All Eyewear Intelligence articles in Volume 21 No. 16+17 – Page 2
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News briefs
Kenmark Eyewear renews Kensie license
Kenmark Eyewear has renewed until June 2024 an exclusive license agreement for the development, production and worldwide distribution of eyewear under the Kensie brand. The companies have been partners since 2009. Kenmark launched Kensie’s eyewear collection, which comprises optical frames, sunglasses and a girls’ range. Kensie is a clothing brand ...
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News briefs
Inspecs names Nev Trotter general manager of Norville
Inspecs has appointed Nevil “Nev” Trotter as general manager of Norville, the British manufacturer of spectacle lenses it bought on July 14. Immediately after buying Norville, which was in administration, Inspecs started searching for a new general manager to run the business. Trotter joins Inspecs from Specsavers, where he was ...
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News briefs
TikTok ban suspended by U.S. judge
A federal judge, Carl Nichols, has decided to suspend an executive order issued by president Donald Trump that would have banned the Chinese video sharing app TikTok from being downloaded on mobile phones in the U.S. The ban was scheduled to start from Sept. 27. TikTok filed an appeal against ...
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News briefs
Pro Optik hires Gerd Kaufmann as CFO
Pro Optik, the German eyewear chain, has hired Gerd Kaufmann. He previously held a similar position with bielomatik, a German plastic welding firm. Micha Siebenhandl, Pro Optik’s chief executive, who was appointed in March 2020, has been reinforcing the company’s management team over the past weeks. The company previously announced ...
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News briefs
Smith transfers consumer & dealer services division to Portland
The American helmet and eyewear brand Smith Optics has transferred its consumer & dealer services division to its headquarters in Portland, where it will join the product, marketing and sales departments. The division was previously located at Smith’s Utah-based manufacturing facility. The Portland team will include account managers coming from ...
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ArticleAnt Group debuts cross-border trade platform
Chinese fintech company Ant Group, part of e-commerce giant Alibaba, launched an international trade and financial service platform powered by its blockchain-based technology solution AntChain to facilitate the cross-border sale of products and services by small and medium enterprises (SMEs) and to reduce costs for financial institutions serving these companies. ...
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News briefs
GlassesUSA to sell capsule collection by Champion
GlassesUSA.com will be the near-exclusive online retailer for a new unisex eyewear capsule collection by Champion, the American sportswear brand. Certain sunglass models will be sold through Champion’s website as well. Consisting of 18 eyeglasses and 14 sunglasses – with retail prices starting at $220 and $160 respectively – the ...
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News briefs
DaTE attracts 1,000 visitors
The 8th edition of the eyewear trade show DaTE attracted 1,000 professionals and buyers. The event featured over 80 brands and was held Sept.19-21 at the Stazione Leopolda venue in Florence. Because of the Covid-19 pandemic, it was the first European trade show for the eyewear industry this year and ...
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News briefs
De Rigo in license agreement with Tumi
Tumi, a high-end brand of travel and business accessories, has signed with De Rigo an exclusive agreement for the design, production and distribution of sunglasses and prescription frames for both men and women. The collection is set to debut at Vision Expo East, scheduled for March 18-21, prior to its ...
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ArticleKlarna grows in the pandemic
One clear sign of the boom in the “buy now, pay later” (BNPL) model is the latest fundraising round of Klarna, which saw the Swedish online payments group set a new record for the valuation of a European private fintech company at $10.65 billion, nearly double the $5.5 billion valuation ...
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ArticleKKR buys 1-800 Contacts
The investment firm KKR has agreed to buy 1-800 Contacts, the American online retailer of contact lenses, from AEA Investors, which acquired the company in January 2016. No financial details were disclosed but the news agency Reuters cited an unnamed source indicating that the deal was worth more than $3 ...
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ArticleInspecs posts H1 loss but sees better second half
Inspecs swung to an interim loss in its first results as a public company, but forecast a better second half despite the impact of Covid-19. The British company, which joined the London Alternative Investment Market in February, reported a pretax loss of $8.3 million in the first six months of ...
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News briefs
WMDUK to distribute Spy+ in the U.K.
Bollé Brands has appointed VMDUK to distribute in the U.K. Spy+, a Californian brand of sunglasses, prescription frames and winter products. Spy+ was founded in 1994 in San Diego and in September 2019 it was taken over by Bollé Brands, which is supporting its expansion in Europe. VMDUK is headed ...
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ArticleFrench optical expenses up 5.6% in 2019
In its annual report published last week, the French ministry of health calculated that the overall health expenses in the country reached a total of €208 billion last year, an increase of 2.1 percent from 2018. The ministry also announced that the average “reste à charge” - the share of ...
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News briefs
Top Rossignol executive joins Bollé Brands
François Beneben has left the position of vice president of the Rossignol Group for Europe, Asia and the Southern Hemisphere, which he had held since March 2018, to join Bollé Brands as president of its Sport & Luxury business, covering the group’s brands of sunglasses and goggles: Bollé, Spy, Cébé, ...
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News briefs
Gifts to French opticians to be forbidden
Initially launched in 1993 in order to regulate relations between industry suppliers and health care professionals, and to ensure the independence of the latter in their choice of products offered to consumers, the so-called “antigifts” French law will be extended to opticians as of Oct. 1 this year. It will ...
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ArticleU.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart
The U.S. Department of Commerce said that it has delayed until Sept. 27 the prohibition of the Chinese mobile application TikTok. The department had previously announced that the ban would start today. The decision comes after U.S. President Donald Trump said he had given his “blessing” to a proposed deal ...
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News briefs
Club OpticLibre expands in Belgium
Club OpticLibre, the French voluntary group of opticians, has reached an agreement to take over its Belgian peer Obos. The French company represents some 1,500 stores, 100 of which are in Belgium. With the tie-up, the network will exceed 1,700 locations and the firm aims to have sales of more ...
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News briefs
MetLife buys Davis Vision, Superior Vision
The US financial services firm MetLife has entered into a definitive agreement to acquire Versant Health from an investor group led by Centerbridge Partners for $1.675 billion in an all-cash transaction. Versant Health owns the managed vision care brands Davis Vision and Superior Vision. Following the acquisition, MetLife will gain ...
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News briefs
Oakley factory to produce face shields
EssilorLuxottica’s frame unit Luxottica has converted part of Oakley’s Foothill Ranch factory in Orange County, California, to supply face shields to meet growing demand for protective equipment against the Covid-19 virus. The 550,000 square foot facility produces Oakley eyewear and goggles and the face shields will be manufactured alongside existing ...
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