All Eyewear Intelligence articles in Volume 23 No. 15+16
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PDF NewsletterEyewear Intelligence: Vol 23 - No 15+16
Specsavers sales up 25% in 2021/22, driven by domestic market | Fielmann announces cost reductions and strategic adjustments | EssilorLuxottica profits up in H1 but sales decelerated in Q2 | HOYA eyeglass lenses up 7% in Q1 | Kering Eyewear doubles operating income in H1 | Sales growth and higher margins put Safilo ahead of 2024 business target | Marcolin maintains growth pace in Q2 | M&A, organic growth, digital and training fuel CECOP Group | ZEISS invests in liquid crystal tech eyewear start-up | Essilux partners with Polimi on €50 m smart eyewear R&D center | Spain’s optical sector all but recovers in 2021 | French industry survey shows double-digit inflation for raw materials | Walmart enters partnership with Waldo | Apollo Optik celebrates 50 years | Sun Hing Vision Group posts 25% revenue increase for 2021
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ArticleHOYA eyeglass lenses up 7% in Q1
Pushed by strong currency tailwinds, HOYA CORPORATION has reported record-high revenues and profits for the first quarter of the current fiscal year. The topline was up by 14 percent year-on-year to 180.2 billion Japanese yen (€1,309m) and pretax profit increased by 21 percent to ¥61.5 billion (€447m). In constant currencies, ...
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News briefs
B+L sales of contact lenses up slightly in Q2
Bausch+Lomb reported a slight year-on-year decline for its contact lens business for the second quarter, with sales down by 1 percent to $214 million. However, they were up by 5 percent compared to Q2 2021 on a constant currency basis. Adding sales from the faster-growing consumer division, which includes contact ...
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Double-digit revenue and order intake growth for Carl Zeiss Meditec
Carl Zeiss Meditec has reported a 10 percent year-on-year increase at constant exchange rates in sales of ophthalmic devices to €1,027 million for the first nine months of its current fiscal year. The division’s growth was once again driven by recurring revenue from consumables, implants and services while sales of ...
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News briefs
Mitsui vision care sales remained firm
Mitsui Chemicals has reported that its sales of ophthalmic lens materials remained healthy in the first quarter of its 2022 fiscal year but that the segment’s profitability was negatively impacted by the increase of raw materials’ prices. The Japanese group does not disclose more details on the segment, which is ...
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Topcon Eye Care unit up 23% in Q1
Topcon sales of eye care equipment jumped by 23 percent year-on-year to 14,051 million yen in Q1 2022 in reported terms, an all-time high, while the division’s operating profit margin almost doubled to 4.0 percent in the period. The company highlighted the continuous expansion of its sales to optical retail ...
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EssilorLuxottica takes full control of Shamir
Shamir Optical has informed its customers in a letter that EssilorLuxottica acquired the remaining 50 percent stake in the company on Aug. 1, owning it in full. The Italo-French group, which had initially purchased 50 percent of Shamir’s shares in 2011, said the new transaction was the logical next step ...
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ArticleSales growth and higher margins put Safilo ahead of 2024 business target
The Safilo Group has reported a 4.0 percent year-on-year growth in revenue for the second quarter of 2022 at constant exchange rates, with total sales reaching €288.3 million. In reported terms, the topline was up by 11.2 percent compared to 2021. On an organic basis, a calculation that only includes ...
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HOYA enters into JV with China’s Jiangsu Sigo Optical
HOYA Vision Care has announced the signature of a joint venture partnership with Jiangsu Sigo Optical (JSO), a Chinese lens manufacturer based in Danyang. The Japanese group is acquiring 61 percent of JSO’s shares while Liu Jianzhong, founder and CEO of the company, retains the remaining 39 percent. JSO will ...
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News briefs
Lentesplus acquires Brazilian DTC eyewear brand
Lentesplus, the Colombia-based omnichannel retailer, is pursuing its expansion in Latin America and in the eyewear segment with the acquisition of Livo, a Brazilian direct-to-consumer brand of eyeglasses and sunglasses. Launched in 2012, Livo was the first vertically integrated and digitally native eyewear company in the country. It currently operates ...
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ArticleSun Hing Vision Group posts 25% revenue increase for 2021
Hong Kong-based eyewear manufacturer Sun Hing Vision Group has reported a 24.9 percent year-on-year revenue increase to 877 million Hong Kong dollars for fiscal 2021. The business recovery was largely due to a rebound in OEM sales to European and American customers, but the group has yet to fully recover ...
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News briefs
Del Vecchio donates 2.15 million EssilorLuxottica shares to Milleri
Italian news agency ANSA has reported that Leonardo Del Vecchio has left 2.15 million EssilorLuxottica shares, or 0.5 percent of the company’s capital, to his successor Francesco Milleri. At the group’s current stock price, the donation is worth about €340 million. The news was confirmed by an EssilorLuxottica spokesman, Bloomberg ...
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ArticleMarcolin maintains growth pace in Q2
The Marcolin group posted a 19.7 percent year-on-year increase in revenue to €153.9 million for the second quarter of 2022, following on a similarly fast growth in the previous quarter. Overall and for the first six months of the year, the company’s sales totaled €283.7 million, up by 19.6 percent ...
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ArticleEssilorLuxottica profits up in H1 but sales decelerated in Q2
EssilorLuxottica has reported a 36 percent year-on-year increase in revenues to €6,387 million for the second quarter of 2022, with most of the growth attributable to the integration of the GrandVision business. On the comparable proforma basis prepared by the group, which adjusts 2021 figures as if GrandVision had been ...
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News briefs
Horizons Optical opens U.S. branch
Horizons Optical, the supplier of lens designs, coatings and services for the ophthalmic laboratories and optical retailers, has announced the creation of a new subsidiary in the U.S. Called Horizons Optical and located in Texas, the new entity will service the U.S., LATAM and Canadian markets. Horizons has appointed Ulises ...
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News briefs
Safilo expands use of Eastman’s sustainable materials
After having been one of the early adopters of Eastman’s Acetate Renew and Tritan Renew materials, the Safilo Group has announced that it would start using the U.S. chemicals company’s Tenite Renew starting January 2023. Tenite Renew is produced via Eastman’s carbon renewal technology and composed of a minimum of ...
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ArticleKering Eyewear doubles operating income in H1
Kering Eyewear sales increased by 50 percent year-on-year to a total of €591 million for the first half of the 2022 year. The eyewear unit was the fastest growing division of the larger Kering group whose total revenues for the period increased by 23 percent versus 2021. Kering ...
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News briefs
DaTE prepares for its 10th anniversary edition
The organizers of DaTE, the Italian trade show focusing on international designer eyewear, have announced that 90 exhibitors representing more than 150 brands have confirmed their participation to the 10th edition of the show slated for Sept. 10 to 12 in Florence. The list of exhibiting companies, which is not ...
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LVMH fashion & leather goods unit up 31% in H1
Revenues of LVMH’s fashion and leather goods’ division jumped by 31 percent year-on-year to €18.2 billion for the first half of 2022. On an organic basis, sales were up by 24 percent. Louis Vuitton, Christian Dior, Fendi, Celine, Loro Piana and Loewe were said to perform particularly well. The group ...
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ArticleWalmart enters partnership with Waldo
Walmart has established a partnership with Waldo, a company in London that delivers contact lenses by subscription. The deal with Walmart concerns in particular Waldo’s Hydra Boost Daily lenses, which deliver vitamins such as B12 to the eye of the wearer. On July 26 Walmart began selling a pack of ...
