All Eyewear Intelligence articles in Volume 20, Issue 4-5 – Page 3
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Article
De Rigo takes aim at the U.S.
The De Rigo Vision group is committed to development in the U.S. market, having opened one of its 16 subsidiaries in Los Angeles three years ago, following its acquisition of REM Eyewear. In 2018, the operation yielded 15 percent of the group's global revenues, but ambitions are running higher. Maurizio ...
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Short stops
Lunettes Grasset has signed a licensing agreement for prescription frames...
Lunettes Grasset has signed a licensing agreement for prescription frames and sunglasses named after Bensimon, a colorful French brand of affordable fashion
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Article
EssilorLuxottica publishes its first results after the merger
EssilorLuxottica posted an income statement for the first time since last October's record €48 billion merger that brought together the Essilor and Luxottica groups. Although the new entity showed steady growth in constant currencies and relatively stable profits, its shares tumbled after the announcement due to concerns about its future ...
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Article
GrandVision focuses on international expansion after a transitional year
In publishing its results for 2018, GrandVision's management said that 2018 was a year of transition for the company. Over the past 12 months, the group has focused on integrating the businesses it acquired at the end of 2017, led by the Tesco Opticians stores in the U.K., which it ...
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News briefs
After the spin-off of Alcon was approved by Novartis shareholders...
After the spin-off of Alcon was approved by Novartis shareholders with 99.8 percent of the votes at the general annual meeting on Feb. 28, the pharmaceutical giant announced that it had received all necessary authorizations to move ahead. The transaction is now expected to be completed on April 9, 2019, ...
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News briefs
Nau! is entering the African continent with a store in...
Nau! is entering the African continent with a store in the capital of Egypt at the Cairo Festival City Mall. The investment has been made by Magrabi Retail, distributor and partner of the Italian store franchising group for the Middle East and North Africa.
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Article
Afflelou grows more than the market, too
Including its franchisees' revenues and those of its own stores, the French-based Afflelou Group's sales grew by 6.2 percent to €211.2 million during its second quarter, ended on Jan. 31. Sales increased by 6.6 percent in France, despite the negative impact of the “yellow vests” movement, and they went up ...
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Article
Mister Spex facilitates payments, advertises on TV
Mister Spex, the German online marketplace for eyeglasses, is partnering with Computop, a provider of payment solutions, to process transactions in its stores. The Computop Paygate, the payment platform of Computop, enables Mister Spex' shops to accept payments made by customers through their smartphones with Google Pay and Apple Pay ...
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News briefs
Bento Alcofrado announced his resignation and president of Abióptica, the...
Bento Alcofrado announced his resignation and president of Abióptica, the Brazilian eyewear industry association, just before the start of its annual fair in São Paulo, which has been renamed Expo Optical Brasil Open because it is now open to non-members. Alcofrado has been running the association for 13 years. The ...
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Article
Thélios expands its capacity to 4.5 million units
Thélios, the joint venture owned at 51 percent by the French luxury goods group LVMH and 49 percent by Marcolin, has started building a new production unit next to its site in Longarone, in north eastern Italy. The existing manufacturing site was inaugurated in April 2018 and the new facility ...
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News briefs
Optic 2000 has signed a six-month exclusive partnership with Ellcie-Healthy...
Optic 2000 has signed a six-month exclusive partnership with Ellcie-Healthy to distribute the start-up's smart glasses through its 1,200 Optic 2000 stores. The tech company has developed a range of seven glasses designed to prevent the wearers from falling asleep while driving. The frames are equipped with a series of ...
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News briefs
Attendance was up by 2.6 percent overall and by 5...
Attendance was up by 2.6 percent overall and by 5 percent among optical buyers at Vision Expo East 2019, held at the Javits Center in New York City on March 26-29. Of the 14,800 eyecare professionals on hand, about one-third were representing new practices and stores. Meanwhile, on social media, ...
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Article
Krys raises its French market share to 15.5%
For the third year a row, the French voluntary group increased its grip on the French market last year, improving its market share by 0.9 percentage points to 15.5 percent. Performing better than the market, the French shops affiliated with the Krys Group registered a 5.8 percent rise in sales ...
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