All articles by Pierre-Marie Bernard – Page 6
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ArticleKering Eyewear builds up in-house supply chain in Belluno
The eyewear division of Kering is acquiring Visard, a specialist in injected plastic frames, and taking a minority share (for now) in Mistral, an acetate eyewear manufacturer.
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ArticleMenrad Germany files for insolvency
Menrad Group has announced that Ferdinand Menrad GmbH, its German entity, has entered insolvency proceedings due to an expected future liquidity bottleneck. The insolvency proceedings only concern the German legal entity of the group. Its subsidiaries in Austria, France, Switzerland, the Netherlands, the UK, Italy, Poland, Turkey and Brazil, as ...
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ArticleZeiss tests e-commerce model with partner ECPs in India
ZEISS India has announced the launch of a new e-commerce initiative in partnership with local partner eye care professionals (ECPs). The company said that the new service, dubbed Lead Generation Service, was aimed at enhancing the optical retail of its local partners by providing them with an additional sales channel ...
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ArticleConant Optical revenue and profit up sharply in 2024 on volume and price mix effects
Annual sales were up by 18 percent to RMB 2,061 million. The company is investing into increasing production capacities and smart eyewear lens R&D.
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ArticleTopcon seeks to move from a hardware-based to a solutions-based business after ownership change
US-based private equity firm KKR will be acquiring a majority stake in Topcon Corporation as part of a planned management buyout (MBO), both companies have announced. The tender buyout offer, which is scheduled for the end of July this year, values the Japanese equipment maker at 348 billion yen (€2.2bn). ...
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ArticleMarcolin improves margins on slightly declining sales
Announcing preliminary results ahead of its general assembly scheduled for April 7, Marcolin has reported that its total sales declined by 2.2 percent year on year to €545.8 million. At constant exchange rates, revenue was down by 1.8 percent, but it was up by 2.1 percent on a like-for-like basis ...
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ArticleMister Spex expects discount detox and repositioning to start paying off in 2025
Revenue declined by 3 percent in 2024, including a double-digit drop in Germany in Q4. Turning around the business turnaround will take time as the group expects a 5-10 percent sales decline and an improving but still largely negative EBIT margin in FY 2025.
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ArticleWith close to 100 new stores in 2024, KRYS GROUP consolidates its market leadership in France
Driven by a record number of new store openings, KRYS GROUP has announced that it consolidated its market leadership in the French optical market last year, lifting its market share to 18.4 percent versus 17.0 percent in 2023. The voluntary group also stressed its sustained development over the last twelve ...
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ArticleFrance drove Q2 revenue 3% uptick for Afflelou but Spain grew at a faster pace
Afflelou Group has reported total network sales for the second quarter of its 2025 fiscal year that have increased by 3.3 percent to €238.8 million, indicating a deceleration from the previous quarter (+5.8 percent). For the first six months of the year, total sales were up by 4.5 percent to ...
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ArticleOptic 2000 revenue flattish in 2024
Total group revenue was up by 1.1 percent year on year to €1,308 million last year, with sales of flagship banner Optic 2000 inching up by 0.6 percent.
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ArticleMultiparty closed-loop waste recycling program for luxury eyewear kicks off in Italy
Gruppo MAIP, an Italian-based supplier of thermoplastic materials, has announced that it was joining the ReGenesis Protocol, a multi-party recycling program developed for the high-end fashion manufacturing sector. In partnership with Eastman, Gruppo MAIP will supply fully recycled and traceable acetate to eyewear manufacturers participating in this program, for both ...
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ArticleAnnual 'smart glasses' market expected to grow to 17m units by 2029, research finds
Units sold jumped by 210 percent year on year to over 2 million in 2024, with Ray-Ban Meta holding a 60 percent market share, according to Counterpoint Research.
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ArticleVuzix beefs up capacity and tech in anticipation of expected smart eyewear takeoff
The production ramp-up was mostly financed through Quanta Computer’s investment in the company. Meanwhile, net losses for the year rose to $73 million, raising the company’s accumulated deficit to $367 million.
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ArticleJEH forecasts 68% revenue growth by 2030 after strong FY 2025
FY 2024/25 revenue was up by 23 percent to ¥16.6 billion (€103.4m) while operating margin rose sharply, reaching 32.0 percent.
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ArticleSafilo confirms FY 2024 results, provides more details on segment and regional performance
The Italian eyewear group revenue slipped slightly below the €1 billion mark in 2024, dragged down by its American business and the sunglasses and sport segments. Margins improved, however, thanks notably to a leaner industrial structure.
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ArticleChina, Mexico and beyond; the US optical sector braces for Trump tariff storm
US eyewear industry association takes an in-depth look at the present and potential future US import tariffs and their impact on the sector.
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ArticleCooperVision posts 6% Q1 revenue growth, driven by the Americas amid EMEA and APAC slowdown
The company is maintaining its guidance for a 6.5-8.5 percent sales growth in contact lenses sales as production capacity increase plans are ahead of schedule and expected to pay off in coming months.
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ArticleKits Eyecare posts strong sales growth and higher margins for Q4 and FY
Kits Eyecare ended fiscal 2024 with a strong Q4 as quarterly sales jumped by 41.3 percent year on year to 44.8 million Canadian dollars (€28.9m), accelerating from the previous quarter (+34.0 percent). The company said that the quarter was marked by multiple record-breaking weeks – including a C$4.3 million (€2.8m) ...
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ArticleZoff sales and margins significantly up in FY24
Total revenue increased at a double-digit pace in 2024, thanks to new store openings, higher volumes and a more favorable price mix.
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ArticleMitsui builds new MR factory to tap growing high-index lens demand
Mitsui Chemicals’ Life & Healthcare division revenue increased by 9.4 percent for the first nine months of fiscal 2024/25 to 206.6 billion Japanese yen (€1.3bn), accelerating slightly in Q3. The business unit includes Mitsui’s ophthalmic lens materials, but also other product categories such as agrochemicals or nonwovens. The company does ...
