All Eyewear Intelligence articles in Volume 24 No. 3+4
View all stories from this issue.
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ArticleGFK sees French market up 5% in 2022
GFK delivered a mixed picture for the European market during its presentation at the annual conference of the Club Inter-Optiques, a French-based industry association, last Friday. The research company’s data is based on sell-out figures collected at a panel of optical shops in the different countries. As shown in the ...
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PDF NewsletterEyewear Intelligence: Vol 24 - No 3+4
MIDO bounces back strongly | ANFAO turns focus to costs after exports jumped in 2022 | Kering Eyewear speeds over the €1bn mark | Good 2022 results for Safilo, but Longarone plant’s future uncertain | HOYA announces mixed Q3 results, global partnership with NIDEK | Inspecs 2022 revenue up 9% | Johnson & Johnson Q4 CL sales grow 7.7% at constant FX | GFK sees French market up 5% in 2022, EU4 flattish | Brits cutting back on eye care, surveys show | Essilux to launch new AI-powered Varilux lens | The trade-off game behind Ray-Ban Stories | New top management structure to steer | AGRABi’s expansion plans | ACEP looks abroad for growth | New EU product safety law will be a game changer
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ArticleThe trade-off game behind Ray-Ban Stories
On its website, Meta has laid out the two-year saga behind the development of its joint-product with the EssilorLuxottica brand Ray-Ban: the Stories series of smart glasses. One of the concerns was privacy, which for Meta amounts to protection – for wearers and the people around them – against unwanted ...
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News briefs
Zeiss launches myopia management in Europe
ZEISS has announced the launch of MyoCare, its myopia management lens, in Europe from next April. The group said it has over ten years of experience in basic and clinical research and the succesful use of ZEISS Myopia Management in Southeast Asia. ZEISS however stressed that the prevalence of high ...
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News briefs
Afflelou network passes €1bn in annual sales
The Afflelou group has announced external sales of €1,012 million (including VAT) in calendar year 2022 for its optical and hearing aid business, passing the symbolic €1 billion mark for the first time. Network sales were up by 3.2 percent compared to 2021. In 2022, the retail group opened 21 ...
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News briefs
Thélios and Vogue Business partner for series of luxury eyewear talks
Thélios has announced the launch of an international series of industry talks in partnership with Vogue Business, a B2B digital information service and a sister publication of Vogue fashion magazine. Dubbed Vogue Business x Thélios Talks: Framing the future of luxury eyewear, the talks will be held during the Thélios ...
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News briefs
Menicon hits 30% overseas sales ratio
Menicon Q3 results showed that the Japanese company reached an important milestone in the internationalization of its business as overseas sales reached 30 percent of total revenue. That compares with 12 percent five years ago and a 35 percent target ratio for 2025. International sales of contact lenses jumped by ...
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News briefs
Tech startup PTTRNS raises €2m in new funds
PTTRNS.ai, a tech company providing AI-based style recommendation software for the fashion and eyewear industry, has raised €2 million in new equity from ECFG, a Dutch-based private equitiy fund. This follows an earlier €2.5 million rund as reported in 2021. Founded in 2019 and also based in the Netherlands, PTTRNS ...
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News briefs
Bausch + Lomb appoints former CEO as new CEO
Bausch + Lomb has announced the appointment of Brent Saunders to the position of CEO, succeeding Joseph Papa, effective March 3. Saunders, who will also serve as chair of the board of directors, is already familiar with Bausch + Lomb as he was its CEO between 2010 and 2013, prior ...
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ArticleKering Eyewear speeds over the €1bn mark
Kering Eyewear has reported €1,115 million in annual revenue for 2022, up by 59.7 percent from 2021, with an almost equal contribution to growth from acquisitions and existing portfolio. In the last two years, the subsidiary of French luxury group Kering has more than doubled its topline figure. In more ...
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News briefsNew online course for myopia treatment focuses on eyeglasses
Myopia Profile, an Australian “information center” for professionals in clinical myopia management, has released an online course detailing the latest in lens design and advise on the prescriptions for children. Called Myopia Management with Spectacles, the two-hour course is interactive and covers all aspects of prescription, “from first corrections in ...
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ArticleACEP looks abroad for growth
ACEP, the French-based supplier of digital tools and services for optical shops, is accelerating its international development with the opening of a subsidiary in Japan on Jan. 1, Jean-Philippe Sayag, CEO of the company told us in an interview. The company has been operating branches in the U.S. and Spain, ...
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News briefs
CECOP reaches 1,000 members in Germany with new acquisition
CECOP, the Spanish-based group, has announced the acquisition of EGS-Optik, one of the largest German buying groups. Based in Bavaria and founded in 2003, EGS-Optik boasts approximately 500 members, making it the sixth largest buying group in the country according to the annual ranking of the German association of opticians ...
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ArticleEssilux to launch new AI-powered Varilux lens
After it skipped the 2022 edition of MIDO, EssilorLuxottica came back in force to the Milan trade show this year with a stand surface of over 1,000 square meters to present its range of frames, lenses and instruments. The group presented, for the first time at the show and in ...
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ArticleNew top management structure to steer MAGRABi's expansion plans
MAGRABi Retail Group, a leading eyewear retailer in the Middle East, has reshuffled its top management structure with several key appointments at the start of 2023, after the company strongly accelerated its investments in both network expansion and vertical integration in the course of last year. Effective Jan. 1, Amin ...
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News briefs
Marchon wins Mido’s green stand award
Marchon Eyewear won the Stand Up for Green Award at MIDO earlier this month, an award launched by the Milan trade show in 2022 to recognize its exhibitors’ commitment to sustainability in the designing and building of their stand. Marchon’s booth key sustainable features include the storage of reusable parts, ...
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News briefs
MEI presented all-in-one unit at MIDO
MEI, the Italian maker of lens edging machines, presented its new CoreTBA equipment at the recent edition of MIDO in Milan. The company says that, thanks to its capacity to run different operations in parallel, the machine performs seven essential stages of the lens production in one single unit: front ...
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News briefs
Carl Zeiss Meditec reports strong sales growth but lower margins for Q1
Carl Zeiss Meditec revenues increased by 14.6 percent year-on-year in Q1 2022/23 to €470.3 million, or by 12.1 percent in constant currencies, in spite of ongoing supply chain issues for both its business units. At constant exchange rates and compared with Q1 2021/22, sales in the Ophthalmology division went up ...
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News briefs
Essilux launches PD measuring app in the U.S.
EssilorLuxottica has announced on its website the launch of Ophty, an Iphone application enabling eyeglasses’ e-shoppers to measure their pupillary distance (PD) by themselves. The new software is currently only available on Apple’s U.S. app store but will be soon rolled out in other markets, the group said.
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News briefs
New general manager for MYKITA North America
MYKITA has announced the appointment of Michael Cole as general manager of its North American subsidiary. Cole comes from Luxury Optical Holdings, a luxury eyewear retail group operating about 50 stores under several banners in the U.S. where he served as vice president of merchandise planning and allocation for the ...
