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ZEISS Group launches cost-reduction program and job cuts after mixed H1 results
ZEISS Group revenue edged up by 1 percent year over year to €5,794 million in the first half of fiscal 2025/26, decelerating sharply from the double-digit growth reported in the previous fiscal year. Earnings before interest and taxes fell 3.7 percent to €955 million, corresponding to a slight improvement in ...
CVI outlook tightens on APAC softness as CooperCompanies nears CooperSurgical sale
CooperCompanies reported an 8 percent year-on-year increase in CooperVision revenue for the second quarter of fiscal 2026, ended April 30. Contact lens sales rose 4 percent at constant exchange rates and organically, slightly accelerating from Q1 (+3 percent).
Arts Optical improves in H2, says strategic shift starts bearing fruit
Presenting its financial results for fiscal 2025, Hong Kong-based Arts Optical stressed that its gradual strategic focus shift from Western countries to Asia and from original design manufacturing to lens manufacturing (ODM) was starting to bear fruit. The company’s full-year revenue rose by 4.0 percent year over year to 1,333.9 ...
Intermestic Q1 boosted by Megane Super consolidation, margins contract as expected
Intermestic, the parent company of Japanese retailer Zoff, reported last week its first quarterly results including the integration of Megane Super, the multi-brand optical retailer it acquired in September last year. As expected, the new perimeter drove a strong topline increase but weighed on profitability.
Essilux brings some wearables production to Italy with R&D synergies and supply chain risks in mind
EssilorLuxottica will start producing some wearables at its Agordo plant in Veneto, Italy, by early 2027, the group and a coordination of three trade unions (Filctem CGIL, Femca CISL, Uiltec UIL) announced earlier this week. While most of the production of such products, including the AI and AR glasses developed ...
Shareholders in Essilux owner Delfin reach settlement
Leonardo Maria Del Vecchio and Rocco Basilico, two of the eight heirs of Luxottica founder Leonardo Dal Vecchio have reached a provisional settlement to end their legal disputes over a change in the ownership structure of Delfin, which controls EssilorLuxottica with a 32.4 percent stake, according to media reports. Essilux ...
Revenio completes Visionix takeover, revamps board and leadership
Finnish Revenio Group has completed the acquisition of LT International, the parent company of Visionix, following the transaction agreement first announced in April. The consolidation of Visionix into Revenio took effect on May 28, 2026.
Korean startup raises $18m for alternative AR display optics
LetinAR, a South Korea-based smart eyewear startup, has raised $18.5 million in a new funding round led by Korea Development Bank, a state-owned development bank, according to reports from TechCrunch and other tech news outlets. Lotte Ventures, the corporate venture capital arm of South Korea’s conglomerate Lotte Group, also participated ...
Synsam aims to expand international outreach with 'major' investment in Haaland partnership
Synsam Group is partnering with Norwegian football star Erling Haaland for the launch of an eyewear collection including prescription eyewear, sunglasses and sport glasses. The Erlind Haaland Eyewear Collection-branded range will include a total of 64 different frames for women, men and children, as well as a capsule collection of ...
GlassesUSA.com parent company increase capacity
Optimax Eyewear Group, the operator of GlassesUSA.com, is expanding the manufacturing capacity of its Atlanta facility by 50 percent by investing “heavily in automation and optical precision.” The move follows a 30 percent year-over-year surge in orders, the company said, stressing the positive impact of three of its satellite businesses: OTTICA, a multi-brand luxury eyewear online shop, FORK Eyewear, a sunglasses brand and United Vision ...
AI startup takes aim at eyewear e-tail shortcomings
Eyvero.AI, a Balkans-based IT startup, is launching several AI-powered tools, covering areas such as virtual try-on, or rather “anatomic immersion” as the company puts it, progressive lens fitting analysis, and the creation of digital frame images and marketing materials.
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.
Spain’s optical market expands on pricing gains amid weak volume growth
The Spanish optical market grew by 4.0 percent to €2,551 million in 2025, according to the 2026 edition of the “Libro Blanco de la Visión” published by FEDAO, the Spanish federation of optical industry associations, and sponsored by Correos Express. This marks a slight acceleration from the 2.9 percent growth ...
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Sports eyewear panorama: RX and tech as the new growth drivers
While the conventional sunglasses market is still struggling to recover its pre-Covid volumes, the sports eyewear segment is showing outstanding health, with annual growth exceeding 10 percent. Once considered a purely technical niche, this market has evolved into a major macro-economic battlefield where two distribution models clash: the high volume ...
German optical market returns to near-stagnation
The German optical market returned to near stagnation in 2025 after a temporary improvement in the previous year, according to the most recent data from the Zentralverband der Augenoptiker und Optometristen (ZVA), the country’s association of opticians and optometrists.
France unclear on, wary of smart glasses, survey shows
At least in France, smart glasses are misunderstood, feared and associated with a single model.
