All Eyewear Intelligence articles in Volume 22 No. 9+10 – Page 2
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News briefs
Warby Parker reportedly eyeing IPO
According to a Bloomberg report last week, Warby Parker , the U.S. eyewear brand is considering an Initial Public Offering (IPO) and has started discussions with financial advisers for this purpose. Founded in 2010 by a group of university students, Warby Parker has been one of the first companies ...
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News briefs
Italy to reopen trade shows as soon as June 15
On April 21, the Italian cabinet approved to reopen trade shows from June 15 and conventions and congresses from July 1, after having been suspended due to the Covid-19 pandemic. The reopening of trade fairs could occur sooner than previously announced. Initially, the Industry Minister Giancarlo Giorgetti had indicated ...
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ArticleGV reports improved margins on slightly lower sales in Q1
GrandVision reported slightly declining Q1 revenues for 2021 as compared to 2020, as its business was still significantly impacted by the consequences of the Covid-19 pandemic, particularly in Europe. However, the retail group almost doubled its EBITDA over the same period thanks to an overall improved product mix, continued ...
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ArticleVisottica Comotec reinforces, diversifies portfolio with new acquisition
Visottica Comotec , the Italian supplier of eyewear components, announced on April 10 the takeover of Eurodecori , another Italian company that specializes in the supply of small metallic parts and accessories for the eyewear industry as well, but is also active in the fashion, leather goods ...
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News briefs
J & J contact lenses sales’ recovery driven by the U.S.
Johnson Johnson reported a 5.3 percent year-on-year increase to $857 million in its global sales of contact lenses for the first quarter of the current financial year, or a 3.5 percent hike in constant currencies. The return to growth was fueled by the market recovery, the launch ...
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News briefs
Strong rebound for Carl Zeiss Meditec
Carl Zeiss Meditec announced that its H1 revenues increased by 7.3 percent year-on-year to €767.4 million, or by 10.5 percent in constant currencies. The growth was particularly strong in the second quarter where comparable sales jumped by 18.8 percent as compared to the same quarter in the previous year. ...
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Article
Opti organizers give 2022 update
Klaus Paschka and Bettina Reiter , respectively managing director of Gesellschaft für Handwerkmessen (GHM) and exhibition director of opti , gave an update on April 15 about the next edition of the German trade fair in the form of a corporate interview on the show’s website. After a ...
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Article
The Vision Council releases diversity report
The Vision Council just released the results of its first Diversity, Equity and Inclusion (DEI) report, based on a survey among its members at the end of last year, for which the organization received a total of 1,527 responses. All survey participants were based in the U.S., with retailers ...
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News briefs
French home opticians’ network raises €7.5 m
Founded in 2015, Les Opticiens Mobiles is a French network of opticians providing their services on site, at retirement homes to elderly people, at companies’ offices for employees or at the home of people who need prescription eyewear but are unable or unwilling to visit an optical store. After ...
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News briefs
Monoprix opens optical corners with Sym Optic
Monoprix, the French chain of upscale supermarkets, is partnering with Sym Optic for the integration of an eyewear offering in its new healthcare corners. Branded “La Santé au quotidien”, the new concept offers a wide range of healthcare-related products and services. It has been launched in two Monoprix shops so ...
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News briefs
Safilo agrees with unions on Slovenian plant closure
Safilo announced on April 14 that it has reached an agreement with the Slovenian trade unions and work council concerning the closure of its production site in Ormoz. The decision, which is part of the transformation plan of the Italian group, was first communicated in March. Production volumes in ...
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News briefs
WCO seeks to set a standard of care for myopia
Having approved a resolution to the effect, the board of directors of the World Council of Optometry (WCO) is encouraging optometrists to set a standard of care for myopia . According to the WCO’s president, Paul Folkesson , myopia is projected to affect more than five billion people by ...
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News briefs
French opticians under scrutiny
Inspectors of the French DGCCRF , a national organization in charge of verifying the respect of business regulations, have recently started a control operation in the country’s optical shops in order to check that opticians fully comply to their obligations, in particular regarding the implementation of the ”100% Santé” eyecare ...
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News briefs
New MD for De Rigo in France
De Rigo appointed Romain Vanini as its new managing director for France last month, replacing Franck Leclere who had been at the helm of the French subsidiary since 2008 and has left the Italian group. Since 2017, Vanini had been the sales director of Safilo France , ...
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News briefs
INSPECS wins green award with O’Neill frame
INSPECS announced on April 15 that it has won an International Green Product Award 2021 in the sports category for one of its O’Neill products. The WOVE frame and its packaging are made from recycled, recyclable or biodegradable materials such as fishing nets, rubber tires, plastic bottles, ...
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News briefs
Red Dot 2021 winners announced
Eschenbach , the German eyewear manufacturer, won a total of four Red Dot 2021 design awards for frames under its BRENDEL Eyewear , TITANFLEX and the licensed MINI EYEWEAR brands, with the latter receiving two distinctions. MODO , the Italian eyewear company, was also among the Red ...
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News briefs
CECOP launches an optical MBA
CECOP , the Spanish-based buying group with about 6,700 members in nine countries, is launching an MBA program aimed at independent opticians. The training will consist in a three-month online session by experts on retail transformations, with a focus on four key-topics of business management: strategy, marketing, human resources and ...
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Article
ECOO, ZVA criticize EU decision in Essilux-GV case
The European Council of Optometry and Optics ( ECOO ), the Brussels-based umbrella association, and the Zentralverband der Augenoptiker und Optometristen ( ZVA ), the German association of opticians and optometrists, both released official statements at the end of last month criticizing the terms of the European Commission ...
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Article
Fedon sales down 34% last year
In a difficult year marked by the Covid-19 pandemic, Fedon , the Italian specialist in eyewear cases and leather goods, reported a sharp decrease in revenues but managed to keep positive EBITDA figures. Total sales of the Italian group fell by 34 percent year-on-year to 42.3 million euros in 2020, ...
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Article
Essilor France benchmarks the performance of its partner opticians vs. others
According to a report commissioned by Essilor France to the research company Galileo Business Consulting every year since 2011, opticians partnering with the lens maker in France have been performing better on average than the other optical shops in terms of revenues and gross margin progression since 2007. ...
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