All Eyewear Intelligence articles in Volume 23 No. 15+16 – Page 2
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News briefs
Thélios becomes a sponsor of the Venice Film Festival
Thélios has announced it would become the exclusive eyewear sponsor of La Biennale di Venezia, the international film festival in Venice, Italy, starting this year. The company highlighted the natural connections between cinema and eyewear as well as the geographical proximity between its Longarone headquarters and Venice. The agreement is ...
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News briefs
HOYA Vision Care launches new MiYOSMART global campaign
HOYA VISION CARE has announced that it would roll out by the end of the year a new multi-support advertising campain called ”Myopia Care for Kids” in all the markets where it has started distribution of MiYOSMART, its myopia management lens. The company said that the campaign was both aimed ...
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News briefs
Silmo Paris announces optical design contest nominees
The organizers of Silmo Paris have unveiled a list of seven projects that have been selected for the show’s first international optical design contests. The chosen candidates will have a prototype of their eyewear design produced and presented at the next edition of Silmo Paris from Sept. 23 to 26 ...
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News briefs
Smith Optics hires new global VP of product
U.S. goggles and helmets specialist Smith, a subsidiary of Safilo Group, has named Scott Randall as global vice president of product. Randall started his career in retail with Nike Australia before being hired at Oakley. Staying at Oakley for 18 years, he had been working at the brand’s headquarters in ...
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News briefs
Papa to step down as Bausch+Lomb CEO
Bausch + Lomb has announced that Joseph C. Papa had stepped down from his position of chairman of the company’s board of directors and that it was searching for a new CEO to replace him in his executive role. Until a successor is appointed, Papa will remain as CEO and ...
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News briefs
Bernard Arnault to reinforce control over LVMH parent company
The French businessman Bernard Arnault plans to transform Financière Agache, a family holding company which controls the French luxury goods conglomerate LVMH, into a limited partnership. The move will enable the businessman and his five children to maintain control over the group, including Thélios. LVMH took full control of the ...
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News briefs
JINS downgrades FY outlook, recapitalizes U.S. branch
JINS Holdings has revised its full year 2022 outlook downwards and now expects total sales to reach 66.9 billion Japanese yen (€481m), down by 6.0 percent compared to the initial forecast but still 4.7 percent higher than revenues reported for 2021. The group mentioned a slower-than-expected sales recovery both in ...
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ArticleM&A, organic growth, digital and training fuel CECOP Group
Just a few days after CECOP entered the German market through an agreement with Optic Society, we talked with Jean de Contades, global managing director of the fast-growing Spanish-based buying group. Founded in 1982, Optic Society is the second largest buying group in Germany with close to 700 members according ...
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News briefs
Vision Expo upgrades its digital sourcing platform
The Vision Council and RX, co-organizers of Vision Expo, recently hosted a webinar to review the first year and future of ShopVISION, Vision Expo’s global digital sourcing platform for players in the optical and optometric market. Launched last July, ShopVISION so far lists some 7,000 products in 80 categories and ...
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News briefs
Safilo Group joins The Fashion Pact
SAFILO GROUP has joined The Fashion Pact, a global sustainability coalition of companies in the fashion and textile industry, the company announced earlier this week. According to its website presentation, The Fashion Pact was launched at the G7 Summit in Biarritz, France, in 2019 as a mission given to Kering ...
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ArticleEssilux partners with Polimi on €50 m smart eyewear R&D center
EssilorLuxottica and Politecnico di Milano, or Polimi as it is often called, have announced the launch of a joint R&D partnership focusing on the development of smart glasses and related technologies. Dubbed Smart Eyewear Lab and located in Milan, Italy, the project will initially last five years and will eventually ...
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News briefs
Neubau Eyewear certified carbon neutral
NEUBAU EYEWEAR, the subsidiary of Silhouette International, announced last week that it has just achieved carbon neutrality through a mix of sustainable production methods and compensation payments towards certified climate protection projects. The carbon neutrality was certified by the Austrian branch of TÜV, one of the largest international certification organizations. ...
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News briefs
Johnson & Johnson CL sales up 11% in Q2
Johnson & Johnson reported a 4.9 percent year-on-year increase in Q2 sales to $1,241 million for its Vision business unit, which includes both contact lenses and surgery activities. In constant currencies, revenue went up by 10.9 percent versus Q2 2021. Sales of contact lenses rose by 2.9 percent in reported ...
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ArticleFielmann announces cost reductions and strategic adjustments
Thanks to its increased digitization and internationalization and in spite of the COVID-19 crisis impact, Fielmann could achieve its 5 percent average annual sales’ increase target figure in recent years. The objective is part of its Vision 2025 plan which was announced in 2019. However, the German-based retail group has ...
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News briefs
Shamir to distribute MEI edger in Portugal
MEI of Bergamo, Italy, has signed a deal with Shamir Portugal for the distribution in the Iberian country of its EasyFit Trend. Designed for optical shops and small labs, this lens edger operates without blocks and pads and without water. It also incorporates sensors for automatic measurement of all optical ...
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News briefs
Nidek switching to direct medical distribution in Italy
NIDEK, the Japanese-based maker of ophtalmology and lens-edging equipment, has acquired 90 percent of the shares of NIDEK MEDICAL, its Italian distributor for the medical field, from Guido Battarra, the company’s managing director. The operation was made through NIDEK TECHNOLOGIES, the group’s Italian subsidiary dealing with research and development and ...
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ArticleSpecsavers sales up 25% in 2021/22, driven by domestic market
After a temporary setback due to the COVID-19 crisis in 2020/21, with group revenues sliding by 5.8 percent year-on-year, the Specsavers group resumed its fast-pace growth with annual sales reaching £3.43 billion for the fiscal year ended Feb. 28 2022, up 24.9 percent. As shown in the table below, the ...
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ArticleZEISS invests in liquid crystal tech eyewear start-up
ZEISS Ventures, an entity of the ZEISS Group, has announced that it was the main investor in a new financing round of over €10 million in Morrow Eyewear, a Belgian-based start-up company specializing in autofocal glasses. Other investors included New Science Ventures as well as current shareholders such as imec.xpand, ...
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ArticleApollo Optik celebrates 50 years
On the occasion of its 50th anniversary, Germany’s Apollo Optik (which, together with its parent company GrandVision, has been part of the EssilorLuxottica Group since 2021) has published some figures from various business areas. On average, each Apollo store carries more than 1,700 products (eyewear as well as lens care ...
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News briefs
French opticians remain under governmental scrutiny
In a press release issued last week, the French Directorate General for Competition, Consumption and Fraud Enforcement (DGCCRF) said that it conducted more than a thousand control operations among 710 prescription eyewear and hearing aids’ retailers in 2021. The operations were mostly aimed at checking whether they were complying with ...
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