All Eyewear Intelligence articles in Volume 22 No. 21+22 – Page 2
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ArticleDTC and America drove EssilorLuxottica’s Q3 growth
Reporting its results for the first time since the integration of GrandVision business, consolidated in the accounts since July 1, EssilorLuxottica reported a 33 percent increase in Q3 revenues to €5,473 million as compared to 2019 and in constant currencies. On a comparable basis, total sales in the quarter for ...
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ArticleHoya Q2 sees sales of lenses inch up despite Covid-19 resurgence
Hoya Corporation saw revenues in the second quarter ended September 30 rise by 16 percent compared to the year earlier to 162.6 billion Japanese yen (€1,234.1m-$1,426.7m), with both Life Care and Information Technology segments continuing their recovery despite a resurgence of Covid-19 in some countries and regions. On a constant ...
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News briefs
Google hails the inventor of the soft contact
Last Wednesday’s Google “Doodle” – the search engine’s ever-changing commemorative logo illustration – paid tribute to Otto Wichterle, the Czech chemist who held about 180 patents and invented the soft contact lens. This Oct. 27 was his 108th birthday. Wichterle was born in Prostějov, in what was then the Austro-Hungarian ...
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News briefs
Silmo and Copenhagen Specs go to Barcelona
Silmo and its Copenhagen Specs partner have announced that they would extend the Specs eyewear fair concept to Barcelona in 2022. The format of the new show will be focusing on the eyewear designer segment and based on the same mix of business, networking and partying as the Copenhagen event. ...
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News briefs
390 brands and 1,500 buyers active on ShopVISION
The Vision Council and RX, formerly known as Reed Exhibitions, have announced a series of figures in relation with the performance of ShopVISION, their global digital sourcing platform kicked off in June last year in collaboration with Balluun, a supplier of B to B marketplace digital solutions. According to the ...
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News briefs
Ray-Ban enters the NFT market
EssilorLuxottica is entering the world of non-fungible tokens (NFTs) with its Ray-Ban brand in collaboration with Extraweg, a German artist renown for its 3D Motion Designs. NFTs, which are assets certifying the authenticity and uniqueness of digital products, have been gaining popularity in the contemporary art sector in the last ...
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ArticleGrandVision reports 10% comparable Q3 growth vs. 2019
GrandVision reported a 2.0 percent year-on-year increase in Q3 revenues to €1,068 million, also representing a 2.3 percent hike as compared to the €1,045 million reported for the pre-pandemic 2019 year. However, on a comparable currency basis, the group’s total quarterly sales grew by 5.8 percent as compared to Q3 ...
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News briefs
Inspecs maintains full-year outlook but cautious on supply chain issues
UK eyewear maker and distributor Inspecs Group maintained its full-year outlook as the positive start to the half year continued into the third quarter. However, it remained cautious over global supply-chain issues currently hampering the global economy. Bath-based Inspecs said revenue in the nine months to September 30 came in ...
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ArticleJINS revenues up 6% for the year, in spite of Q4 drop
JINS Holdings, the Japanese-based retail group, reported a 12.4 percent year-on-year drop in quarterly sales for the last quarter of its financial year ended Aug. 31. The Q4 topline figure declined to 16.2 billion Japanese yen (€122m-$142m) versus Q4 2019, in stark contrast with the 56.2 percent year-on-year jump reported ...
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News briefs
Eyemart Express launches click-and-collect service
Eyemart Express, a U.S. optical retail group with over 230 stores across the country, has launched a click-and-collect program with same-day delivery for its customers, Vmail reports. The new system, which has been developed in-house by the company’s IT teams, has been implemented in all the group’s stores, with just ...
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ArticleMICROOLED partners with urban mobility start-up on smart eyewear
Cosmo Connected, a French start-up company founded in 2015, has announced the launch of Cosmo Vision, its connected glasses designed to replace the use of smartphone for bicycle and motorbike users during their rides. The company, which is led by Romain Afflelou, develops safety solutions for urban mobility such as ...
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News briefs
Serengeti moves all its production to Italy
Serengeti, the high-end sunglasses’ brand of the Bollé group, has announced that it would move all its manufacturing base to Italy. While the company was already producing some of its collections in the country, it said it would transfer all of its lens and frame production to Italy from Spring ...
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ArticleSynsam targets €690-€840 million valuation
Synsam, the leading optical retailer in the Nordics which recently declared its intention to go public, published its Introduction Public Offering (IPO) prospectus yesterday and announced that the first day of trading at the Nasdaq Stockholm stock exchange is scheduled for next Oct. 29. The complete document is available in ...
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News briefs
Kubota gets ISO certification for myopia management device
Kubota Vision, a subsidiary of Kubota Pharmaceutical, has announced that it has received the Quality Management System - ISO 13485:2016 certification, an international safety and quality standard, for the design and development of ophthalmic medical devices. The company said it was in the final development stages of its Kubota Glass. ...
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News briefs
Horizons launches VR system for tailored progressive lenses
Horizons Optical, the supplier of lens designs, coatings and services, has launched Mimesys, a new technology for the personalization of progressive lenses, at the recent Silmo trade fair in Paris. Based on VR measurements, the system registers and interprets the gaze dynamics of the patients. The information is collected through ...
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ArticleSolid growth for Kering Eyewear in Q3
Kering Eyewear reported total revenues of €168 million for the third quarter of its current fiscal year. Corrected from royalties and intragroup operations, Q3 consolidated sales stood at €138 million, representing a 25 percent increase from the same period last year, and also significantly higher than the €100 million reported ...
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News briefs
Blackfin expands its HQ
On Oct. 13, for its 50-year anniversary, the eyewear brand Blackfin inaugurated a new headquarters, called Black Shelter and designed by Nicola De Pellegrini and Giovanni Bez of the architectural firm Anidride Design. It has tripled the original building – located in Taibon Agordino, amid the Belluno Dolomite mountains – ...
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News briefs
J & J sales of contact lenses up 6% in Q3
Johnson & Johnson reported a 6.2 percent year-on-year increase to $882 million in its global sales of contact lenses for the third quarter of the current financial year, or 6.4 up at constant exchange rates, however still below $893 million revenue for the segment registered in Q3 2019. The quarterly ...
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News briefs
Report sees 5% CAGR growth rate for eyewear packaging market until 2031
The international eyewear packaging market is expected to grow at a compound average growth rate of 4.7 percent over the next decade, according to a new industry report by Persistence Market Research. The U.S. research company said the growth would be fueled by the general increase of the eyewear market ...
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