All Eyewear Intelligence articles in Volume 25 No. 15+16
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PDF NewsletterEyewear Intelligence: Vol 25 - No 15+16
Essilux mixes med-tech and streetwear in shopping basket | Essilux posts solid Q2 results, answers questions on Supreme, Meta | Meta reportedly in discussion to take a 5% stake in Essilux | HOYA temporarily puts life care unit topline recovery over bottom line target | Kering Eyewear outperforms group in both revenue growth and profitability in H1 | Safilo topline down 3.1% in Q2 as EMEA slows down, but margins keep improving | Marcolin posts higher margin ratios on declining sales in H1 | Fielmann posts double-digit sales increase and higher profit ratios in H1 | Mister Spex founder and CEO steps down, former Luxottica manager takes key role | Private equity fund about to invest in Lunettes Pour Tous | The new reality of the Russian eyewear market | Brazilian optical retail market value up 5% in 2023 | A majority of stock listed eyewear companies saw their share value decline in Q2 | The Vision Council reviews Q2 in the US | Sun Hing progress in Asia offsets sales drop in key markets but gross margin takes a hit
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ArticleHOYA temporarily puts life care unit topline recovery over bottom line target
Reporting its financial results for the first quarter of its 2024-25 fiscal year ended June 30, HOYA Corporation has announced that quarterly revenue for its life care business increased by 6.0 percent year-on-year to 135.0 billion Japanese yen (€870m). At constant currencies, the unit’s quarterly sales inched down by 2.0 ...
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News briefs
… and the Red Dot 2024 winners are…
We are publishing here a comprehensive table with all winners of a Red Dot 2024 in the product design category from the eyewear sector. The links under the product name will take you to their presentation on Red Dot’s website. Red Dot Design Awards 2024 - Eyewear ...
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News briefsTopcon enters partnership for teleconsultations
The objective: to save time and reach rural areas.
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News briefs
Visottica tops €100 million in annual sales
Eyewear components manufacturer Visottica Group’s annual revenue exceeded €100 million for the first time in the company’s history in 2023, boosted by several acquisitions in recent years.
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ArticleSafilo topline down 3.1% in Q2 as EMEA slows down, but margins keep improving
Safilo Group revenue decline continued in Q2 2024 as the slight improvement of the company’s business in North America was offset by a sharp deceleration in the European market. However, the group’s profitability improved from 2023 in the quarter and the half year.
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News briefs
Brillen.de owner reports 2.6 % sales hike in H1
SuperVista, owner of the brillen.de optical retail brand, reported slightly higher revenue and profitability improvements in H1 2024.
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News briefs
Bausch + Lomb contact lens sales up double digit in Q2
Bausch + Lomb upgrading its revenue outlook for 2024 after vision care and other divisions report strong revenue growth in Q2.
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ArticleMarcolin posts higher margin ratios on declining sales in H1
Despite declining sales in its two main markets – EMEA and North America – Marcolin has reported margin improvements thanks to a more luxury-oriented product mix and cost efficiencies.
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News briefs
EssilorLuxottica enters Romanian retail market with new acquisition
EssilorLuxottica has announced the full acquisition of Optical Investment Group (OIG) from private equity fund Innova Capital Group and a group of individual minority shareholders. Established in 2019, OIG directly operates 99 stores in Romania under three banners – OPTIBlu, Optiplaza and O5 – as well as e-commerce websites with ...
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ArticleSun Hing progress in Asia offsets sales drop in key markets but gross margin takes a hit
Eyewear manufacturer Sun Hing Vision has reported 702 million Hong Kong dollars (€83m) in group revenue for its financial year ended March 31, 2024, almost stable compared to the previous year. As was the case in fiscal 2023, the group’s topline was dragged down by declining sales from its OEM ...
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ArticleThe Vision Council reviews Q2 in the US
The Vision Council has released its Consumer inSights report on the US market for Q2 2024. In the summation of Alysse Henkel, the Council’s Vice President of Research and inSights, much has remained the same from Q1. “Consumers,” she said, “are still largely receiving the same amount of care, prefer ...
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News briefs
Marcolin has a new operations director
Marcolin has announced the appointment of Andrea Vincenzo Virgilio as the group’s new operations director, effective July 15. The Italian executive will oversee Marcolin’s manufacturing facilities, research and development, product compliance and supply chain departments, reporting directly to Fabrizio Curci, CEO. Virgilo has over 15 years of experience in production ...
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ArticleEssilux posts solid Q2 results, answers questions on Supreme, Meta
EssilorLuxottica has posted solid results for the first six months of 2024 with a continued mid-single-digit revenue progression in Q2, which was almost an exact duplicate of the Q1 performance, and gross and operating margin expansions. We cover the results in more detail in the second part of this article. ...
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ArticleKering Eyewear outperforms group in both revenue growth and profitability in H1
Kering Eyewear sales in Q2 2024 grew by 3.4 percent year-on-year to €451 million, slowing down from the 6.9 percent growth rate reported for the first quarter of the year. For the first six months of 2024, the eyewear unit of French luxury group Kering reported a 6.0 percent uptick ...
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News briefs
Kits Eyecare launches private label smart eyewear brand
Kits Eyecare, the Canadian-based online optical retailer, has announced the launch of the Pangolin Smart Glasses Line, its own brand of smart eyewear. The “smart” element in Pangolin glasses is limited to voice interactions that for example allow wearers to chat with their favorite AI chat tool, listen to podcasts, ...
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ArticleMister Spex founder and CEO steps down, former Luxottica manager takes key role
Effective July 31, 2024, Dirk Graber, founder of German-based retail group Mister Spex, is stepping down from his role as CEO of the company after the supervisory board accepted his request to be relieved from his duties. The announcement, which comes only a few months after the departure of former ...
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News briefs
CooperVision builds new facility in the UK
CooperVision has annouced the building of a new, state-of-the-art technical, commercial and business hub in Southampton, UK. Called the Vision Centre and set for completion in 2026, the 10-000 square meter facility will regroup the company’s UK-based R&D and global technical innovations teams and various commercial functions under the same ...
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News briefs
JINS opens a subsidiary in Vietnam, upgrades financial outlook
Japanese-based retail group JINS has announced the opening of a subsidiary in Vietnam, scheduled for November this year, with an initial capital of approximately 440 million Japanese yen (€2.5m). The branch will focus on the development of JINS retail business in the country. The group’s first Vietnamese store is scheduled ...
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News briefs
Switzerland includes myopia management in basic health insurance
Effective July 1, 2024, Switzerland has included myopia management into the basic coverage of its national health care system for patients up to 21 years old and under certain conditions, according to a report by the European Council of Optometry and Optics (ECOO), the organization regrouping European eye care professionals’ ...
