The latest news, analysis and data on topics including Financial Results, Corporate, M&A, Omnichannel, Retail & Distribution, E-Commerce & DTC, Market Statistics, Policy & Legal, Trade & Sourcing, Marketing, Products, Trade fairs & Events
Italia Independent H1 sales jump, losses narrow
The Italia Independent Group saw sales in the first half ended June 30 jump by 272.4 percent compared to the year earlier to reach €9.1 million, as business rebounded and losses narrowed after the company took a hit from Covid-19 lockdowns and the loss of wholesale business due to the ...
Mister Spex earmarks IPO cash for growth as H1 sales rise 25%
German-based omnichannel retailer Mister Spex has reported a 25 percent rise in first-half revenue to €101 million and said it was earmarking at least half of its IPO raising to fund growth.
Brand heritage and international expansion drive Revo growth
Revo, the American brand of high-end polarized sunglasses, is launching Revo Black, a new collection showcasing the brand’s latest developments in both lens and frame technologies. The new range includes three concepts – one featuring a carbon fiber frame, one with a titanium wire frame for the lightest Revo sunglass ...
Inspecs eyes new buys as H1 profits, revenue surge
British eyewear designer and lens manufacturer Inspecs is on the hunt for new acquisitions after a surge in interim revenue and core earnings driven by the first full contribution from its German Eschenbach division.
Synsam goes public too
Synsam, the leading optical retailer in the Nordics, has announced its intention to launch an Initial Public Offering (IPO) and start trading shares at the Nasdaq Stockholm stock exchange before the end of the year. The company’s main shareholder since 2014, Theia Holdings, an entity of the international CVC private ...
Essilux launches mandatory public offer for GrandVision shares
EssilorLuxottica and GrandVision jointly announced on Oct. 7 the launch of the recommended mandatory public offer for the purchase by the Italio-French group of all remaining shares in the Dutch retail group’s capital.
Bollé builds up management team for strategic changes
Bollé Brands has announced a series of key appointments in its management team to support its strategic plan, focusing on the digitization of the business, the RX segment, the brands’ visibility and the company’s social and environmental responsibility.
1-800 Contacts acquires virtual try-on specialist
1-800 Contacts, the U.S. contact lens specialist, has acquired Ditto, a firm also headquartered in the U.S. that provides virtual try-on systems for eyewear brands and eyewear retailers on- and offline, Vision Monday reports.
1-800 Contacts acquires virtual try-on specialist
1-800 Contacts, the U.S. contact lens specialist, has acquired Ditto, a firm also headquartered in the U.S. that provides virtual try-on systems for eyewear brands and eyewear retailers on- and offline, Vision Monday reports.
New investor and strategic focus on Asia for FittingBox
FittingBox, the French-based provider of virtual try on (VTO) systems and other digital solutions, just announced that JINS, the fast-growing Japanese retail chain, had become a shareholder of the company. The investment by JINS allowed earlier financial investors, mainly French venture capital funds Kreaxi and LBO France that have been ...
New designer eyewear e-commerce platform in Asia
Overcome Creative, the Hong-Kong based publisher of the trade publication V Magazine, has launched last month VMAGASTORE, an e-commerce website to connect independent designer eyewear brands and style-savvy Asian customers. Operating a market place business model, the new platform is currently available in Hong Kong, Mainland China and Taiwan but ...
Carrera goes DTC in the U.S.
Safilo is taking another step towards its digital transformation with the launch of a new e-commerce platform for its house brand Carrera in the U.S. The launch of the dedicated website, us.carreraworld.com, coincides with the 65th anniversary of the brand. The Carrera direct-to-consumer site is already live and offers an ...
Bollé builds up management team for strategic changes
Bollé Brands has announced a series of key appointments in its management team to support its strategic plan, focusing on the digitization of the business, the RX segment, the brands’ visibility and the company’s social and environmental responsibility.
Report sees 5% CAGR growth rate for eyewear packaging market until 2031
The international eyewear packaging market is expected to grow at a compound average growth rate of 4.7 percent over the next decade, according to a new industry report by Persistence Market Research. The U.S. research company said the growth would be fueled by the general increase of the eyewear market ...
U.S. market back over 2019 level in Q2
The Vision Council has announced the release of its quarterly VisionWatch research report and disclosed some key figures and trends in the U.S. optical market for the second quarter of 2021.
Stable average price for a French optical shop in 2020
According to a recent multisector report by Altares, a French research company, a total of 188 optical stores were taken over in France last year, a significant drop from the 230 transactions registered in 2019. While the Covid-19 crisis certainly had a negative effect, the number of such transactions has ...
Eyewear industry stock prices up 3.5% in Q3
We are publishing here our quarterly update on the evolution in stock prices of public companies operating in our core eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. As shown in the chart below, the non-weighted average growth for the 22 companies included ...
