All Eyewear Intelligence articles in Volume 25 No. 13+14 – Page 2
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News briefs
iVision Tech inks Italy distribution deal for Henry Jullien
Italian eyewear supplier iVision Tech said it has signed an exclusive six-year distribution agreement in Italy for its high-end French eyewear brand Henry Jullien with Filab Lenti Italiane, an Italian company specialized in high-end ophthalmic lenses. Thanks to the agreement, Filab will distribute Henry Jullien eyewear at the roughly 2,000 ...
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News briefs
ANFAO president Berton takes over responsibilities for MIDO
Italian eyewear industry association Anfao said that its president, Lorraine Berton, has now also become president of its subsidiary IEA Srl, the service company that manages the annual Milan eyewear trade fair MIDO. Anfao’s past president, Giovanni Vitaloni, had remained on board as interim president at IES when corporate bodies ...
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News briefs
EssilorLuxottica adds Diesel eyewear license to portfolio
EssilorLuxottica has announced the signature of a new eyewear license agreement with Diesel. The Italo-French group will design, in partnership with Diesel Creative Director Glenn Martens, manufacture and distribute globally Diesel-branded eyewear. The partnership is concluded for the period until Dec. 31, 2029, with an automatic renewal option for another ...
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News briefs
CooperVision promotes two senior executives to new management roles
CooperVision has announced the promotion of Dr. Michele Andrews to the new position of Vice President of Marketing and Professional Affairs for the Americas. Andrews, who joined the company in 2015, was previously in charge of professional, academic and advocacy initiatives in the regions. Her expanded responsibilities will also include ...
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News briefs
Carl Zeiss Meditec downgrades FY2023/24 outlook
Eight months in its 2023/24 year, Carl Zeiss Meditec has revised down its revenue and EBIT outlook for the full year due to soft order entry from the equipment business, particularly in North America, and lower consumable orders from its refractive surgery unit in China. Excluding the contribution from DORC, ...
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ArticleEssilor, MicroOLED developing AR, with EU help
A consortium led by Essilor International has obtained about €6.7 million from an EU funding scheme (Horizon Research and Innovation Actions) for a project called POPULAR, scheduled to run from Jan. 1, 2024, to Dec. 31, 2026. The name stands for Prescription Optics Providing a Universal Lens for Augmented Reality, ...
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News briefs
A week of intense eyewear gifts’ diplomacy
Italian eyewear brand Blackfin has announced that it had been selected as one of the representatives of Made in Italy products showcasing the country’s know-how in the context of the G7 summit that took place in Borgo Egnazia, Puglia, Italy, a few days ago. Members of the G7 received a ...
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News briefs
Morel opens subsidiary in the Baltics
French eyewear maker Morel has announced the opening of a new subsidiary in the Baltics, covering the markets of Estonia, Latvia and Lithuania. The office is based in Tartu, Estonia.It is the fourth country where the company opened a subsidiary since the start of the year, following Turkey, Croatia and ...
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ArticleMost top industry players maintained momentum last year, but frames companies slowed down
We are publishing here for the second time an industry-wide table showing the year-on-year revenue and profitability performance of most large companies in the eyewear sector in their last fiscal year. For most of them, the fiscal year corresponds to the 2023 calendar year. Exceptions include Japanese-based companies (fiscal year ...
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News briefs
Marchon and Longchamp renew eyewear license
Marchon Eyewear has announced the renewal of its eyewear license with French luxury brand Longchamp. The collaboration between both companies started in 2016 for the first eyewear collection under the Longchamp brand. The renewed agreement includes the design, development, production and global distribution of prescription eyewear and sunglasses.
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News briefs
Visottica to hold webinars for designers and product developers
The Italian eyewear component manufacturer Visottica announced that it is holding a series of webinars this month for designers and product developers in the eyewear industry on four technologies. Specifically, company experts will discuss metal injection molding, lost-wax wasting, stamping and zamak-die-casting technologies and illustrate the variety of patterns and ...
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ArticleIncreased production capacity supports Menicon’s sales growth, weighs on profitability
Menicon has reported a 5.1 percent year-on-year increase in annual revenue to 106.9 billion Japanese yen (€633m) for its vision care division in the fiscal year ended March 31, 2024. The segment accounts for over 90 percent of total group revenue. Including the healthcare and life care unit, whose sales ...
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News briefs
EssilorLuxottica to build and manage own solar farm at Barberini's plant
EssilorLuxottica is converting almost 40 hectares of industrial land surrounding its Barberini plant, located near Pescara, Italy, into a large solar farm and natural food crops for its staff restaurants. The solar farm alone will cover a surface of 25 hectares and is the first large-scale ground-mounted photovolatic system built ...
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News briefsZenni adds contacts lenses
Zenni Optical, the online eyewear retailer, has added contact lenses to its selection. So far it is selling contacts from CooperVision and Bausch + Lomb but promises more to come. Customers can make their purchases daily, bi-weekly or monthly. First-time customers for contacts will receive a discount of 20 percent ...
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ArticleFielmann more than doubles US retail footprint with new acquisition
Fielmann Group has announced that it has agreed to acquire 100 percent equity ownership of Shopko Optical, a US optical retail chain based in Wisconsin, through Fielmann USA, its subsidiary in the country. The transaction, for which the amount was not disclosed, is expected to become effective in the third ...
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ArticleFrench company offers quick 3D-printed substitute frames
Sometimes it’s not enough to twist the pliers or turn the screwdriver. Sometimes a frame will have a clean break and an optician must send them in for repairs. But what’s the customer to do in the meantime? OOmade – a start-up in Montpellier, France, with support from BPI France ...
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News briefs
Spectaris calls for a lighter and harmonized EU regulatory framework
SPECTARIS, the German industry association for optics, photonics, analytical and medical technologies, has issued a position paper ahead of the European elections, presenting its recommendations on European policy. According to the organization, the predominantly medium-sized companies in the high-tech industry sector are facing enormous changes, some life-threatening, due to their ...
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ArticleSpanish optical market up by 6.0 percent in 2023
The Spanish optical market value grew by 6.0 percent year-on-year in 2023 according to the “Libro Blanco de la Visión”, the annual report by FEDAO, the national federation of optical associations. Accelerating slightly from the previous year (+4.4 percent versus 2021), the Spanish market ended 2023 with a value of ...
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ArticleJ.F. REY new owners look to balance brand DNA and changes while navigating supply chain issues
Almost three years after the acquisition of J.F. REY by a Franco-German trio of investors including Dan Levi and Ralf Kmoch of Visibilia, and Walter Pirinoli of Visioptis, we sat down with the French executive to discuss the evolutions and future strategic orientations of the Marseille-based designer eyewear brand. “While ...
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News briefs
Inspecs expects lower revenue and operating profit in H1 2024
Prior to its annual general meeting scheduled for later today, Inspecs Group announced that it was anticipating a decline in both revenue and Ebitda for the first six months of 2024. The company stressed that it had posted record results for H1 2023 as retail clients were refilling their inventories ...
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