All Eyewear Intelligence articles in Volume 24 No. 21+22
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News briefs
Hong Kong show attracted 12,000 visitors, organizers report
The organizers of the Hong Kong International Optical Fair, the Hong Kond Trade Development Council (HKTDC) and the Hong Kong Optical Manufacturers Association (HKOMA), have announced that the 2023 edition of the show that closed its doors on Nov. 10 attracted 12,000 buyers from 92 countries. They highlighted a significant ...
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PDF NewsletterEyewear Intelligence: Vol 24 - No 21+22
Essilux reports Q3 slowdown, opens new Thai mega plant | Kering Eyewear fueled by Maui Jim in Q3 as comparable growth drops | Is Marcolin going to change hands? | Marcolin sees Q3 sales slip 10%, bolsters house brands with ic! berlin buy | Thélios acquires Barton Perreira | Smith rebound cushions Safilo’s Q3 revenue decline | HOYA lens growth driven by international markets and MiYOSMART in Q2 | Fielmann reports strong Q3, launches eye health services | Mister Spex posts mixed Q3 results | Hakim Group doubled footprint in the last two years | Warby Parker sees sales growth slowing after 14% jump in Q3 | National Vision moves to offset Walmart divorce impact, on track to meet FY guidance | JINS ends fiscal year on high note | Fittingbox acquires main VTO challenger | 10-year old Swiss Eyewear Group has passed the 20 million pairs mark | iVision Tech CEO details group’s strategy | Akoni Group puts focus on craftsmanship-loving opticians and consumers
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ArticleNational Vision moves to offset Walmart divorce impact, on track to meet FY guidance
National Vision announced steps to offset the impact on profits of the previously announced end of its partnership with retailing giant Walmart next year, as it released third-quarter results showing it remains on track to meet full-year guidance despite a macroeconomic environment described as “challenging”. Starting in 2024, the company ...
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ArticleWarby Parker sees sales growth slowing after 14% jump in Q3
Warby Parker sees sales growth moderating to 8-10 percent in the fourth quarter of 2023 after revenues in the third quarter jumped by 14.2 percent compared to the year earlier to reach $169.8 million and comfortably beat management’s guidance of 9.5-11 percent growth. Dave Gilboa, co-CEO, told analysts in a ...
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News briefs
First eyewear sustainability congress held in France
Recycloptics, a French non-profit organization collecting and recycling wastes from optical shops, organized earlier on Oct. 6 the first congress specifically dedicated to sustainability in the eyewear sector. C.O.L.D., which stands for Congrès de l’Optique-Lunetterie Durable (Eyewear Sustainability Congress), took place in Dourdan, near Paris, and gathered a total of ...
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News briefsSpanish optical network expands into Brazil
Opticalia is adding 22 stores in Brazil to its international network and hopes to raise that number to 600 within two years, according to Look Vision. Brazil is purportedly the South American country with the highest number of optical shops per inhabitant. At present the Spanish group’s network comprises more ...
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ArticleMarcolin sees Q3 sales slip 10%, bolsters house brands with ic! berlin buy
Marcolin slipped into contraction territory in the third quarter, with sales in the period declining by 10.4 percent to €113 million as the group highlighted weakness in the Americas region and a “global context marked by complex socio-political and economic scenarios”. The sales decline came after a second quarter in ...
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ArticleMister Spex posts mixed Q3 results
Mister Spex has reported a significant drop in revenue growth pace for the third quarter of its fiscal year as continued depressed consumer sentiment and unfavorable weather conditions negatively impacted its business. The company however stressed that it was continuing to outperform the market and to deliver on its ...
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ArticleFielmann reports strong Q3, launches eye health services
Fielmann Group has announced a 12.2 percent year-on-year increase in external sales to €602 million including VAT for the third quarter of 2023, in line with the 13 percent growth reported earlier for the first half of the year. In volume, however, Q3 sales increased by a more modest 2.2 ...
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News briefs
Japanese myopia eye drops research enters clinical trial phase
Japan’s Rohto Pharmaceutical is partnering with Tsubota Laboratory for research and developement of a new myopia management eye drop solution. The eye drops, which were successfully tested on mice according to an article by Nikkei Asia, aims at slowing myopia progression by suppressing the thinning of the sclera, thereby reducing ...
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News briefs
KITS up 32 % in Q3
Canadian-based online retailer KITS Eyecare has reported a 32 percent year-on-year increase in Q3 revenue to $31.2 million, which the company said was driven by strong repeat customer revenue in both contact lens and eyeglasses and higher average order value. Quarterly sales of eyeglasses sligthly underperformed as they were up ...
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ArticleThélios acquires Barton Perreira
Thélios, the eyewear entity of LVMH, has announced the signature of an agreement to acquire Barton Perreira, the U.S.-based luxury eyewear brand. The acquisition follows only a few weeks after that of Vuarnet, the French high-end sports eyewear brand, underlining the expansion of Thélios’ business into proprietary brands and designer ...
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ArticleSmith rebound cushions Safilo’s Q3 revenue decline
The Safilo Group has reported a second consecutive quarter of topline decline as total Q3 revenue dropped by 9.8 percent year-on-year to €260.4 million, with sales declining both in North America and Europe that together account for over 80 percent of sales. Aside from strong currency headwinds, the company attributed ...
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ArticleiVision Tech CEO details group’s strategy
Still a relatively newcomer in the Italian and international eyewear sector, iVision Tech has gathered a lot of attention from the industry in recent months with the company’s debut on the Euronext Growth Milan stock exchange this summer and the acquisition of French high-end eyewear maker Henry Jullien just before ...
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News briefs
Flö-Optics signs with three U.S. labs
Flö-Optics, the additive manufacturing company that recently signed a partnership with PPG, has announced that it has signed agreements with three U.S. ophthalmic labs - Cherry Optical Lab, Encore Optical and Superior Optical Labs - which will be the first ones to make use of its coating technology. Orders were ...
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News briefs
Michael Pachleitner has died
Dr. Michael Pachleitner, the founder and CEO of the eponymous Austrian-based eyewear group, died on Oct. 31, 2023, the company has announced. Dr. Pachleitner took over the family optical store in 1984 at the age of 24, and progressively turned it into the Michael Pachleitner Group, an international and vertically-integrated ...
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ArticleHOYA lens growth driven by international markets and MiYOSMART in Q2
HOYA CORPORATION has reported a 2.5 percent year-on-year increase in Q2 group revenue to 188.7 billion Japanese yen (€1,182m) as the solid growth of its Life Care business unit and currency tailwinds offset another steep decline in the IT division’s quarterly sales. At constant rates, the Japanese group’s topline was ...
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News briefs
EssilorLuxottica joins AR alliance
EssilorLuxottica has joined the just created AR Alliance as a founding member with a seat on the board, the organization has announced. According to its mission statement, AR Alliance ”provides a supportive and neutral environment for companies and organizations of all sizes to take an active role in advancing and ...
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News briefs
Bausch + Lomb sales edge up 3% in Q3
Bausch + Lomb’s sales of its contact lenses totaled $228 million in the third quarter of 2023, up by a reported three percent compared to the year earlier and five percent higher at constant currency rates. Growth was led by the continued strong performance of the Infuse/Ultra One Day daily ...
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ArticleIs Marcolin going to change hands?
According to insider information leaked to Bloomberg, PAI Partners, the majority shareholder of Marcolin Group, is looking to sell its stake in the company and has appointed Goldman Sachs to gauge the market’s interest in a deal that would value the eyewear manufacturer at approximately €1.35 billion. The French-based ...
