The latest news, analysis and data on corporate strategic initiatives, the latest mergers and acquisitions, IPOs, insolvencies and cooperations in the eyewear industry.
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 ...
Materialise transfers eyewear unit to management
Materialise has announced that it has agreed to transfer its eyewear business to the unit’s management team, as disclosed last week during its Q1 2026 financial results. The division will continue to operate as a stand‑alone entity, with Patrick Swinnen, currently Business Line Director, at the helm.
Del Vecchio heir challenges deal to sell 25% of Essilux owner Delfin
Rocco Basilico, one of the eight heirs of Luxottica founder Leonardo del Vecchio, has challenged a deal that would see Leonardo Maria del Vecchio, his half-brother and Chief Strategy Officer at EssilorLuxottica, become the largest shareholder in Delfin, the Del Vecchio holding company that controls Essilux with a 32.4 percent ...
EssilorLuxottica management confident in stock market rebound
Opening EssilorLuxottica’s annual shareholder meeting in Paris, Chairman and CEO Francesco Milleri started by stressing the group’s achievements over the past year and the ongoing profound transformation of its business from vision correction to medtech: “We aim to lead in preventive medicine, transforming vision care into a gateway for healthier ...
Del Vecchio heir and Essilux manager increases stake in controlling shareholder Delfin
Leonardo Maria del Vecchio, Chief Strategy Officer at EssilorLuxottica and one of the heirs of Luxottica founder Leonardo del Vecchio, has reached a deal that will make him the largest shareholder in Delfin, the Del Vecchio holding company that in turn controls Essilux with a 32.4 percent stake.
Safilo in exclusive talks to acquire Spy+ and Serengeti from Bollé Brands
Safilo Group appears set to acquire the SPY+ and Serengeti brands from Bollé Brands, after the signature of an exclusive agreement between the two companies was announced earlier this week. Although no transaction has been finalized at this stage as discussions are still ongoing, the deal seems very likely to ...
Kering Eyewear expects 'execution' and AI glasses to drive next growth phase
Kering presented yesterday ReconKering, its strategic turnaround plan, to investors during its Capital Markets Day (CMD) in Florence, Italy. “ReconKering is designed to restore clarity, rebuild execution discipline and place the Group back on a long‑term leadership trajectory,” the official release reads.