year ended Jan. 31 slowed down from Q4 2023 as the company is struggling to keep up with growing demand for contact lenses. After eleven consecutive quarters ...