All Eyewear Intelligence articles in Volume 24 No. 15+16 – Page 2
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ArticleKering Eyewear posts 21 % comparable growth in Q2
French luxury group Kering has reported a 54 percent year-on-year revenue growth to €428 million in Q2 for its eyewear unit, Kering Eyewear. While scope expansion, with the integration of Maui Jim, and currency tailwinds were the main contributors to the revenue jump, the eyewear division sales also grew by ...
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ArticleEssilux to address hearing deficiency with glasses
EssilorLuxottica is moving into a new market, hearing aids, but with a twist. The company has established a “dedicated Super Audio team” and in-house research & development. More importantly, however, it has acquired the entirety of an Israeli company called Nuance Hearing. Nuance is the result of two brothers’ quest ...
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ArticleEssilorLuxottica maintains sales momentum in Q2, driven by optical portfolio
The EssilorLuxottica group confirmed in Q2 the high single-digit topline growth reported for the first quarter of this year, as well as a solid and stable operating margin for the first semester compared with H1 2022. The group stressed that, with the exception of its sunglasses business in the U.S., ...
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ArticleTooz smart eyewear keeps focus on optical engines and scalability
After many years of teasing, spectacular announcements and some renouncements by industry players, smart glasses are now on the verge of fulfilling their initial promises and entering the mass consumer market. All of a sudden, it seems like an entire industry is in the starting blocks as years of research ...
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News briefs
Class action filed in the U.S. against EssilorLuxottica and other eyewear and luxury groups
A consumer antitrust class action was filed last Friday at the US District Court, in the Northern District of California (San Francisco), against EssilorLuxottica and over 50 companies in the eyewear and luxury sectors for anticompetitive practices, Bloomberg and other U.S. media report. The Italo-French group is reportedly presented by ...
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News briefs
L’Amy Luxe enters liquidation proceedings
The L’AMY 1810 group has announced that it has put L’AMY LUXE in compulsory liquidation for “economic reasons.” As previously reported, the company had been saved from insolvency proccedings in 2020 by its shareholder International Luxury Group (ILG) and MadaLuxe, an American partner. Since then, L’AMY LUXE has been mostly ...
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ArticleMicro-display company gets a €21m boost
Private-equity firm Jolt Capital is leading a €21 million round of funding for MicroOLED, which designs and manufactures low-voltage micro-displays. Joining Jolt in the operation are the French sovereign wealth fund Bpifrance (through an entity called Innovation Defense) and two past investors in MicroOLED, Cipio Partners and Ventech. The micro-displays ...
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ArticleSilmo Paris adds CSR prize to events portfolio
The organizers of the Silmo trade show have announced the launch of a Responsible Company Prize, that will take place for the first time at the next edition of the show slated to take place at the usual fairgrounds in the north of Paris from Sept. 29 to Oct. 2. ...
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News briefs
Opti gathers industry players for a roundtable discussion on the event’s concept
The organizers of the opti trade show have announced that they gathered 40 selected industry representatives for one day in Frankfurt at the beginning of July for an open discussion around their expectations for the international trade show. The opti ROUNDTABLE, as the event was named, was organized for the ...
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News briefs
Johnson & Johnson Q2 contact lens sales grow 5.1%
Johnson & Johnson reported contact lens sales totaling $939 million in the second quarter of 2023, up by 5.1 percent compared to the year earlier on a reported basis and 6.6 percent higher at constant currency rates. Growth was attributed to the continued strong performance of the Acuvue Oasys 1-Day ...
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ArticleLunor sees room for international expansion
Lunor, the German-based eyewear company, is looking to reinforce and expand its international presence, notably in Europe and Asia, through a mix of partnerships with long-term distributors and direct distribution in some selected markets. We discussed the company’s international strategy with Thomas Dobler, the German senior manager who was appointed ...
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News briefsIndo is back in Chile
Indo Optical of Barcelona has reentered Chile, a market it left about a decade ago, according to Look Vision. The announcement came at an event in Chile, in the presence of global product manager Jose de la Rubia and Chile sales directors Walton Ojeda and Francisca Gurtubay. This is the ...
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News briefsBMW solves the heads-up problem for motorcyclists
BMW Motorrad is providing motorcyclists with the same sort of heads-up display that drivers of cars have enjoyed for years now. Its solution to displaying information (gear engaged, speed, speed limit, street names, etc.) without requiring the rider to lower his eyes is smartglasses. It has developed these with a ...
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News briefs
Dutch eyewear trade shows unite
Three Dutch trade shows, Hall of Frames, Centrop Sales and Bold Optical Fair have joined forces and regrouped under the latter’s banner. Launched seven years ago as a small and exclusive event, the next edition of Bold Optical Fair will showcase a diverse range of 380 brands from different parts ...
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ArticleFielmann launches proprietary online vision check tool, reports good H1 results
Reporting its preliminary results for the first half of 2023 earlier today, Fielmann Group announced that it would enhance its German e-commerce website next month with a new vision check tool based on a proprietary measurement technology. The new system willl allow users of fielmann.de to check online whether their ...
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ArticleSpecsavers revenue up mid-single digit in 2022/23
In its just published annual review, Specsavers has reported total group revenue of £3.55 billion (€4.15 billion) for its 2022/23 fiscal year ended Feb. 28, up by 5.6 percent at constant exchange rates compared with the previous year. This marks a deceleration from the 24.9 percent sales increase reported in ...
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