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Cooper announces strategic review, 5% uptick in annual CVI sales
CooperVision reported Q4 sales of $709.6 million, up 4.6% year-on-year, with growth driven by the Americas region and strong performance from its MyDay contact lens portfolio. CooperCompanies stock price shot up after the group announced that it was conducting a strategic business review, seemingly in response to activist investor pressures.
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.
Inspecs board accepts £85m takeover by two British entrepreneurs
Inspecs Group’s board has agreed to an £85 million acquisition by two British entrepreneurs Luke Johnson and Ian Livingstone, formerly majority owner and chairman of Optika Clulow, after rejecting offers from Safilo Group.
Cooper announces strategic review, 5% uptick in annual CVI sales
CooperVision reported Q4 sales of $709.6 million, up 4.6% year-on-year, with growth driven by the Americas region and strong performance from its MyDay contact lens portfolio. CooperCompanies stock price shot up after the group announced that it was conducting a strategic business review, seemingly in response to activist investor pressures.
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.
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.
Carl Zeiss Meditec posts solid full-year results, terminates CEO mandate
Carl Zeiss Meditec has reported a 7.8 percent year-over-year increase in revenue to €2,228 million in the 2024/25 fiscal year ended Sept. 30. The company’s topline rose by 8.6 percent at constant currencies and by 3.3 percent on an organic basis.
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 ...
French optical market driven by health care needs rather than fashion or promotions, new research stresses
A comprehensive survey of 3,000 French glasses wearers by the country’s main opticians’ association shows that the vast majority prioritise medical necessity over fashion when purchasing new eyewear, with 92% citing visual needs as their primary motivation for renewal.
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 ...
