All Eyewear Intelligence articles in Volume 22 No. 9+10
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PDF NewsletterEyewear Intelligence Newsletter: Vol 22 - 9+10
German market down 7.4% in 2020 | French retail leaders grow market share | New Spanish business boosts Fielmann Q1 sales | Margins up, sales slightly down for GV | Hoya sales driven by international | Essilor partners overperform in France | ECOO, ZVA criticize EU decision | Kering Eyewear rebounds in Q1 | Inspecs reports 5% hike in Q1 sales | Visottica takes over Eurodecori | J&J, Menicon partner in ortho-k | Opti announces 2022 update | Vision Expo prepares 2021 edition
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News briefs
Covid-19 restrictions to be lifted for all French stores
All shops operating in large malls in France should be able to reopen their doors from May 19 onwards, following the recent announcements by French president Emmanuel Macron about the progressive lift of business restrictions in relation to the Covid-19 crisis. According to Acuité , about 1,700 optical shops, ...
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News briefs
Hallmann Optik launches franchise format
Hallmann Optik , the optical retail chain operating in Germany and Denmark, reported a 28 percent year-on-year increase in revenues for 2020 to €46 million. The growth was fueled by the opening of 18 new stores during the year, bringing the total number of retail locations to 85 in Germany ...
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News briefs
Bausch Health might sell Bausch+Lomb, rather than spin it off
Quoting sources close to the matter, Bloomberg News reported last week that Bausch Health was currently exploring the possibility of a sale of its Bausch+Lomb ’s eye care business unit, instead of the initially planned spin-off. Before being renamed as Bausch Health, Valeant Pharmaceuticals International had acquired ...
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ArticleInternational sales drove Hoya’s lenses' business in Q1
Hoya Corporation reported a 12 percent year-on-year increase in group revenues for the last quarter of its 2020/21 financial year ended on March 31, 2021, or an 11 percent growth in constant currencies. The quarterly performance was driven by a solid growth in the group’s IT department, but the ...
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ArticleInternationalization fueled Fielmann Q1 sales' growth
Fielmann Group reported a 9.2 percent year-on-year increase in external sales including VAT and changes in inventories to €444.9 million, a revenue level also higher than in Q1 2019. The increase was mostly attributable to the integration of the recently acquired Óptica Audiologia Universitaria business in ...
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News briefs
New board of directors at Safilo
Safilo Group ’s shareholders approved on April 29 the company’s accounts for the 2020 financial year and appointed a new board of directors, increasing its composition from 9 to 10 members. Elected board members proposed by Multibrands Italy , an entity controlled by HAL Holding that holds 49.84 percent ...
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Article
Inspecs reports 5 % hike in Q1 revenues
Eyewear designer Inspecs reported a rise in like-for-like first quarter revenues despite the Covid-19 pandemic’s impact on operations. The frame maker and distributor posted revenues of $67 million for the three months to March 31, up 5 percent on a comparable basis year on year, according to a company ...
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News briefs
Essilor to complete Lenstec’s takeover
The Essilor Group in the U.K. announced a few days ago the completion of the acquisition of the Lenstec Optical Group , in which it had taken a minority shareholding through Shamir in 2016. Lenstec operates three sites in the U.K. and reported annual revenues of £22 million ...
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News briefs
CooperVision acquires No7 Contact Lenses
Following a multi-year partnership with No7 Contact Lenses , CooperVision announced on April 27 the acquisition of the U.K.-based contact lenses’ specialist for an undisclosed amount. The company will be integrated in the CooperVision Specialty EyeCare group. CooperVision said that the acquisition would allow the group to offer ...
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News briefs
De Rigo signs regional license for GAP eyewear
De Rigo Vision announced on April 27 a new licensing deal with IMG for the design, production and distribution of prescription frames and sunglasses under the American lifestyle apparel brand GAP . The agreement covers the U.S., Canada, Mexico and Brazil. The first collections of frames for men, ...
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News briefs
New president for ECOO
Dr. Cindy Tromans has been confirmed as president of the European Council of Optometry and Optics ( ECOO ) following the resignation of Dr. Massimo Revelli . Tromans is the director of the optometry services at the Manchester Royal Eye Hospital Honorary and a lecturer in ophthalmology at ...
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News briefs
ABDO launches sustainability summit
The Association of British Dispensing Opticians (ABDO) announced on April 22, the Earth Day, that the association will be organizing its first digital Social Ethical and Environmental (SEE) summit on Oct. 4, 2021. The aim of the association, which formed a working group earlier this year on SEE issues, ...
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News briefs
New results of large-scale research on children myopia in France
KRYS GROUP, a leader in the French optical retail sector, and the Poitiers university hospital, started in 2013 a large-scale research on the progression of myopia among French children aged between 4 and 17 years old. The latest results of this ongoing research, which was based on data collected for ...
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Article
Vision Expo East upbeat about its 2021 edition
The Vision Council and Reed Exhibitions , joint organizers of the Vision Expo eyewear trade shows, seem upbeat about the next edition of Vision Expo East , which should be the first major industry event to take place since the outbreak of the Covid-19 pandemic. Initially planned to ...
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News briefs
Shipping giant sees tight market conditions until Q4
The world’s largest container shipping company Maersk expects tight market conditions in maritime transport to continue until the fourth quarter of 2021. When commenting on its trading performance, the company said that “the continued strong performance is mainly driven by the continuation of the exceptional market situation with surging ...
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News briefs
Afflelou raises brand awareness in Belgium and Switzerland
Alain Afflelou , the French-based optical retail chain of mostly franchised stores, is gaining awareness in Belgium and Switzerland, according to a survey commissioned to the reseach company Opinion Way . In Belgium, where the chain has about 50 retail locations, prompted awareness of the Afflelou brand name progressed from ...
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ArticleStrong rebound for Kering Eyewear in Q1
Kering Eyewear revenues strongly rebounded in the first quarter of the current financial year, after having declined by 8.6 percent in the second half of 2020. Total revenues in the Corporate Other segment of the French luxury group, which accounts for 96 percent of ...
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News briefs
New Canadian distributor for Rodenstock
Rodenstock has announced the signature of a new agreement for the distribution of its lenses in Canada by Centennial Optical , starting May 1, 2021. Founded in 1967 and based in Toronto, Centennial Optical is a national distributor of lenses, eyewear and optical supplies to Canadian eye care professionnals ...
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News briefs
Dreamers releases sleep-inducing eyewear
The Australian fashion models Jordan and Zac Stenmark – along with the chemist Stafford Sheehan , who is also the founder of Air Company , maker of Air Vodka – have developed a line of glasses to improve sleep: that is, when you are not wearing them. ...
