All Eyewear Intelligence articles in Volume 24 No. 17+18 – Page 2
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News briefs
Fittingbox VTOs up 26 percent in 2022
Fittingbox, one of the leading players in eyewear virtual-try-on (VTO) software, processed approximately 120 million VTO operations with over 140,000 frames last year, up by 26 percent year-on-year. On a comparable basis, they were up by 21 percent. For the first six months of this year, Fittingbox told us it ...
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ArticleSafilo reaches deal with Thélios, Innovatek for Longarone plant and workers
Safilo Group said it has reached an agreement with Thélios, the eyewear business of the French luxury goods group LVMH, and Innovatek, an eyewear company owned by the businessman Carlo Fulchir, to guarantee the future of its Longarone facility and to relocate the 444 workers currently employed at the site ...
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ArticleThélios opens portfolio to proprietary brands with Vuarnet acquisition
Thélios, the eyewear company of French luxury group LVMH, has announced its acquisition of Vuarnet from NEO Investment Partners, the U.K.-based investment fund that owned the brand since 2013. This marks the first brand acquisition by Thélios whose portfolio included exclusively fashion brands from its parent company until now. Thélios ...
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ArticleFielmann upgrades outlook following confirmation of SVS deal
Fielmann Group has confirmed the closing of its acquisition of U.S. retailer SVS Vision, which will be integrated in the German-based retailer’s accounts from Sept. 1 and will therefore contribute four months of turnover to the group’s 2023 revenue. As previously reported, SVS Vision is based in Michigan and operates ...
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ArticleDriven by sunglasses, Mister Spex posts positive operating margin in H1
Mister Spex’ turnaround plan seems to be paying off as the German-based retail group reported a double-digit growth in revenue for the second quarter of 2023, market share gains in its domestic market and a return to a positive adjusted EBITDA for the first six months of the year. The ...
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ArticleCooperVision accelerates in Q3, upgrades full-year forecast
CooperCompanies has reported an 11 percent year-on-year revenue increase to $630.2 million for its CooperVision (CVI) unit in Q3, marking the tenth consecutive double-digit quarterly progression and an acceleration from the previous quarter (+6 percent). Sales of contact lenses were up by 12 percent at constant exchange rates and by ...
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News briefs
Olivier Petitfils (ADCL) has died
Olvier Petitfils, general manager of ADCL Aplus, died last week, at the age of 57. Petifils, an eyewear passionate, started his carreer as a product manager for L’Amy. He joined ADCL in 1994 and was appointed as chief executive of the company in 2005 following the untimely death of Jean-François ...
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News briefs
Morel enters Finland with distributor partnership
French eyewear company MOREL has announced that it was entering Finland through a distribution partnership with Neonsun Oy, a company with more than 20 years of presence in this market. Other brands in Neonsun’s portfolio include: Bollé, Cébé, Serengeti, Spy +, Booth & Bruce and Monoqool.
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News briefs
Monoqool launches transclucent 3D-printed eyewear
Monoqool, the Danish eyewear brand specializing in lightweight and 3D-printed eyewear has announced the launch of semi-transparent 3D-printed glasses, which it says is a world premiere. The new translucent glasses feature a screwless hinge system, adjustable temples and non-slip end tips and nose pads. The company also highlighted the eco-friendly ...
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News briefsFrench specialist in readers extends its line
Nooz Optics, a French specialist in reading glasses, is expanding its collections to sunglasses and eyeglasses with the release of a new line of 35 models. Called Nooz Eyewear, the line makes use of Korean titanium and stainless steel as well as Eastman’s Acetate Renew. Nooz now produces some 200 ...
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ArticlePortfolio synergies and sunglasses on DEG roadmap
Last year’s summer was particularly busy on the corporate front for Design Eyewear Group (DEG) as, in just a few months, the company came under new ownership and acquired the business of William Morris London, the U.K.-based eyewear company. Almost one year later, we sat down with Lars Flyvholm, CEO, ...
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News briefs
TOG invests in new automated RX production line
While presenting mixed results for the second quarter of 2023 earlier this month, Thai Optical Group has announced that it was building a state-of-the-art automated RX production line at Thai Optical Company Limited, one of its subsidiaries. The group expects the new facility to be operational by the end of ...
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News briefs
HOYA Vision Care launches sustainability program
HOYA Vision Care has announced the launch of One Vision, its corporate sustainability program based on three pillars: environment, community and workplace. On the environmental front, the company’s initiatives focus on CO2 emission reduction – with a goal to reach 100 percent renewable electricity by 2040 at the latest ...
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News briefs
Morel Eyewear appoints new U.S. sales director
Morel Eyewear has appointed Zachary Milan as its new sales director for the U.S, a key export market for the French company since it opened a local subsidiary thirty years ago. Milan has over twenty years of sales experience with lens and eyewear companies including Younger Optics, Shamir, Europa Eyewear ...
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ArticleSpecsavers full-year results show profitability drop
According to Specsavers official accounts’ filing, the U.K.-based retail group’s profitability significantly declined in the twelve-month period ended Feb. 28 compared with the previous fiscal year. While consolidated revenue inched up by 1.1 percent to £3,436 million (€3,988 m) on a reported basis (the company reported last month a 5.6 ...
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News briefs
Fielmann confirms strong half year, gives update on SVS Vision
Fielmann Group has reported finetuned figures for its half-year performance that broadly confirmed the solid results announced in July. H1 external sales were up by 13.6 percent year-on-year to €1.13 billion, driven by international markets (+21.5 percent) and e-commerce (+28.1 percent). Consolidated revenue increased at the same rate, reaching €971 ...
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News briefs
Mitsui Q1 vision care material sales slightly down
Mitsui Chemicals has reported a 1.6 percent year-on-year decrease in Q1 revenue to 57.1 billion Japanese yen for its Life & Healthcare business unit, as price increases by the Japanese group could not completely offset a 4.5 percent decline in volumes. The large division includes vision care material but also ...
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News briefs
Good Q1 for Paris Miki
Japanese-based retail group Paris Miki has reported a 4.5 percent year-on-year increase in Q1 revenue to 12.0 billion Japanese yen (€76 m) as both its domestic and overseas markets saw the impact of the COVID-19 pandemic fade. Sales in Japan, accounting for roughly 90 percent of the group’s total, were ...
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ArticleSynsam posts another record quarter
Synsam Group has reported another quarter of double-digit revenue growth as sales for the quarter ended June 30 reached a record 1,566 million Swedish kronor (€132 m), up by 12.0 percent compared with Q2 2022. This however marks a deceleration from the previous quarter when they grew by 19.0 percent ...
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News briefs
Kering Eyewear to Maui support fund after wildfires
Kering Eyewear, owner of the Hawaian brand Maui Jim, has announced that it was making a donation to Hawaii Community Foundation’s Maui Strong Fund, to assist the victims and support the rebuilding efforts followig the devastating wildfires in Lahaina earlier this month. Maui Jim, which has a local store and ...
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