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Fast-growing Lenskart sees huge whitespace in domestic market
The Indian eyewear retailer’s shares gained ground after reporting robust quarterly performance across key metrics, with revenue growth of 23.9% and improved profitability following its IPO debut last month.
National Vision outlines path to high-single-digit sales growth, margin expansion
National Vision announced plans for high-single-digit sales growth in each of the five years through fiscal year 2030, as it looks to further broaden its focus beyond its traditional cash-paying customer, increase the share of premium products and open 240 new stores. Comparable sales are seen increasing at a mid-single-digit ...
Inspecs takeover talks extended with current highest bid at £85m
Private equity seems to have an edge in the negotiations but Safilo is reviewing its options. The UK-based eyewear group has also announced a trading update that forecasts a 4 percent decline in annual revenue.
Afflelou network sales up 5% in FY2025
Network sales were up mid-single digits in France and Spain, the retailer’s two key markets. Margins also progressed year over year despite increasing and substantial debt-related costs.
EssilorLuxottica wearables chief steps down
Rocco Basilico, Chief Wearables Officer at EssilorLuxottica, will be leaving the group at the start of next year, Reuters revealed on Monday. The information was confirmed to the press agency by EssilorLuxottica: “After six years supporting our smart eyewear journey, Rocco Basilico has decided to pursue his personal interests outside ...
MICROOLED smart eyewear business taken over by former CEO and founder
MICROOLED’s former CEO has taken over the company’s smart eyewear brands ActiveLook and Engo to focus exclusively on AR sports glasses, while the French microdisplay manufacturer refocuses on B2B markets including defense and medical equipment and raises more funds.
ZEISS leverages vision care synergies in smart eyewear, ophthalmology
ZEISS has announced the creation of a new strategic business unit called ZEISS Extended Reality which, combined with ZEISS Vision Care, will make up the group’s Consumer Markets segment. Established last month, ZEISS Extended Reality will unite in one division the different teams that have been working on extended reality ...
Inspecs takeover talks extended with current highest bid at £85m
Private equity seems to have an edge in the negotiations but Safilo is reviewing its options. The UK-based eyewear group has also announced a trading update that forecasts a 4 percent decline in annual revenue.
GlassesUSA.com operator launches multi-brand luxury eyewear webshop
Most large eyewear companies in the luxury segment, save one, partner with the new online shop.
Ultracheap Blacksheep flagship store to open at Paris’ BHV – except not
Blacksheep, a French-based pure online player selling ultra-low-priced eyewear, is reportedly preparing to open a 200-square-meter shop at the BHV department store in Paris, for what seems to be the brand’s first venture into brick-and-mortal retail. Founded by Pierre Wizman – the French entrepreneur that created Polette, another DTC eyewear ...
Kits Eyecare reaches 1 million active customers
Kits Eyecare has announced that it has doubled its number of two-year active customers from 500,000 to 1 million between Q4 2020 and Q3 2025. The company said that Gen Z (under 30 years old) and Millenials (30 to 45) respectively accounted for approximately 25 percent and 50 percent of ...
Mia Burton merges with Lipari
Italian eyewear e-commerce company Mia Burton and the Italian optical retailer Lipari announced they were merging to create an omnichannel group with forecast revenues of €23.7 million in 2025.
EssilorLuxottica wearables chief steps down
Rocco Basilico, Chief Wearables Officer at EssilorLuxottica, will be leaving the group at the start of next year, Reuters revealed on Monday. The information was confirmed to the press agency by EssilorLuxottica: “After six years supporting our smart eyewear journey, Rocco Basilico has decided to pursue his personal interests outside ...
US prescription eyewear volumes down in Q3, report finds
Prescription eyewear sales in the US declined in volume in Q3 2025, both quarter-on-quarter and year-on-year, but the overall market value continued to increase to $17.5 billion. This is the main conclusion of the latest quarterly Market inSights report by The Vision Council’s (TVC).
Myopia management lens market up approximately 20% in Europe
The market for myopia management lenses in four key European markets (France, Germany, Italy and Spain) rose by 18 percent in value to €48 million in the first half of 2024, according to a report by NIQ-GfK. The research company also found that the market for myopia management contact lenses ...
French consumers spent €8.3bn on eyeglasses and contact lenses last year
The value of the French optical market rose by 3.4 percent year on year to approximately €8.3 billion in 2024, according to the latest annual report by DREES, the national research and statistic office on the healthcare sector. This marks a slight deceleration from the previous year, when optical expenses ...
Report highlights generational gap in contact lens perception
Younger generations seem to be more interested in technical advancements in contact lenses, according to a survey of 1,308 US and Canadian people with correction needs that was commissioned by the Contact Lens Institute (CLI), the US contact lens industry association.
