All Eyewear Intelligence articles in Volume 25 No. 21+22 – Page 2
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News briefs
New York-based Mount Sinai receives $5 m gift for ophthalmic AI research
The Icahn School of Medicine, an entity of the large New York-based Mount Sinai healthcare group, has announced that it has received a $5 million gift from the John and Darria Barry Foundation for its Center for Ophthalmic Artificial Intelligence (AI) and Human Health. The center, which was ...
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ArticleiVisionTech diversifies into auto sector with purchase of 45% stake in Molex Zetronic
OEM eyewear maker is continuing to diversify its activities by investing in the producer of electronic components for the automotive sector. There may also be some synergies in the domain of smart glasses.
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News briefs
Pro Optik targets 15 new locations by end 2025
Expanding its retail footprint with its entry into the North Rhine-Westhphalia region, German optical chain Pro Optik has announced that it was planning to add 15 locations to its stores network by the end of 2024. With approximately 200 stores, mostly franchised, Pro Optik is the third largest retail chain ...
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ArticleEssilux Q3 topline up 2% as EMEA and APAC slow down slightly
EssilorLuxottica Q3 sales were up by 4 percent year-on-year to €6.4 billion with innovations in lenses and smart eyewear contributing significantly.
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ArticleJINS revenue up double digit in FY 2024, driven by price mix
Japanese retailer posts 13.3 percent revenue hike for fiscal FY 2024 as the topline was boosted by a signicifant increase in average eyeglasses price.
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News briefs
Johnson & Johnson Q3 CL sales rise 5% as US outperforms
Johnson & Johnson posted $968 million in contact lens sales in the third quarter, up by a reported 4.2 percent compared to the year earlier and 4.7 percent higher at constant currency rates. Contact lens sales jumped by 10.2 percent in the US to $441 million, while in foreign markets ...
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News briefs
Magrabi working on new luxury sunglass retail format
In an online video interview with Arabian Business, Yasser Taher, CEO of MAGRABI Retail Group commented on the recent acquisition of Rivoli Vision stores, on which we reported at the end of September. While confirming the group’s ambition to double its current retail footprint to approximately 600 stores in the ...
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News briefs
Marcolin held 3rd Talk event in New York
After previous events in Milan and Shanghai, Marcolin held the third edition of its Marcolin Talk event last week at its new showroom in New York. Organized in partnership with Women’s Wear Daily, the event, which Marcolin describes as an innovative dialogue platform, covered various topics including innovation, Made in ...
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News briefs
ECOO elects new president
Gabriëlle Janssen has been elected president of the European Council of Optometry and Optics, the European federation of national eye care professionals’ associations, for the next two years. Janssen succeeds Matjaž Mihelčič, who will remain on the organization’s executive committee for a further two years as immediate past president. ...
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News briefs
Persol and Netflix partner in relation with Ayrton Senna documentary series
Persol, a brand of EssilorLuxottica, is partnering with Netflix for the launch of three models – two pairs of sunglasses and one pair of eyeglasses – dedicated to Formula 1 legend Ayrton Senna. The launch of the mini-collection coincides with the airing on Netflix from Nov. 29, 2024, of a ...
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Article100% Optical trade show changes hands
Media 10, organizer of the 100% Optical trade show in London since 2014, has announced the sale of the event to CloserStill Media, another UK-based event organizer. CloserStill Media runs over 100 business-to-business events in and outside the UK across several sectors including business technologies, transport and infrastructure, and healthcare. ...
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News briefs
Optiswiss and IOT formalize and strengthen their partnership
Optiswiss and Indizen Optical Technologies (IOT) have announced that they signed last summer a strategic development partnership “to drive innovation in lens technology”, thus formalizing their collaboration. Both companies stressed that the new partnership would allow them to fully leverage synergies and optimally pool their shared resources. These most notably ...
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News briefs
Eco Eyewear wins trademark dispute
Modo Eyewear, owner of the Eco Eyewear brand, has announced that the European IP Office has upheld its objections and rejected the trademark application made by Eyespace Eyewear for the “Eco Conscious Optics” trademarking. The office considered that there was a likelihood of consumer confusion with the “ECO EARTH CONSCIOUS ...
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News briefsVSP to acquire Eyemart Express
VSP Vision has entered into a definitive agreement to acquire Eyemart Express from FFL Partners and Leonard Green & Partners. The acquisition is subject to regulatory authorization. Founded in 1990 and headquartered in Farmers Branch, Texas, Eyemart Express operates about 250 stores in 42 US states. It seeks out affiliations ...
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ArticleIndustry stocks inched up in Q3, driven by contact lens companies
The share price of stock-listed eyewear companies increased by 1.5 percent in the three-month period ended Sept. 30, underperforming the MSCI World Index which includes 1,500 companies worldwide across different sectors and grew by 6.7 percent. As usual, however, our quarterly eyewear industry-specific average is calculated on a non-weighted average ...
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News briefs
Optical retail sales up 2.4% in the last year in France, research shows
Sales of French optical retailers were up by 2.4 percent year-on-year for the twelve-month period to endING in August 2024, according to a new report released by Xerfi, a research company, and the Rassemblement des Opticiens de France (ROF), the association of French opticians. Published regularly, the research is based ...
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Article“The last thing we want to be is a product for geeks,” Morrow Eyewear CEO
Morrow Eyewear just launched the third generation of its liquid crystal multifocal glasses. CEO Frederiek Ysebaert explains the recent upgrades and discusses the startup’s mid-term roadmap in terms of product development and distribution.
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ArticleNikon stock value jumps on Essilux 5% stake news
Nikon Corporation stock price increased significantly after official filings revealed that EssilorLuxottica, its long-time partner in ophthalmic lenses, had increased its stake in the company to 5.1 percent.
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News briefs
Mister Spex creates new head of optical expertise role
Mister Spex has announced the appointment of Eileen Preuss as Head of Optical Expertise, a newly created position reflecting the recent strategic focus change by the German retail group. Reporting to Francesco Liut, Chief Commercial Officer, Preuss will be overseeing the quality assurance of Mister Spex’ optical services, playing a ...
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ArticleA look at tele-medicine services, new lenses and measurement tools presented at Silmo 2024
The increasing footprint of tele-medicine in our sector was reflected in the growing number of suppliers showcasing their equipment and services at the Silmo Paris show, whose 2024 edition took place at the end of September. We report in this article on the main players present, mostly French companies: - ...
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