All Eyewear Intelligence articles in Volume 22 No. 15+16
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PDF NewsletterEyewear Intelligence Newsletter: Vol 22 - 15+16
EssilorLuxottica delivers strong Q2 | Luxottica facing €125m fine in France | GrandVision close to full Covid recovery | Fielmann accelerates in H1 | Hoya back to pre-Covid levels | Kering Eyewear tops 2019 sales by 22%, acquires luxury brand Lindberg | Safilo, Marcolin rebound strongly | Silmo announces 500+ exhibitors | Jimmy Fairly, GLCO change hands | Essilux opens new innovation center | Demo lenses find new life in frames | Luxexcel steps up in smart lenses
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News briefs
The Vision Health Alliance goes live
The Vision Council announced last week that the Vision Health Alliance website and social media channels were now live. The Vision Health Alliance is the new initiative by the U.S. industry association to raise the public’s awareness on eye health issues, and in particular the importance of regular eyesight checks. ...
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News briefs
Carl Zeiss Meditec revenues and margins up double-digit
Carl Zeiss Meditec reported revenues of €1,198 million for the first nine months of its 2020/21 financial year, growing by 23.8 percent year-on-year in reported terms and by 27.6 percent in constant currencies. As compared with the 2018/19 fiscal year, 9-month revenues were up by 16.6 percent. The growth was ...
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News briefs
Carrera goes DTC in the U.S.
Safilo is taking another step towards its digital transformation with the launch of a new e-commerce platform for its house brand Carrera in the U.S. The launch of the dedicated website, us.carreraworld.com, coincides with the 65th anniversary of the brand. The Carrera direct-to-consumer site is already live and offers an ...
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News briefs
Solstice Sunglasses emerges from Chapter 11
The Solstice Sunglasses retail chain is emerging from Chapter 11 proceedings with the support of a $6.5 million credit facility provided by Second Avenue Capital Partners, a financial company specializing in asset-based loans for the retail and consumer products’ industry. Solstice, which was part of the Safilo Group until June ...
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ArticleGrandVision close to full Covid recovery in Q2
For its first results’ presentation since the takeover by EssilorLuxottica on July 1, GrandVision reported a strong rebound in both revenues and profits as compared to last year but fell short of returning to pre-pandemic levels. The recovery was driven by the easing of Covid-related restrictions in most countries, continuing ...
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News briefs
Iconix redeems its notes while merging with Lancer
The Iconix Brand Group has announced the full redemption of its outstanding 5.75 percent convertible senior notes, which were due in 2023, at their initial aggregate price of $125 million plus accrued interest, in connection with its planned merger with Lancer Capital on Aug. 4. The announcement coincided with the ...
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News briefs
Bausch + Lomb Q2 sales up 33%
Bausch Health reported a year-on-year increase of 38 percent to $934 million in quarterly revenues for its Bausch + Lomb (B + L) unit. In constant currencies, B + L Q2 sales grew by 33 percent from the same period in 2020. The unit’s revenue growth was driven by the ...
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News briefs
Kering Eyewear to integrate Zeiss Sunlens’ new eco-friendly lenses
Kering Eyewear and ZEISS Sunlens have announced the reinforcement of their longtime collaboration, focusing on sustainability and reducing the carbon footprint of sunglass manufacturing. This year, ZEISS Sunlens has developed new eco-friendly lenses with a 39 percent share of bio-based material produced from organic waste. That, combined with improvement in ...
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News briefs
EssilorLuxottica names new president of wholesale for North America
EssilorLuxottica has appointed Fabrizio Uguzzoni as president of wholesale for the group in North America. Uguzzoni has been working at Luxottica since 2019 after previous experiences at major companies like Whirlpool or Bayer. He started in the eyewear sector as Luxottica’s purchasing director in Italy before moving to the U.S. ...
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News briefs
Etnia Barcelona acquires Lool Eyewear
Etnia Barcelona has announced its acquisition of Lool Eyewear, an eyewear start-up also based in the Catalan city that specializes on lightweight eyewear. Lool Eyewear eyeglasses and sunglasses are made from a single sheet of stainless steel, without welding or screws, and integrate the company’s patented hinge called The Hub. ...
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ArticleSafilo accelerates in Q2
Safilo Group confirmed its recovery during the presentation of its Q2 results that showed an acceleration in the company’s sales growth from the previous quarter, driven by the U.S. and China, Smith, its prescription eyewear business and e-commerce. The Italian company also significantly increased its operating profitability thanks to the ...
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ArticleSilmo Paris announces over 500 exhibitors
The organizers of Silmo have announced that more than 500 exhibitors from 32 countries have already confirmed their participation in the next edition of the show scheduled to take place in Paris from next Sept. 24 to 27. It will be the first edition of Silmo Paris since 2019 and ...
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News briefs
VSP partners with e-sports company
VSP Global has announced the signature of a multi-year partnership with Kinds Guard Gaming, the NBA 2K League affiliate of the Sacramento Kings’ NBA franchise. NBA 2K is a series of video games franchised by the U.S. professional basketball league. VSP Global’s innovation center and the Kings Guard Gaming team ...
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News briefs
Over 120 brands to show at DaTE
The organizers of DaTE, the Italian trade show focusing on international designer eyewear, have announced that a total of over 120 brands will be exhibiting their collections in the ninth edition of the show taking place in Florence from Sept. 11 to 13. Confirmed brands include Dita, Face a Face, ...
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ArticleMarcolin on track towards full Covid recovery
Marcolin reported a strong sales recovery for the first six months of 2021 as compared to the same period last year, with an acceleration in Q2 that brought back the Italian group at pre-pandemic revenue level. The company also significantly improved its profitability ratios during the period. Total H1 sales ...
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ArticleEssilorLuxottica delivers strong Q2
EssilorLuxottica reported total revenues of €4,709 million for the second quarter of its 2021 fiscal year, up 92.5 percent in reported terms and 103.1 percent at constant exchange rates as compared to 2020. Compared to the same period in the pre-Covid 2019 year, revenues increased by 9.2 percent in neutral ...
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ArticleHoya returns to pre-Covid sales level in lenses
Hoya Corporation reported a 45 percent year-on-year increase in Q1 group revenues to 158.0 billion Japanese yen (€1,212m-$1,439m), confirming its rebound from the Covid-19 crisis with strong sales’ growth in both its Life Care and Information Technology segments. On a currency neutral basis, quarterly revenues grew by 39 percent as ...
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News briefs
Lozza is named a historic Italian brand
Lozza, the eyewear brand owned by the De Rigo Group, has been added to the special register of historic Italian brands. Founded in 1878 by Giovanni Lozza and the Frescura brothers in the Belluno eyewear district, the brand is renowned for its pioneering use of celluloid, the timeless design of ...
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News briefs
Safilo launches Blenders Eyewear in the UK & Ireland
Safilo Group has announced the launch of its Blenders Eyewear brand in the United Kingdom and Ireland, its first expansion in Europe after the go-live of the brands’ e-commerce platforms in Canada and Australia in the first quarter of 2021. Safilo said that it chose to start in Europe with ...
