All Eyewear Intelligence articles in Volume 23 No. 23+24 – Page 2
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News briefs
Charmant reinforces Asian distribution
CHARMANT has announced it was bolstering its sales organization in Asia with the establishment of sales subsidiaries for the distribution of its collections in Singapore, Malaysia, Indonesia and South Korea. For the first three markets, the Japanese group has agreed to acquire 100 percent of the shares in Sin Kwang ...
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News briefs
SILMO Paris details last edition’s international attendance
Organizers of SILMO PARIS have shared mode details on the number of visitors for the last edition of the show that was held at the end of last September. The 66 percent year-on-year increase in attendance to a total of 36,964 participants was driven by the doubling in the number ...
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ArticleSpain’s optical manufacturers expect a record spring
The Spanish Association of Optical Manufacturers (AEO) is looking forward to strong eyewear sales in spring, as demand for sunglasses rose again in the third quarter, after two years of low inventory renewals. Third-quarter eyewear sales were in fact up by 20 percent overall in volume and by 11 percent ...
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ArticleConsumer sentiment improves in Europe
Consumer sentiment improved slightly in Germany, France and Italy, the three main economies of the European Union, but consumers remain cautious in a difficult economic environment. In December, German consumer sentiment is expected to rise by 1.7 points to -40.2 points from -41.9 points in November, according to the market ...
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News briefs
Lanctôt broadens portfolio with acquisition of Prisme Optical
Lanctôt, the distributor of sporting goods and eyewear brands in Canada, has announced the acquisition of the Prisme Optical Group, another Canadian distributor specializing in European eyewear brands. The company said the investment was aimed at broadening its offering in this segment and extend its market share in the country. ...
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ArticleGerman industry association calls for urgent measures to protect SMEs
In a direct address to its national government, German industry association Spectaris is calling for the rapid implementation of a multi-point program to secure the future of healthcare industries in Germany, particularly for small and medium enterprises (SMEs) that are most exposed to the current economic crisis. First and foremost, ...
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ArticleSlight profitability decline for Specsavers in 2021/22 as investments resumed
According to the Specavers group’s official financial filings to the U.K. commerce register, the optical retail giant has seen its operating profits increase marginally to £449 million (€520 m) in the fiscal year ended Feb. 28, 2022, from £445 million (€513 m) in the previous year. However, as total revenue ...
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News briefs
Bausch + Lomb has recycled over 160 tons of plastic waste
Bausch + Lomb reports that is has collected more than 58 million units of used contact lenses, lens care and eyecare materials in the U.S. through its ONE by ONE and Biotrue recycling programs, for a total weight of over 160 tons. Both programs are run in partnership with TerraCycle, ...
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News briefs
EssilorLuxottica adds new Italian luxury fashion brand license to portfolio
EssilorLuxottica has announced the signature of an exclusive 10-year license agreement for the design, manufacture and distribution of eyewear, optical frames and sunglasses, under the Brunello Cucinelli brand. The new license will take effect on Jan, 1 2023 and the first collection will be marketed in the first quarter of ...
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News briefs
Omnichannel retailer eyewa opens 50th store in the Middle East
Fast-growing eyewear retailer eyewa doubled its retail footprint in the Middle East region in less than one year with the opening of its fiftieth store, in Dubai. Based in the United Arab Emirates (UAE) and founded in 2017, eyewa started as a pure online player selling its own brands of ...
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ArticleMarcolin to invest $250 m in TOM FORD perpetual license
The Estée Lauder Companies (ELC) have announced the acquisition of the TOM FORD in a deal that values the luxury brand at $2.8 billion and also involves the Ermenegildo Zegna Group and Marcolin through long-term license agreements, for fashion products and eyewear products, respectively. The transaction is expected to close ...
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News briefsWalmart celebrates Elton John's farewell tour with limited edition sunglasses
Walmart is marking Elton John’s retirement – and end of his “Farewell Yellow Brick Road Tour” in Los Angeles – with a limited-edition pair of sunglasses within its Elton John Eyewear collection, according to VMail. We reported on the collection’s debut – at Walmart and its subsidiary, Sam’s Club – ...
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News briefs
French children eye health deteriorating quickly, survey finds
French children’s eye health has severely deteriorated since the start of the COVID-19 pandemic according to a recent study commissioned by the KRYS GROUP to research company Ipsos. The company said that 40 percent of children between 3 and 10 years old currently suffer from eyesight problems, which represents an ...
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ArticleSynsam keeps double-digit sales’ growth pace but profit ratios decline
Reporting on its performance during the third quarter of 2022, the Synsam Group said that it increased its market share in a weak consumer market, with sales growing double-digits, and that it continued to invest for future growth, which led to a reduction in profit ratios. Total sales were up ...
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ArticleMorel puts focus on direct distribution, brand heritage and CSR
In an interview with Eyewear Intelligence, Amélie Morel, communication director of Morel Lunettes, explained how the family-owned company has taken advantage of the Covid-19 pandemic to accelerate the transformation of its international business, and has reinforced its focus on the brand’s heritage as well as its CSR commitments. A member ...
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News briefs
Alcon sees 7% contact lens sales growth in Q3
Alcon generated sales of contact lenses in its third quarter ended Sept. 30 of $558 million, reflecting constant currency growth of seven percent. Growth was led by silicone hydrogel contact lenses, including the Precision1 and Total product families. Revenues for the total vision care unit, which also includes the ocular ...
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News briefs
Menicon overseas sales up 35 percent in H1
Menicon has reported an 11.8 percent year-on-year increase in half year sales to 54,129 million Japanese yen (€373 m). Vision care sales, which represent more than 90 percent of the group’s revenue, were up by 10.9 percent versus 2021. As in previous quarters, the sales’ momentum was driven by the ...
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News briefs
More than half U.S. customers aware of blue light glasses, survey finds
According to a consumer survey by The Vision Council that involved over 15,000 adults earlier this year in the U.S., 25 percent of participants said they were currently using glasses or contact lenses that filter blue light. Half of consumers also said that they were concerned about the potential effects ...
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News briefs
Optic 2000 partners with flash sales' website on eyewear recycling program
Optic 2000 is partnering with online flash sales’ specialist Veepee (formerly Vente Privée) for a one-week eyewear recycling initiative in November. Veepee members are invited to send up to two pairs of glasses, at no cost, and will receive a €15 voucher per pair in exchange for their participation, to ...
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News briefs
Paris Miki sales up 5.6 percent in Q2
Paris Miki has reported a 5.6 percent year-on-year increase in total sales to 12,139 million Japanese yen (€84 m) for the second quarter of 2022, slowing down from the double-digit growth posted in Q1. Quarterly sales in Japan, which accounts for almost 90 percent of the group’s business, progressed by ...
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