All Eyewear Intelligence articles in Volume 23 No. 3+4 – Page 2
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News briefs
Prats achieves total automation
The Spanish multinational Prats has completed what it calls the world’s most automated production line for ophthalmic lenses. It has set down the final puzzle piece at its logistical hub in Madrid, where a robot now both warehouses the produced lenses and dispatches them to the proper agencies for transport. ...
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ArticleAlain Afflelou family holding doubles its stake in the group
The Afflelou group announced at the end of last month that Alain Afflelou’s family holding acquired in December 2021 the company stake that was indirectly held by Apax France. Earlier in January, Altamir, a partner company of Apax, had announced that it had sold its shares in the group for ...
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ArticleHoya posts record revenue and profit for Q3
Hoya has reported record-high revenue and operating profit for the third quarter of its financial year, with both the IT and Life Care divisions contributing double-digit sales growth as compared to Q3 2020. In the Life Care business, which includes medical equipment, eyeglass lenses and contact lenses, quarterly revenues were ...
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News briefsThélios has a new CEO
LVMH has hired Alessandro Zanardo as CEO of Thélios. Zanardo has spent the past 11 years at Luxottica, serving, in reverse chronology, as general manager of Luxottica Brazil, country manager of Luxottica South Africa, director of business development for Luxottica Russia, and business planner for wholesale global channels and emerging ...
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News briefs
Topcon reports record Q3 eyecare revenue
Topcon has reported a 43 percent year-on-year increase in Q3 sales for its eye care equipment division, with revenue reaching 41.4 billion Japanese yen (€320m-$362m). The business unit provides ophthalmic instruments for examination, diagnosis, treatment as well as optometric instruments for refraction and eye-glasses lens processing. Topcon said that demand ...
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ArticleInspecs sees FY results in line as acquisitions boost revenue
UK-based Inspecs Group said it expects annual results to be in line with forecasts, as sales rose despite Covid-19 restrictions. The company anticipates revenue of $241 million compared with $47.4 million a year earlier, with its Eschenbach acquisition delivering a positive performance. It added that current trading in its European ...
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News briefsMondottica rebrands
Mondottica International has rebranded, adopting a new logo, avatar, house style and font and redesigning its digital platforms as well. According to its CEO, Tony Pessok, the initiative is a “bold visual signifier of our position as one of the world’s most respected eyewear companies. We are a truly global ...
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News briefs
Ross Holdings divests Mondottica Int’l.
At the end of December, Ross Holdings relinquished its share of the ownership of Mondottica International, the eyewear company headquartered in Hong Kong. At the same time, Harry Ross, who not only owns Ross Holdings but also founded both Viva International Group and Mondottica USA, stepped down as Mondottica International’s ...
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News briefs
MEI expands into Japan
MEI, the Italian-based lens edging machines company, has established a subsidiary, MEI Nippon, in Japan, appointing Gian Piero Citti to lead it as general manager. This is the company’s fourth subsidiary outside Italy. The first, MEI Inc., opened in Chicago in 2007. There followed MEIsystem Asia, in Hong Kong, and ...
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News briefs
Essilux launches share buyback plan
EssilorLuxottica will be buying back some 1,500,000 shares of its stock from Feb. 1 to March 31. Total shares purchased will depend on market conditions. The shares will be awarded or transferred to the employees and corporate directors of Essilux or affiliated companies, through profit-sharing, stock options, bonuses or the ...
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Article1-800 Contacts puts new vision tech company into orbit
1-800 Contacts, the U.S. direct-to-consumer contact lens company, has announced the creation of a new company focused on providing technologies and services to third parties in the vision sector. The new entity, called Luna Solutions, operates as a separate company held under a common holding company with 1-800 Contacts. The ...
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News briefs
Julbo takes over its distribution in Spain, hires an international sales manager
Julbo is severing ties with Esportiva Aksa, its partner of many years in the Spanish market, and taking charge of its own distribution in the country. To this end, the French optical brand has hired two executives: Brian Sánchez Vigara and Roger Puig Ventura. Julbo is in addition looking to ...
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ArticleSafilo boosts profitability as sales top pre-pandemic level
Safilo reported a strong improvement in profitability in 2021, with sales exceeding their pre-pandemic level despite faltering in the fourth quarter and as an overhaul of its brand portfolio bore fruit. The Italian eyewear manufacturer’s Ebitda margin jumped to 8.7 percent of sales from breakeven the year earlier and a ...
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ArticleMicrooled is planning an IPO
Microoled, producer of micro-displays, is planning an IPO on the Euronext Growth Paris market. The company announced on Jan. 11 that its registration document had been approved by the AMF, France’s financial markets authority. As we have reported – in a story on one of its clients, the French producer ...
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News briefs
Pandemic has changed U.K. opticians permanently, survey says
The organizers of the 100% Optical show in the U.K. have found that more than 70 percent of the 700 or so industry professionals they recently surveyed have made certain pandemic measures permanent, and one-third said their customers remained wary of face-to-face consultations. “Overzealous and politicised attitudes regarding vaccination in ...
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News briefs
Opticalia enters e-tail
Opticalia has launched an e-commerce platform. According to a report by Look Vision, the Spanish group seeks through the website to “democratize fashion in the optical market,” in part by providing exclusive online access to such brands as Mango, Pepe Jeans, Pedro del Hierro and Pull&Bear. With the last of ...
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News briefs
Q3 revenues up at Kits
Results for Kits’ third quarter of 2021 show marked improvement from the same period two years ago, when pandemic restrictions were still severe. At constant currencies, revenues were up by 3 percent year-on-year, from $20.2 to $20.9 million, but they were up by 73 percent from the $12.1 million of ...
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News briefs
Smith hires a marketing head away from Oakley
Smith, the U.S.-based producer of snow goggles, sunglasses and helmets owned by Safilo, has announced the appointment of Taryn Ryan as global head of marketing. Born in South Africa, she joined the Luxottica Group in 2008 as a buyer for its Sunglass Hut retail chain. Two years later, she was ...
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News briefs
Five brands to use Kering’s Blue & Beyond lenses
Kering Eyewear’s Blue & Beyond initiative, launched in May 2021, has expanded from three brands, Gucci, Saint Laurent and Montblanc, to five with the addition of Chloé and dunhill. Blue & Beyond combines blue-light-filtering with photochromism, to protect the wearer at once from the high-frequency light of screens and from ...
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News briefs
Johnson & Johnson Q4 contact lens sales grow 4.6%
Johnson & Johnson’s global sales of contact lenses in the fourth quarter grew by a reported 4.6 percent to $833 million and were 7.1 percent higher at constant-currency rates as a market recovery continued and new products Acuvue Oasys Multifocal and Acuvue Define Fresh carved out market share. Stocking fluctuation ...
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