All Eyewear Intelligence articles in Volume 25 No. 17+18
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PDF NewsletterEyewear Intelligence: Vol 25 - No 17+18
US business propels Fielmann topline over €1 billion in H1 while price mix effects bolster margin gains | Mister Spex to close all international stores under new restructuring plan | Synsam posts record earnings in Q2 | National Vision downgrades outlook after mixed Q2, announces stores fleet review and new president | Warby Parker upgrades FY outlook again on good Q2 results but bottom line remains in the red | Tokai looks to expand commercial and industrial footprint outside Japan | Zeiss survey shows parents’ high level of concern about their children eye health | Fast-growing Thai Optical Group to increase RX capacity by 25% | Conant H1 sales jump 18%, plans new production plant in Thailand | Neurolens says it can increase reading speed | CooperVision upgrades FY outlook again as topline momentum continues | Ukraine eyewear market partly bounces back amid ongoing challenges | Snap, Meta to reveal AR glasses | Aerial Vision buys 5.3% of iVision Tech, becomes a strategic partner | Kits Eyecare revenue up 26% in Q2
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News briefs
EssilorLuxottica issues €2 billion bond
EssilorLuxottica has announced the successful issuance of a bond for a total amount of €2 billion, coming with 4.5 and 7.5 year tranches and an average rate, after hedging, of 2.99 percent. The order book peaked at close to €5 billion, attracting quality institutional investors, demonstrating high confidence in EssilorLuxottica’s ...
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ArticleConant H1 sales jump 18%, plans new production plant in Thailand
The Chinese lens manufacturer has also reported profitability improvement in the period thanks to positive sales mix effects with a higher share of high added-value lenses.
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ArticleUS business propels Fielmann topline over €1bn in H1 while price mix effects bolster margin gains
Driven by its US acquisitions and price-mix improvements, Fielmann Group has reported a double-digit revenue increase and significant margin improvements in H1 2024.
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ArticleCooperVision upgrades FY outlook again as topline momentum continues
CooperCompanies has upgraded its fiscal 2024 financial outlook for its CooperVision business unit following a second consecutive quarter of double-digit organic revenue growth.
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ArticleFast-growing Thai Optical Group to increase RX capacity by 25%
Lens manufacturer Thai Optical Group is planning significant investments in RX lenses production capacity increase as the segment revenue increased by 50 percent in H1 2024, driven by the Americas and Europe.
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News briefsA second Myopia Action Month
Myopia Profile is holding its second annual Myopia Action Month in September. The Australian web platform for eyecare professionals is offering “four weeks of free online seminars, expert-led lectures, and educational resources.” Two online seminars will be available on demand as of Sept. 9. The Foundations Seminar will look at ...
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News briefs
Inbound tourism and higher prices offset declining eyeglasses volumes in Q1 for Paris Miki
Paris Miki has reported a 5.8 percent uptick in revenue to 12.7 billion Japanese yen (€79m) for the first quarter of fiscal 2024-25 ended June 30, roughly in line with the previous quarter’s growth pace. Sales were up by 6.5 percent to ¥11.2 billion (€69m) in Japan, or by 6.3 ...
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ArticleSynsam posts record earnings in Q2
Nordics optical retail leader group Synsam has posted record earnings on a return to double-digit revenue growth for Q2 2024, driven by fast-growing eyeglasses and contact lenses’ subscriptions.
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ArticleAerial Vision buys 5.3% of iVision Tech, becomes a strategic partner
Aerial Vision International (AVI) has acquired a 5.31 percent stake in iVision Tech while the investment group Algebris Investments Limited raised its holding in the Italian eyewear supplier to 8.48 percent from a previous 3.34 percent through an accelerated bookbuilding transaction. In addition to being a new shareholder, AVI is ...
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News briefs
Vanni measures carbon footprint
The Italian eyewear company Vanni S.r.l. Società Benefit has measured the carbon footprint of its glasses through a life cycle assessment (LCA) carried out together with the Bicocca University of Milan and Liito, an Italian sustainability consultancy. According to the LCA, Vanni’s V1632 acetate glasses, which are considered to be ...
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News briefs
Alcon Q2 contact lens sales rise 7% amid product innovation, price increases
Alcon generated contact lens sales of $636 million in the second quarter ended June 30, up by a reported seven percent and nine percent higher at constant currency rates. The company attributed its growth to product innovation, including in its toric and multifocal models, and to price increases. Alcon’s vision ...
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News briefsMaterials company PPG appoints GM for new segment
PPG has appointed a General Manager for its new Specialty Products segment, part of its Specialty Coatings and Materials (SCM) business unit. The segment includes PPG’s optical monomers and coatings, such as Trivex lens material, photochromic material in Transitions lenses or Hi-Gard lens coatings. Amy Mercante will be heading up ...
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News briefsMister Spex adds a Chief Restructuring Officer to its management team
This is the latest shift in its restructuring plans.
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News briefs
Mondottica appoints new Group Managing Director
Mondottica Group has announced the appointment of Ben Whitaker at its group managing director, a newly created position. Whitaker is actually returning to Mondottica after two years at NEXUS Brands Group where he served as managing director of the company’s tattoo division. Prior to that he worked at Mondottica from ...
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ArticleUkraine eyewear market partly bounces back amid ongoing challenges
The Ukrainian eyewear market has partly rebounded from its 2022 drop following the start of the war with Russia despite severe supply chain disruptions. However, uncertainties and challenges remain, notably related to the workforce shortage and power outages.
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News briefs
Modo adds reading glasses to portfolio with new acquisition
Italo-American eyewear group MODO is acquiring a US supplier of reading glasses, sunglasses and blue light glasses, its second M&A operation in less than one year.
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ArticleMister Spex to close all international stores under new restructuring plan
Embattled German optical retailer Mister Spex is launching another restructuring plan which it expects will increase Ebitda by over €20 million in 2025 and 2026. The main measure calls for the immediate closure of all international shops.
