All articles by Pierre-Marie Bernard – Page 7
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ArticleSynsam posts double-digit Q4 growth, hits record Ebit in full year
The Nordic retail group’s performance was again driven by its spectacles subscription plans whose annual sales increased by 13 percent year on year to account for 53 percent of total group revenue.
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ArticleElectronics blue light specialist steps into eyewear, aims to establish new standards
Partnering with global consumer electronics brands such as Dell, HP or Samsung, Eyesafe has focused until now on devices for its blue light products. The company is now entering the eyewear market in the US with a wholesale and direct-to-consumer approach.
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ArticleMenicon modest Q3 growth driven by price revisions
Sales of one-day and monthly contact lenses, as well as lens care products were up mid-single digit, but ortho-k sales dropped in the quarter as competition intensifies in a stagnant Chinese market.
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ArticleEssilorLuxottica ends solid year with Q4 acceleration
Sales were up by 9 percent in the last quarter of 2024 as Ray-Ban Meta, Supreme and a Sunglass rebound provided additional momentum, on top of the group’s usual growth drivers.
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ArticleKering Eyewear reports solid Q4, outperforms group in annual revenue growth and profitability
Kering Eyewear sales were up by 7 percent in Q4 2024 and by 6 percent in the full year. Profitability sligthly declined, mostly due to marketing investments, but was higher than for the whole group.
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ArticleHoya reports 5% Health Care Q3 sales uptick, starts myopia control lens trial in the US
HOYA Corporation has reported a 4.4 percent year-on-year increase in Q3 revenue to 139.4 billion Japanese yen (€875m) for its Life Care Business unit, of which the Health Care category (eyeglasses lenses and contact lenses) is the main component. At constant currencies, the division’s topline was up by 2.2 percent ...
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ArticleFlō Optics ready to “disrupt the ophthalmic industry” after $35m cash injection
The Series A funding was led by “leading global entities from the ophthalmic industry,” the company said.
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ArticleAmazon enters the prescription eyewear segment in Germany
After years of rumors and speculations, the e-commerce behemoth is entering the prescription eyewear market for good, starting with Germany, where its subsidiary announced earlier this week that it has started selling prescription eyeglasses. Amazon Optics, as the service is branded, is offering on amazon.de a wide selection of branded ...
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ArticleSafilo topline slipped below the €1bn mark in 2024, but margins slightly improved
Reporting preliminary financial results, Safilo Group has announced that its Q4 2024 revenue decreased by 1.6 percent at current rates and by 1.1 percent at constant rates, amounting to approximately €235 million, according to our calculations. The company pointed out that, excluding the residual effect of the Jimmy Choo license ...
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ArticleSeaport-ODLM banks on portfolio diversification to boost export business
On the heels of a new European distribution partnership with Bollé Brands, French-based Seaport-ODLM is adding several brands to its portfolio in 2025 to address new market segments and grow outside its domestic market.
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ArticleZEISS looks for innovation in product, processes and business models to support commitment to global eye health
In December last year, ZEISS Group reported that sales of its consumer markets division, of which vision care is the main component, rose by 3 percent year-on-year to approximately €1.7 billion. The company stressed that, despite “a noticeable reluctance on the part of customers to spend,” vision care sales generated ...
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ArticleFrench NPO takes deep dive in ophthalmic lenses and eyewear frames’ carbon emissions
French consumers purchased 32 million lenses and 16 million frames in 2023, for a total carbon footprint of 130 tkCO2e. The report looks at the share of various components (raw materials, energy, transport, packaging, etc.) in the mix.
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ArticleVision Expo East presents show novelties, program ahead of first Florida edition
About one month from the first edition of Vision Expo East in its new location – Orlando, Florida – after almost four decades in New York, The Vision Council (TVC), the US eyewear association that co-organizes the event with RX, hosted an online preview webinar last week to present the ...
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ArticleKits CEO: 'We are building an eyewear business for the customer of tomorrow'
On its Investor Day last September, Kits Eyecare concluded its presentation with a bold and somewhat cryptic claim: “Setting our sights on 500 in 5.” This made for an obvious first question when we had to opportunity to sit down with Roger Hardy, co-founder and CEO of the Canadian-based pure ...
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ArticleSwitching to a direct distribution model, Revo announces several appointments in Europe
As part of its switch to a direct distribution strategy worldwide, Revo has announced several appointments of seasoned managers in key European markets. Filippo Valentini, Managing Director of Dido Agency, already representing Imago Eyewear in Italy will represent the sunglasses and goggles brand in this market. Eric Gonguet, who ...
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ArticleNew report looks at US frames buyers criteria and habits
Focused inSights 2024: Frame Buyers, the latest report by The Vision Council, the US eyewear industry association, focuses on the motivations and choice criteria of US eye care professionals (ECPs) in their procurement of optical frames and sunglasses for their shop. The results are based on an online survey of ...
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ArticleSector market capitalization up 20% last year, boosted by Essilux
The total market capitalization of 25 stock-listed eyewear companies rose by 20 percent to €230 billion in 2024, with EssilorLuxottica and the rest of the Top 5 accounting for 90 percent of the growth.
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ArticleA look at myopia management in Europe with ECOO
While Asia, and China in particular, remains by far the largest myopia management market globally, the category is gaining traction in Europe at all levels: eye care professionals (ECPs), industry suppliers, health authorities and, perhaps to a lesser extent, the general public. In a written interview with Dr Sylwia Kropacz-Sobkowiak, ...
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ArticleEssilorLuxottica’s M&A program gets an early start into the new year
EssilorLuxottica is acquiring Pulse Audition, a French-based startup specializing in AI-driven hearing-aid technology for smart eyewear.
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ArticleZEISS Group reports 8% revenue hike but lower margins for fiscal 2023/24
The German group revenue uptick was largely driven by its semiconductor business as all other segments slowed down.
