All Eyewear Intelligence articles in Volume 21 No. 18+19
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PDF NewsletterEyewear Intelligence Newsletter: Vol 21 - 20+21
Inspecs buys Eschenbach | Manager buys GemOptics from Mondottica | Revo partners with Bode Miller | CVI gains market share | Italy’s main buying groups merge | Covid 2nd wave may hit Fielmann | Edel-Optics invests in Hamburg flagship | New Look Vision Q3 lifted by demand | TechVision looks to expand | Carte Blanche sees no. 2 ranking in France | Global personal luxury goods seen down 23%
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PDF NewsletterEyewear Intelligence Newsletter: Vol 21 - 18+19
Opti2021 cancelled | Mido postponed to June 5-7, 2021 | L’Amy saved by ILG, MadaLuxe | Mondottica changes owners | Essilux posts sharp improvement | Safilo sees uncertain year end | Synsam moves production to Sweden | GrandVision speeds to recovery | 3Z launches Russian online store | Hoya bounces back in lenses | Marchon using Eastman’s acetate | Companies form digital alliance
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News briefsHilco Vision buys German reader firm I Need You
The American company Hilco Vision has acquired I Need You (INY), a Hamburg-based provider of premium reader glasses. The acquisition became effective on Oct. 30. INY was founded by the Gellermann family in 1993. INY founder, Uwe Gellermann, and the company’s joint managing director, Neele Schierholz, will continue to be ...
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ArticleL’Amy saved by ILG, MadaLuxe
L’Amy, the French eyewear maker, which can boast over 200 years of history, has been saved by its existing shareholder, International Luxury Group (ILG), and an American partner, MadaLuxe. The two buyers took over, with similar stakes, the company, which has been renamed Groupe L’Amy Luxe, and its unit Henry ...
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News briefsbrillen.de targets 200 German stores by end 2022
The German omni-channel eyewear retailer brillen.de, which is owned by SuperVista, plans to have a domestic network of 200 stores by the end of 2022 compared with over 90 currently. The banner has been expanding rapidly this year, opening more than 60 branches in the first ten months of 2020, ...
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News briefsMister Spex adds audio eyewear to its portfolio
The German optician and eyewear retailer Mister Spex has included audio glasses and sunglasses in its portfolio. Since Oct. 29, it offers Bose audio sunglasses on its online shop for customers in Germany, Austria and Switzerland, the so-called DACH business region. The models can also be found in some Mister ...
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ArticleNational Vision sees Q4 comparable sales up by 5-9% as pent-up demand moderates
National Vision expects adjusted comparable store sales to grow by only 5 to 9 percent in the fourth quarter, after rising by 12.4 percent in the previous three months, as pent-up demand peters out. The third quarter experienced a strong rebound after comparable sales declined by 36.5 percent in the ...
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ArticleFarfetch, Alibaba, Richemont, Pinault family form a formidable alliance in digital sales
Farfetch, Alibaba, Richemont and the Pinault family, which owns the French luxury goods company Kering, have entered a global partnership with the declared intent of providing luxury brands with “enhanced access” to the Chinese market as well as accelerating the digitization of the global luxury industry. Under the agreement, Farfetch ...
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News briefsAlibaba grows by 30% in Q3
Confirming a recovery from the first wave of the Covid-19 pandemic in China, the Alibaba Group reported a 30 percent increase in overall revenues to 155.1 billion yuan renminbi (€19.9bn-$23.5bn) in the third quarter, leading to a rise of 28 percent in adjusted Ebitda to RMB 47.5 billion ($6.1bn-$7.2bn). The ...
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ArticleSafilo sees uncertain year end after Q3 sales rebound
Safilo could not provide an outlook for November and the holiday season due to growing uncertainty resulting from a resurgence of Covid-19 cases in many countries after posting a strong improvement in sales in the third quarter and seeing a continued positive development of its business in October. In the ...
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ArticleAmazon Q3 sales up 37%, net profit triples
Amazon’s third-quarter sales grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign exchange rates during the quarter, sales increased ...
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News briefs
French suppliers to keep normal services during the new lockdown
Faced with a new wave of the Covid-19 pandemic, the French government decided last week to implement another national lockdown as of Nov. 1 and for at least one month, closing all retail businesses considered as non-essential. As with the first lockdown in the spring, opticians are allowed to remain ...
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Article
Bausch Health Q3 revenues up 28% from Q2
Bausch Health’s revenues were $2,138 million in the third quarter of 2020, down by 3 percent from a year earlier both on a reported and an organic basis, as the company continued to suffer from the impact of the Covid-19 pandemic. But, compared with the second-quarter, the top line was ...
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ArticleEssilorLuxottica sees sharp improvement in Q3
EssilorLuxottica bounced back in the third quarter after second-quarter revenues were nearly halved amid Covid-19 lockdowns. Sales in the three months to Sept. 30 were down by 5.2 percent from the year-ago quarter to €4,085 million, or by 1.1 percent at constant exchange rates. The company did not release earnings ...
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ArticleGrandVision recovers faster than expected in Q3
GrandVision enjoyed a stronger-than-expected recovery in the third quarter, especially thanks to the performance achieved in the Benelux, Germany, Austria and Switzerland, but the company remains cautious as the second wave of the Covid-19 pandemic hits Europe. So far, one of the positive aspects of the pandemic has been to ...
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News briefsInspecs extends license agreement with O’Neill
Inspecs has agreed a new “long-term” license agreement with O’Neill, the international surf and snowwear brand. The companies have working together since 2013 and no further details on the length of the renewal were released. As part of O’Neill’s sustainability initiatives, Inspecs has recently created a frame for the brand ...
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Article3Z launches nationwide Russian online store
The Russian eyewear retailer 3Z has launched an online store, which offers delivery all over the country, including the remote, hard-to-reach regions of the far north. No other Russian eyewear retailer is currently operating nationwide. 3Z is one of Russia’s biggest ophthalmological networks, operating 33 diagnostic centers and four clinics ...
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News briefs
Bollé launches augmented reality experience for contactless sales
This summer, Bollé launched an app that allows users to try out Bollé’s Phantom Glass technology directly on a smartphone, a first on the sports market. Now the company introduced a new augmented reality (AR) filter with the help of its partners QReal and M7 Innovations. Consumers can not only ...
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ArticleHoya bounces back in lenses, improves operating margin
As previously announced by Alexandre Montague, the new chief executive of Hoya Vision Care, in an interview with us, eyeglass lenses’ revenues of the Japanese group Hoya have bounced back to pre-Covid levels. In the presentation of its results for the second quarter ended on Sept. 30, the company reported ...
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News briefsKlarna snaps up Woilà
Klarna, the Swedish online payments group which offers ”buy now, pay later” solutions, has acquired the technology and team of the startup Woilà, whose app allows consumers to get refunds if the price of a product falls after an online purchase is completed. Klarna said the acquisition, for which terms ...
