All articles by Pierre-Marie Bernard – Page 6
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ArticleItalian OEM cluster group surfing on luxury eyewear momentum
Venevision, a group of Italian eyewear manufacturing companies in the Dolomites region, has announced that its revenue for the first half of this year reached €39.6 million, increasing by 58 percent year-on-year thanks to a series of acquisitions in the second half of 2022. On a comparable scope, sales were ...
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ArticleA slow U.S. market and GrandVision exit weigh on Safilo results
The Safilo Group has reported lackluster results for the second quarter of 2023 as its topline declined by 8.8 percent year-on-year to €263.0 million, or by 6.6 percent at constant exchange rates. On an organic basis, a measurement including only the house brands and ongoing licenses and excluding the Kering ...
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ArticleSolid half-year performance for Marcolin despite Q2 slowdown
The Marcolin group has reported a positive performance for the first half of this year with an high-single digit increase in revenue compared with 2022 and significant margin improvements in spite of a slowdown in Q2 sales. For the second quarter of 2023, the group’s topline inched up by 1.5 ...
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ArticleKering Eyewear posts 21 % comparable growth in Q2
French luxury group Kering has reported a 54 percent year-on-year revenue growth to €428 million in Q2 for its eyewear unit, Kering Eyewear. While scope expansion, with the integration of Maui Jim, and currency tailwinds were the main contributors to the revenue jump, the eyewear division sales also grew by ...
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ArticleEssilorLuxottica maintains sales momentum in Q2, driven by optical portfolio
The EssilorLuxottica group confirmed in Q2 the high single-digit topline growth reported for the first quarter of this year, as well as a solid and stable operating margin for the first semester compared with H1 2022. The group stressed that, with the exception of its sunglasses business in the U.S., ...
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ArticleSilmo Paris adds CSR prize to events portfolio
The organizers of the Silmo trade show have announced the launch of a Responsible Company Prize, that will take place for the first time at the next edition of the show slated to take place at the usual fairgrounds in the north of Paris from Sept. 29 to Oct. 2. ...
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ArticleLunor sees room for international expansion
Lunor, the German-based eyewear company, is looking to reinforce and expand its international presence, notably in Europe and Asia, through a mix of partnerships with long-term distributors and direct distribution in some selected markets. We discussed the company’s international strategy with Thomas Dobler, the German senior manager who was appointed ...
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ArticleFielmann launches proprietary online vision check tool, reports good H1 results
Reporting its preliminary results for the first half of 2023 earlier today, Fielmann Group announced that it would enhance its German e-commerce website next month with a new vision check tool based on a proprietary measurement technology. The new system willl allow users of fielmann.de to check online whether their ...
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ArticleSpecsavers revenue up mid-single digit in 2022/23
In its just published annual review, Specsavers has reported total group revenue of £3.55 billion (€4.15 billion) for its 2022/23 fiscal year ended Feb. 28, up by 5.6 percent at constant exchange rates compared with the previous year. This marks a deceleration from the 24.9 percent sales increase reported in ...
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ArticleTen eyewear frames receive a Red Dot design award this year
Red Dot, the German-based company organizing every year since the early 90’s the eponymous international design competition, announced last month the winners of its Red Dot Design Awards for 2023. We take a look below at the ten eyewear frames that were rewarded this year. You will find one picture ...
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ArticleSafilo close to a complete solution for its Longarone plant
The Safilo Group seems to be coming closer to a satisfactory solution for its industrial site in Longarone, Italy, which the company said it would need to divest at the start of the year due to a “persistent production overcapacity.” Just a few days after confirming talks with Thélios, LVMH ...
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ArticleSun Hing OEM unit hit by lower consumer demand in Western markets
OEM manufacturer Sun Hing Vision Group has reported a 19.6 percent year-on-year drop in revenue to 705 million Hong Kong dollars (€83 m) for its fiscal year ended March 31, 2023. The Hong Kong-based company explained that its business was severely hit last year by the economic crisis in the ...
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ArticleTwo retail groups top our Q2 stock price chart
Stock prices of eyewear industry companies confirmed in Q2 their upward trend started in the previous quarter. On a non-weighed average basis, they increased by 12.5 percent quarter-on-quarter overperforming the 6.3 percent rice of MSCI World, a global index comprising over 1,500 companies. EWI Stock price chart Q2 2023 ...
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ArticleGo Eyewear Europe signs first fashion license, opens new HQ in Italy
Portuguese-based GO Eyewear Group Europe is expanding its portfolio with the addition of a multi-year international eyewear license with Italian fashion brand Trussardi, which was previously licensed to the De Rigo Group. The first collections, including both optical glasses and sunglasses, designed by Go Eyewear were presented to VIP opticians ...
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ArticleDriven by lenses, Spanish optical market tops pre-COVID level in 2022
The Spanish optical market grew by 4.4 percent year-on-year to €1.,918 million including VAT in 2022 according to a new report presented yesterday in an online meeting by the Federación Espaňola de Asociasones del Sector Óptico (FEDAO). Adding up to the 20.4 percent rebound reported a year ago for 2021, ...
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ArticleAlain Afflelou banner posts 8% growth in Q3, Spain up double digits
The Afflelou Group has reported a 4.2 percent year-on-year increase in external sales to €220 million (see table) for its third quarter, ended April 30. On a like-for-like basis, they were up by 5.1 percent versus FY 2022. The company commented that the quarterly sales uptick reflected higher volumes rather ...
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ArticleVuzix OEM consumer smart eyewear business enters countdown phase
Vuzix’ management was not short of images, martial or witty, to describe the state of its business to its shareholders during the annual meeting held at the group’s headquarters last week: shipping boats, battleships, a dog and even a frog helped to convey the company’s expectations for its imminent takeoff, ...
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ArticleEU publishes alarming counterfeiting survey, ramps up IP platform
The European Union Intellectual Property Office (EUIPO), the European office in charge of intellectual property (IP) and anti-counterfeiting, has announced that it is preparing the launch of a new open-source and blockchain-based platform which is aimed at ensuring product authenticity through information sharing at every step of the supply chain. ...
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ArticleMore “boutique” and more lenses on Mister Spex roadmap
2022 was a mixed year for Mister Spex. While the German-based retailer’s sales kept growing relatively fast – by 8 percent overall and by 11 percent in Germany – profit ratios remained in the red. This led the company to launch a cost-reduction plan in September 2022 and an announcement ...
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ArticleSynsam frames production reshoring delivers 32% CO2 reduction (LCA)
In its annual sustainability report released a few weeks ago, leading Nordics retailer Synsam Group published an initial comparative life cycle analysis (LCA) between acetate frames produced in its newly opened Swedish factory and similar frames manufactured by its Asian suppliers. When it announced the construction of a 6,000 square-meter ...
