The latest news, analysis and data on corporate strategic initiatives, the latest mergers and acquisitions, IPOs, insolvencies and cooperations in the eyewear industry.
EssilorLuxottica’s credit rating is upgraded by S&P Global
S&P Global Ratings has upgraded EssilorLuxottica’s long-term credit ratings with a stable outlook.
Essilux owner Delfin eyes possible shareholding, management changes
Delfin, the Del Vecchio family holding company that controls EssilorLuxottica with a 32.4 percent stake, could make changes to its shareholding structure and management as part of a new attempt to resolve a long-standing dispute between the heirs of Luxottica founder Leonardo Del Vecchio, according to Italian media reports.
Armani to begin talks with Essilux, LVMH and L’Oreal on sale of 15% stake
Armani is preparing to begin talks with EssilorLuxottica, L’Oreal and LVMH on the sale of a 15 percent stake, following through on instructions laid out in his will by Giorgio Armani, according to media reports.
CooperVision opens new global innovation hub, updates on contact lens pipeline
CooperVision officially opened The Vision Centre, its new global innovation hub, in Southampton, England, on Sept. 23, marking the occasion with an update on six major contact lens pipeline advancements it expects to bring to the market in coming years.
Topcon leads seed round in Moorfields AI spinout Cascader
Topcon Healthcare has led a seed funding round in Cascader, a London-based start-up applying artificial intelligence (AI) to the detection and management of eye disease. The amount was not disclosed, and no other investors were named.
Revenio lays out new strategy, betting big on Visionix
Revenio Group used its Capital Markets Day in Helsinki on September 15 to set out its strategy and financial targets for 2027-2029, its first full presentation since agreeing to acquire the French diagnostics group Visionix last April in a €290 million deal (see our earlier coverage). The event was held ...
Del Vecchio heir calls for a change of strategy at Essilux
Leonardo Maria del Vecchio, one of the eight heirs of Luxottica founder Leonardo Del Vecchio, called for a change of strategy at EssilorLuxottica, in which the Del Vecchio family holding company Delfin is the largest shareholder with a 32.4 percent stake, noting that value of the eyewear giant’s stock has ...
Del Vecchio heir steps down from Essilux management positions
Leonardo Maria del Vecchio, one of the eight heirs of Luxottica founder Leonardo del Vecchio, is stepping down from the management positions he holds at EssilorLuxottica, namely Chief Strategy Office and President of the Ray-Ban brand, the company confirmed.
ZEISS bets on eye-tracking as smart glasses learn to look inward too
ZEISS Ventures has led a €2.2 million investment round in SeeTrue Technologies, a Finnish tech company developing miniaturized eye-tracking technology, the group announced on August 5. Superhero Capital and North Karelia Growth Fund also participated, alongside other investors. The funding is aimed at accelerating the commercialization of SeeTrue’s low-power eye-sensing ...
Delfin considering asset spinoff, shareholding pact for controlling Essilux stake
Delfin, the Del Vecchio family holding company that controls EssilorLuxottica with a 32.4 percent stake, is considering a spinoff of its assets among other possible solutions to an impasse between the heirs of Luxottica founder Leonardo Del Vecchio, according to a report in Il Sole 24 Ore.