All Eyewear Intelligence articles in Volume 22 No. 23+24
View all stories from this issue.
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Sponsored articleOnline prescription eyewear business up for acquisition
Sponsored content. Robson Kay Associates Ltd are instructed to invite offers for the total business assets of an end-to-end prescription eyewear online retailer. The business is based in the northwest of England, where approximately 25 staff are currently employed. It cuts lenses in-house, using two 2014 Meisystem Bisphera Double R-XDD ...
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News briefs
TOG post sales and profit increases
The Thai Optical Group reported a 5.1 percent year-on-year increase in revenues for the third quarter of its current financial year, reaching 573 million baht (€15.2m-$17.1m). The company said that its Q3 sales increased in the Americas and EMEA regions but declined in Australia and Asia-Pacific due to the ongoing ...
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News briefs
French investment fund takes majority share in Seaport ODLM
B & Capital, a French investment fund specializing on small and medium-sized business, has announced its acquisition of a majority stake in Seaport ODLM, the French eyewear company, following the retirement of Guy Azoulay, one of the two co-founders. Francis Kessous remains a shareholder and president of the group’s companies. ...
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News briefs
Afflelou Q1 sales up 9% vs. 2019, but down year-on-year
The Afflelou group reported network sales of €208.9 million for the quarter ended Oct. 31, down by 4.9 percent from the same period in the previous year, which was marked by an exceptional performance following the reopening of the group’s stores after the first lockdown in France. As compared to ...
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ArticleEssilorLuxottica divests shops in Italy, invests in Sweden
EssilorLuxottica and its retail subsidiary GrandVision announced on Dec. 17 that they have found an agreement for Vision Group to acquire their VistaSi chain in Italy, including the brand and 99 stores, as well as 75 GrandVision stores in the country. The financial terms of the transaction were not disclosed. ...
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News briefs
Vanni Eyewear becomes a Benefit Corporation
Vanni Eyewear, the Italian eyewear company behind the Vanni and Derapage brands, has announced that it was changing its name to Vanni S.r.l. Società Benefit. The move follows the decision of Vanni’s owners, Giovanni Vitaloni, also president of Mido and Anfao, and Alessandra Girardi, to turn the company into a ...
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PDF NewsletterEyewear Intelligence Newsletter: Vol 22 - 23+24
LVMH takes full control of Thélios | Akoni adds Valentino to portfolio | Mykita opens first shop in South America | Essilux divests in Italy, invests in Sweden | Zeiss reports record revenue in 175th year | EMEA drove CooperVision in Q4 | Subscription plans boost Synsam sales | Mister Spex sales up 11% in Q3 | Afflelou annual sales top 2019 level | Kering Eyewear banks on blockchain for supply chain sustainability | Visottica consolidates group structure | Ukraine chain rolls out major growth plan
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News briefsThe OSA has a new chairman
At the annual general meeting on Dec. 10, the chairmanship of the Optical Suppliers Association (OSA) passed from Stuart Burn to Andy Hepworth, who will be serving until December 2023. Roy Stoner will be serving concurrently as vice chairman. In addition, Jayne Abel, Rob Barrow and Laura Haverley joined the ...
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News briefs
A new supervisory board chairman at Carl Zeiss
Dr. Dieter Kurz is stepping down this month as chairman of both Carl Zeiss’s supervisory board and the Carl Zeiss Foundation’s shareholder council. Replacing him in both as of January is Dr. Michael Bolle, who has just joined the supervisory board as the foundation’s representative. Kurz has been with Zeiss ...
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ArticleZEISS reports record revenues in anniversary year
ZEISS has reported record revenues of €7,529 billion for the fiscal year ending Sept. 30, 2021, with double-digit growths in all segments. The group topline grew by 19.6 percent as compared with the previous year, and by 17.1 percent versus the pre-Covid 2018/19 fiscal year. Over 90 percent of sales ...
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News briefs
Pair Eyewear raises an additional $60 million
After having raised $12 million a few months ago, the U.S. direct-to-consumer brand Pair Eyewear just closed an additional $60 million Series B fundraise. The latest financing round was led by NEA and Connect Ventures but also included several other investment funds as well as personalities from the U.S. sporting ...
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News briefs
Optic 2000 partners with Paris 2024
The French retail chain Optic 2000 has announced the signature of an “official fan” partnership with the Paris 2024 Olympic and Paralympic Games. The company said that the partnership, which is set to last from March 2022 to 2024, will be accompanied by a series of programs around sports and ...
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News briefs
New dates for ExpoÓptica
ExpoÓptica, the Spanish eyewear trade show, has shifted the dates of its 2022 edition to April 1 to 3, 2022. The organizers had to postpone the event as the IFEMA fairgrounds where it is taking place were fully booked for the first quarter of next year, LookVision reports. The show ...
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News briefs
Safilo’s Smith brand introduces custom, 3D-printed goggles
Safilo Group, the Italian eyewear company, has begun 3D-printing products through its American brand of sports glasses, Smith, with what it calls Imprint 3D Technology. One result is the Smith I/O MAG Imprint 3D goggle, which it claims to be the “first custom goggle built to the individual features of ...
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ArticleAfter Balmain, Akoni adds Valentino to portfolio
Valentino, the Italian fashion house, and Luxottica have announced the termination of their global eyewear licensing agreement in June 2022, after a five-year collaboration that has been described as successful by both partners. The Rome-based brand announced on the same day that it had signed a new licensing partnership with ...
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News briefs
Record revenues for Carl Zeiss Meditec in 2020/21
Carl Zeiss Meditec posted record revenues of €1,647 million for its full 2020/21 fiscal year, growing by 23.3 percent year-on-year in reported terms and by 26.5 percent in constant currencies. The growth was driven by the Ophtalmic Devices unit where sales jumped by 29.8 percent year-on-year and at constant exchange ...
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ArticleLVMH takes full control of Thélios
LVMH and Marcolin have announced in a short common statement last Friday the end of their joint venture partnership in Thélios, with the French luxury group purchasing the 49 percent share of Marcolin in the company. No financial details were disclosed. LVMH, which becomes the sole owner of Thélios, said ...
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News briefs
Afflelou wins CSR prize from Spanish chamber of commerce
In recognition of its efforts in sustainability and corporate social responsibility, Afflelou Group has received the COCEF prize from the Spanish Chamber of Commerce in France (itself called the COCEF, for short). Over the past year, the French optical firm has produced more than 100,000 sustainable frames through its MAGIC ...
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News briefs
Inspecs acquires BoDe Design
Inspecs, the U.K.-based eyewear and lenses company, has announced the acquisition of BoDe Design Vertriebs, a distributor of eyeglasses and sunglasses in the German speaking countries and the Netherlands. Founded in 1993, BoDe has been essentially distributing Inspecs’ portfolio brands such as Superdry, O’Neill or Botaniq, along with its house ...
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News briefs
Former GrandVision CEO joins Rodenstock board
Rodenstock has appointed Theo Kiesselbach and Guillaume Daniellot to its advisory board, MAFO reports. Kiesselbach spent 15 years at GrandVision in several top executive positions, including CEO of the group from 2011 to 2018. Daniellot is currently CEO of Strautman Group, a leading supplier of dental implants. Rodenstock’s newly created ...
