All Eyewear Intelligence articles in Volume 25 No. 1+2 – Page 2
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News briefsNew Salmoiraghi & Viganò store highlights Essilux retail sustainability program
EssilorLuxottica has announced that its new Salmoiraghi & Viganò store opened in Milan at the end of last year was being considered for the WELL certification, a standard that “creates and certifies spaces that advance human health and well-being” according to the organization’s website. The new shop, located in the ...
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ArticleEssilux unveils Nuance, announces U.S. and Europe launch dates at CES
EssilorLuxottica unveiled its new Nuance Audio technology at a press conference on the eve of the CES show in Las Vegas (Jan. 9-12). The group announced that its goal is to “revolutionize” the hearing market and penetrate an industry where, similar to eye care decades ago, consumers are averse to ...
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News briefs
WCO launches Latin American myopia management virtual event
The World Council of Optometry has announced the launch of its first Latin American-based virtual event that will take place on Feb. 20, 22, 27 and 29, 2024, in partnership with CooperVision. Dubbed “Myopia Management: From Theory to Practice” and elaborated with local opticians and optometrists’ organizations, the event will ...
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ArticleGuenther Fielmann has died
Fielmann Group has announced the passing of Guenther Fielmann, founder of the company and longstanding chairman of the board, on Jan. 3, 2024, at the age of 84. “My father Guenther Fielmann re-defined optical retail to the benefit of customers. His lifework fills us with respect and inspires us to ...
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News briefs
Hoya settles IP lawsuit in China with limited duration license agreement
Hoya Vision Care has announced that it has settled its intellectual property lawsuit with Shanghai Weixing Optical, a Chinese manufacturer and distributor of optical lenses, after “extensive” negotiations. Under the settlement, Shanghai Weixing Optical has issued a “significant” payment to obtain the license covering sales of Shanghai Weixing Optical lenses ...
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Article“We need to train the eyewear factory workers of the future”
During our previous interview with Giovanni Vitolani in December, the president of Mido also shared some thoughts on the state of affairs in the Italian eyewear district and at ANFAO, the Italian eyewear industry association which he led for six years until December last year. “As anticipated after a solid ...
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News briefs
Private equity fund takes over Megane Super owner
Japanese investment fund Nippon Investment Companies has acquired the business of Visionary Holdings, after a successful tender offer at the Tokyo Stock Exchange last month. Visionary Holdings is mostly known for its Megane Super chain of optical stores that boasts over 300 doors in Japan. The company also operates two ...
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News briefs
Fielmann Group has a new CFO
Fielmann Group has announced the promotion of Steffen Baetjer to the position of group’s chief financial officer, succeeding Geord Alexander Zeiss who has held the position for twenty years. Baetjer, who joined Fielmann in August 2023 as executive director of controlling, will take global responsibility for all the group’s finance ...
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ArticleAI comes to Meta and Ray-Ban’s smart glasses
Meta is providing “early access” in the US to multimodal AI in the Ray-Ban Meta smart glasses – the equivalent of a beta launch for software. The company is seeking feedback from customers, presumably to help tune the AI. Customers can opt in through the latest version of the Meta ...
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News briefsCo-CEO to leave Mister Spex
The Co-CEO of Mister Spex, Dr. Mirko Caspar, will be stepping down on Dec. 31. He has been with the company for 12 years. Caspar’s counterpart, Dirk Graber, who is also the founder, will be taking on Caspar’s duties alongside CFO Stephan Schulz-Gohritz. According to the company’s statement, Caspar will ...
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News briefs
LVMH’s Pucci eyewear license stays with Marcolin
Marcolin has announced the renewal of its exclusive eyewear license agreement with Pucci, a brand of LVMH Group’s portfolio, for the design, manufacturing and global distribution of the brand’s sunglasses and optical frames. The relationship between Pucci and Marcolin started in 2015 and the license has been renewed until Dec. ...
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ArticleZEISS Consumer Markets unit up 5% in fiscal year, group topline over €10 bn
ZEISS Group has reported record revenue of €10.1 billion for the fiscal year ended Sept. 30, up by 15 percent compared with 2021/22 and over the symbolic €10 bn mark for the first time. As shown in the table below, the group’s growth was largely driven by its semiconductor business ...
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News briefs
Alain Afflelou sales up 5% in Q1
Afflelou Group has reported a 5.1 percent year-on-year increase in external sales to €217 million for the first quarter of its current fiscal year ended on last Oct. 31, decelerating slightly from the previous quarter (8.1 percent growth). Sales were up by 4.2 percent in France, by 9.8 percent in ...
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ArticleOpti gets ready for a 2024 rebound
The numerous changes and initiatives implemented after a difficult edition of the show earlier this year, including a roundtable with stakeholders to rethink the concept this summer, seem to have paid off as opti has announced a significant increase in both exhibiting space and exhibitors’ participation for their 2024 edition. ...
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News briefs
South Korean e-commerce giant takes over Farftech
Coupang, the South Korean-based e-commerce group, has annoucend that it was taking over the business of Farftech, investing $500 million in the struggling luxury online retail platform. The cash injection will enable Farftech to clear its debts and continue its operations. The company, which is currently valued at around $200 ...
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News briefs
Out Of raises over €7 million in crowdfunding campaign
Out Of, the Italian-based sport eyewear start-up, has raised a total of €7.6 million from approximately 580 investors through a 30-day crowdfunding campaign on Mamacrowd earlier this autumn. According to Italian media, it was the largest ever crowdfunding campaign in Italy, close to the legal €8 million upper limit. New ...
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News briefs
Silmo Istanbul 10th edition celebrates Turkish optical industry
The organizers of Silmo Istanbul have announced that over 500 exhibitors and brands and a total of 13,385 visitors, up 13 percent versus 2022, took part in the 10th edition of the show that closed its doors on Nov. 26. To celebrate its 10th anniversary, the show inaugurated the Silmo ...
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ArticleMido, ANFAO put CSE front and center in 2024
Just a few weeks before the opening of Mido 2024, we sat down with Giovanni Vitaloni, president of the event, to talk about what exhibitors and visitors should expect for this next edition but also more generally about current and future strategic focus areas for the organizers. In the second ...
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ArticleDouble-digit sales growth but lower margin in full year for Carl Zeiss Meditec
Carl Zeiss Meditec has reported a 9.8 percent year-on-year increase in revenue to €2,089 for its full fiscal year ended Sept. 30. In constant currencies, the topline was up by 10.1 percent with market share gains in both business units - ophthalmic devices and microsurgery. The company stressed that it ...
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ArticleMitsui aims to boost its Life & Healthcare business’ profits by 2030
During its Vision 2030 business strategy presentation held earlier this week, Mitsui Chemicals has announced that it was planning to increase the operating profit of its Life & Healthcare Solutions division from 36 billion Japanese yen (€229 m) in the current fiscal year to ¥65 billion (€413 m) in fiscal ...
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