All articles by Pierre-Marie Bernard – Page 4
-
ArticleAfflelou Group ends fiscal year on a strong Q4
Afflelou Group ended its fiscal year with a strong fourth quarter as network sales grew by 8.1 percent year-on-year to €232.9 million, accelerating from the 4.2 percent growth reported in the previous quarter. The uptick was particularly noticeable in France as sales grew by 7.3 percent year-on-year in Q4, compared ...
-
ArticleSynsam improves margins, expands EyeView roll out
For the first time since the company went public in October 2021, Synsam Group fell short of reporting a double-digit increase in quarterly sales, however not by much as the group’s topline grew by 9.9 percent year-on-year to 1,450 million Swedish crowns (€127m) in Q3. While this confirms the company’s ...
-
ArticleEssilorLuxottica integrates Bliz to sports portfolio
EssilorLuxottica has announced the integration of BLIZ, a brand of sport eyewear, snow goggles and helmets, in its sport portfolio which already includes Oakley and Costa. The brand was previously owned by Future Eyewear, a Swedish-based eyewear company selling and distributing other brands like Dr. Zipe (sport eyewear), Prestige (sunglasses) ...
-
ArticleMister Spex posts mixed Q3 results
Mister Spex has reported a significant drop in revenue growth pace for the third quarter of its fiscal year as continued depressed consumer sentiment and unfavorable weather conditions negatively impacted its business. The company however stressed that it was continuing to outperform the market and to deliver on its ...
-
ArticleFielmann reports strong Q3, launches eye health services
Fielmann Group has announced a 12.2 percent year-on-year increase in external sales to €602 million including VAT for the third quarter of 2023, in line with the 13 percent growth reported earlier for the first half of the year. In volume, however, Q3 sales increased by a more modest 2.2 ...
-
ArticleThélios acquires Barton Perreira
Thélios, the eyewear entity of LVMH, has announced the signature of an agreement to acquire Barton Perreira, the U.S.-based luxury eyewear brand. The acquisition follows only a few weeks after that of Vuarnet, the French high-end sports eyewear brand, underlining the expansion of Thélios’ business into proprietary brands and designer ...
-
ArticleSmith rebound cushions Safilo’s Q3 revenue decline
The Safilo Group has reported a second consecutive quarter of topline decline as total Q3 revenue dropped by 9.8 percent year-on-year to €260.4 million, with sales declining both in North America and Europe that together account for over 80 percent of sales. Aside from strong currency headwinds, the company attributed ...
-
ArticleiVision Tech CEO details group’s strategy
Still a relatively newcomer in the Italian and international eyewear sector, iVision Tech has gathered a lot of attention from the industry in recent months with the company’s debut on the Euronext Growth Milan stock exchange this summer and the acquisition of French high-end eyewear maker Henry Jullien just before ...
-
ArticleHOYA lens growth driven by international markets and MiYOSMART in Q2
HOYA CORPORATION has reported a 2.5 percent year-on-year increase in Q2 group revenue to 188.7 billion Japanese yen (€1,182m) as the solid growth of its Life Care business unit and currency tailwinds offset another steep decline in the IT division’s quarterly sales. At constant rates, the Japanese group’s topline was ...
-
ArticleIs Marcolin going to change hands?
According to insider information leaked to Bloomberg, PAI Partners, the majority shareholder of Marcolin Group, is looking to sell its stake in the company and has appointed Goldman Sachs to gauge the market’s interest in a deal that would value the eyewear manufacturer at approximately €1.35 billion. The French-based ...
-
ArticleAkoni Group puts focus on craftsmanship-loving opticians and consumers
In the wake of the recent Silmo show in Paris, where the company was exhibiting its eyewear collections – house brand Akoni Eyewear and licensed fashion brands Balmain and Valentino – for the first time, we talked with Rosario Toscano, CEO of Akoni Group, about the DNA and the development ...
-
Article10-year old Swiss Eyewear Group has passed the 20 million pairs’ mark
Swiss Eyewear Group, the eyewear company behind the INVU brand of polarized sunglasses, has announced that it has sold over 20 million pairs since the creation of the company ten years ago. As reported then in Eyewear Intelligence, the company was founded by a group of former senior managers of ...
-
ArticleKering Eyewear fueled by Maui Jim in Q3 as comparable growth drops
Kering Eyewear was again the best-performing unit of Kering in the third quarter of this year, and the only one that posted a sales increase, as the French luxury group’s fashion brands were severely hit by the general slowdown in the global luxury market, particularly in Europe and North America. ...
-
ArticleEssilux reports Q3 slowdown, opens new Thai mega plant
EssilorLuxottica has reported a 1.6 percent year-on-year decrease in Q3 revenue to €6,294 million as the relative weakness of its sun retail business spread beyond the North American market and Asia-Pacific provided a tougher comparison base in the period. In constant currencies, the group’s top line however increased by 5.2 ...
-
ArticleFittingbox acquires main VTO challenger
Fittingbox, the global leader and a pioneer in eyewear virtual-try-on (VTO) services, has announced that it was acquiring its main challenger, Ditto Technologies, from U.S.-based Luna Solutions. It is the first acquisition by Fittingbox since the creation of the company in 2006. “We will have the largest customer portfolio in ...
-
ArticleJINS ends fiscal year on high note
Japanese-based retail group JINS has reported a 16.0 percent year-on-year increase in Q4 revenue to 19.7 billion Japanese yen (€125m), accelerating from the previous quarter when sales rose by 10.4 percent versus Q3 2022. The Q4 sales hike was driven by an 11.0 percent growth in domestic revenue to JPY ...
-
ArticleHakim Group doubled footprint in the last two years
The just-released financial results of Hakim Group show that the U.K. group of independent opticians has more than doubled its annual revenues and almost doubled its retail footprint between 2020 and 2022. The group has significantly accelerated the implementation of its strategy in the U.K. and Ireland since its refinancing ...
-
ArticleLeica brings ophthalmic lenses business in-house, opens factory
Leica Eyecare, a subsidiary of Leica Camera founded in 2021, has announced the opening of its new company headquarters and production facilities in the central Hesse region, near Frankfurt, Germany. The investment follows the decision of the German group, globally famous for its premium cameras, to bring the production of ...
-
ArticleItalian eyewear exports maintain momentum in Q2
ANFAO, the Italian eyewear industry association, has reported a 15.7 percent year-on-year increase in Italian eyewear exports to €2,840 million for the first half of 2023 as sales in Q2 roughly maintained the 16.7 percent growth reported for Q1. As reflected in the table below, the momentum was driven by ...
-
ArticleSilmo Paris kicks off post-Covid trade-show era
The organizers of Silmo Paris have announced that 31,337 people visited the last edition of the show that closed its doors on Oct.2, or 16.5 percent more than last year, confirming the visual impression that the event has almost returned to its pre-pandemic self (approximatively 35,000 visitors in 2018). A ...
