All Eyewear Intelligence articles in Volume 22 No. 15+16 – Page 2
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ArticleKering Eyewear H1 sales top 2019 level by 22%
Kering Eyewear reported a 61.8 percent year-on-year jump in revenues and on comparable currency basis, reaching €383 million for the first half of its 2021 fiscal year. Deducting €57 million in royalties and intragroup sales, the company’s net contribution to the group’s H1 revenues totaled €326 million, up 69.8 percent ...
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News briefs
United Nations adopts eye health resolution
The United Nations General Assembly unanimously passed a new resolution on July 23, committing the international community to give access to eye care for the 1.1 billion people currently living with preventable sight loss by 2030. Sight loss has been estimated to cost the global economy $411 bn in productivity ...
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ArticleSun Hing turns a small profit despite 23% sales drop
Sun Hing Vision Group, the Hong Kong-based eyewear company, reported a 23.1 percent year-on-year drop in annual sales to 702 million HK dollars (€76.4 m-€90.3m) for its 2020/21 fiscal year as both its OEM and distribution business were significantly impacted by the Covid-19 pandemic. The OEM business’ segment sales, which ...
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News briefs
Leica Eyecare partners with Cottet in Spain
The Eyency, Novacel’s distributor in Spain for Leica Eyecare, has signed an exclusive distribution partnership with Cottet Óptica y Audiologia for the retailing of the famous German brand’s licensed lenses in the region of Catalunya. The Barcelona-based retail chain will also have a semi-exclusivity for the rest of Spain as ...
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News briefs
B + L invests €90m in Irish plant
Bausch + Lomb announced last week a €90 million investment plan to expand its factory in Waterford, Ireland, in order to boost its production capacity for the Biotrue ONE day contact lenses’ range. The construction is expected to start in 2023 and to generate an additional 130 jobs on the ...
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News briefs
Optic 2000 appoints new secretary general
The French retail chain Optic 2000 has appointed Benoit Jaubert as its new secretary general starting next September following the departure of Yves Guénin, Acuité reports. Jaubert is new to the optical sector but has been the secretary general of Darty, a French leading retailer in the home appliances’ sector, ...
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News briefs
J & J contact lenses’ sales up 53.4% in Q2
Johnson & Johnson reported a 56.7 percent year-on-year increase to $868 million in its global sales of contact lenses for the second quarter of the current financial year, or a 53.4 percent rebound in constant currencies. The strong growth was fueled by the Covid-19 market recovery, the launch of new ...
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ArticleLuxottica facing €125m penalty from French competition watchdog
L’Autorité de la concurrence, the French market competition regulator, sanctioned Luxottica yesterday with a €125 million penalty for anti-competitive behaviors in France between 2005 and 2014. EssilorLuxottica immediately announced that it would appeal the decision, highlighting that the group had always conducted its business according to the highest standards of ...
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ArticleDemo lenses find new life in eyewear frames
A few months ago, Yair Neuman, a London-based eyewear designer, and Cubbitts, an eyewear maker and retailer also based in the British capital, launched FUSED, a collection of eyewear made from DELEREX. The new material, developed and patented by Neuman, is entirely recycled from demo lenses collected at optical stores ...
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News briefs
Warby Parker’s new app renews prescriptions for $15
Warby Parker, the U.S. omnichannel retailer, has renamed its Prescription Check smartphone application to Virtual Vision Test, adding the options for customers to renew their eyeglasses and contact lenses’ prescriptions for a $15 fee. Virtual Vision Test app users need to be at least 18 years old and upload their ...
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News briefs
Electric partners with Volcom in Europe
Liberated Brands Europe, an entity affiliated with Volcom Europe, is partnering with Electric for the distribution of the Californian sport and lifestyle eyewear brand in Europe. The agreement includes the wholesale distribution of Electric’s goggles and sunglasses as well as its e-commerce and marketing operations. The eyewear brand, which is ...
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News briefs
MPG renames all subsidiaries
The Michael Pachleitner Group is changing the names of all its subsidiaries, switching them to the MPG brand name for unity purposes. This applies to the group’s headquarters in Graz, Austria, as well as to the production site in Germany and to the sales’ subsidiaries in France, Germany and Hong ...
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News briefs
Luxottica acquires a training institute in Tuscany
Luxottica has announced the acquisition of the Italian Institute of Research and Studies in Optometrics (IRSOO), a historical school of optics and optometry located in the town of Vinci, near Florence. The institute has been purchased from the Empolese Valdelsa Development Agency by the Italian group after a public selection ...
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ArticleJimmy Fairly to boost international business under new ownership
The vertically integrated French eyewear brand Jimmy Fairly is changing hands after its founders, Antonin Chartier and Sacha Bostoni, and the investment fund Experienced Capital, their main financial partner since 2017, agreed to sell a majority stake of the company to the HLD investment fund. Experienced Capital will exit the ...
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News briefs
Safilo adds Carolina Herrera to portfolio
Safilo has announced the signature of a new license agreement with Carolina Herrera for the design, manufacture and distribution of women’s eyeglasses and sunglasses under the New York-based brand’s name. The 5-year agreement will be effective as of Jan. 1, 2022. Commenting on the announcement, Angelo Trocchia, CEO of Safilo ...
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News briefs
JINS’ Q3 sales up 56%
The Japanese-based optical retailer JINS reported a 56.2 percent year-on-year increase in Q3 revenues, reaching total sales of 16,098 million yen (€124.1m-$146.4m). The domestic market, which accounts for roughly 80 percent of the company’s revenues, grew by 66.9 percent while the international market segment increased by 40.4 percent. Beyond the ...
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News briefs
HOYA partners with Myopia Profile on training program
HOYA Vision Care is partnering with Myopia Profile, an international information resource on myopia management, to launch a co-created certified training program to educate eye care professionals on the topic and empower them to prescribe spectacle lenses for children. The program includes certified courses on myopia, the current myopia management ...
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News briefs
Warby Parker to boost brick-and-mortar retail
Bloomberg reports that Warby Parker, the U.S. omnichannel optical retailer, is planning to open more than 30 brick-and-mortar stores in the country before the end of the year, which would bring its total number of retails locations up to roughly 160. Neil Blumenthal, a founder and co-CEO of the company, ...
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News briefs
Opticalia expands retail footprint
The Spanish-based optical group Opticalia has extended its retail presence to a total of 1,111 locations since the start of the year across Spain, Portugal, Colombia and Morocco, according to a report in the trade publication Look Vision. 75 new members have reportedly joined Opticalia’s network, including 35 in Morocco ...
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News briefs
New DACH sales manager for Maui Jim
Maui Jim has appointed Anne Stahlecker as its sales director for the DACH region, a position that also includes the management of sales in Hungary, Poland and the Netherlands as well as the opening of new neighboring countries. A certified optician, Stahlecker has previously worked as DACH key account manager ...
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