All Eyewear Intelligence articles in Volume 25 No. 7+8 – Page 2
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News briefsMarcolin preliminary annual results show slight revenue hike, margin improvements
Marcolin revenue inched up by 2.0 percent year-on-year to €558 million in 2023, the group announced in a preliminary communication ahead of its shareholder meeting at the end of next week. Based on previously released figures for the first nine months of the year, we understand that sales in Q4 ...
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News briefs
French Optique Lafayette plans to triple retail footprint by 2028
Optique Lafayette, a French optical retail chain with 48 stores at the end of 2023, has announced plans to open 20 new locations this year and grow its network to a total of 150 shops in the next five years. The company is also introducing a teleophthalmology service at its ...
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ArticleRetail expansion, price hikes and inbound tourism boosted JEH top and bottom lines in fiscal 2024
Japan Eyewear Holdings (JEH), the company behind the Kaneko Optical and 999.9 brands, has reported a 22.2 percent year-on-year increase in revenue to 2,623 million Japanese yen (€16.0m) for the last quarter of its fiscal year ended last Jan. 31. Although this marked a deceleration from the 33.6 percent growth ...
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News briefs
French association releases new poll results on kids eye health
AsnaV, whose acronym stands for “association for eyesight improvement” in French, and research company OpinionWay have published the results on an opinion poll focusing on the eye health of children under 12 years old in France. Based on online questionnaires filled by 1,302 people including 473 parents, the survey showed ...
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News briefs
WCO launches global framework for optometry competencies, partners with Essiluxottica on presbyopia
The World Council of Optometry (WCO) is introducing its Competency Framework for Optometry, a new resource aimed at harmonizing the optometry profession and enhancing optometrics education globally. Aligned on the World Health Organization Eye Care Competency Framework (ECCF), the framework outlines the competencies expected from optometry graduates in five different ...
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News briefs
CECOP expands German footprint
CECOP, the Spanish-based buying group, is expanding its presence in Germany with the acquisition of Macoma, a German buying group boasting over 200 members and headquartered in Bavaria. It is the third acquisition of a German buying group by CECOP in recent years following investments in Optic Society (2022) and ...
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ArticleAfflelou maintains mid-single digit topline growth in Q2, gained market shares in 2023
The Afflelou Group has reported a 5.5 percent year-on-year increase in network sales for the second quarter of its 2024 fiscal year ended Jan. 31, in line with the growth pace reported in the previous quarter. Quarterly sales rose to €231.1 million driven by Afflelou’s two key countries, France and ...
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ArticleNew owner for Horizons Optical
Oakley Capital, a London-based private equity investor focusing on mid-sized companies, has announced its acquisition of a majority share in Horizons Optical, the Spanish-based supplier of software and equipment for the production of customized ophthalmic lenses. Horizons Optical, which was originally the R&D division Indo Optical was spun off from ...
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News briefsMeta, U.S.Vision using Zenni’s IT platform
Zenni Optical has struck deals with Meta, U.S.Vision and PPG to provide “eye care solutions” through its B2B platform, Zenni Business. Zenni has in fact been working with Meta since early 2023, supplying prescription lens inserts for the Meta Quest 3 headset. U.S.Vision is using the platform for e-commerce, so ...
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ArticleOrganic growth and network expansion fuel Krys Group momentum
KRYS GROUP claims that it consolidated its market leadership in France last year as solid organic growth and the “exceptional” expansion of its retail footprint enabled the company to outperform the French optical market growth (+5.5 percent according to GFK) by three percentage points. Total network sales in the country ...
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News briefsRay-Ban partners with Lenny Kravitz for Reverse
EssilorLuxottica is partnering with Lenny Kravitz for a capsule collection of sunglasses under the Ray-Ban Reverse brand name. Launched last year by the Italo-French group, Reverse sunglasses have an inverted look, substituting a convex lens shape for the standard concave design. Frames in the capsule collection developed for the rock ...
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News briefs
Vision Expo East bids farewell to NY ahead of Florida move
Vision Expo East organizers, RX and The Vision Council, have expressed both their satisfaction about the 2024 edition of the show and their anticipation at the move of the event to Orlando, Florida, next year. “We could not be happier to close our final show in New York City on ...
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News briefsMarcolin inaugurates NY showroom
Marcolin officially opened its new showroom in New York on March 14. Located in Manhattan, the showroom was desiged by Milan-based design studio Navone Associati and includes offices and a large space presenting Marcolin’s collections. As was the case when the company opened its showroom in Paris in November 2023, ...
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News briefs
Revo opens first store in the US, has plans for more
Following the opening of a first brick-and-mortar store in Barcelona last year, US-based sunglass brand Revo has opened a second one in New York. Located in Manhattan’s Soho neighborhood, the new store displays the complete range of Revo products, also including custom prescription sunglasses, limited edition styles and collector items. ...
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News briefs
Optiswiss enters myopia management category
Optiswiss has announced the launch of SMYLE, its first myopia management lens, which was developed in partnership with Indizen Optical Technologies (IOT), following guidelines and using patents from the Brien Holden Vision Institute (BHVI) that licensed the technology. According to the Swiss-based lens maker presentation, SMYLE lenses combine a central ...
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ArticleSafilo looks at 2024 with confidence and hope after complex 2023
Safilo Group has reported its final full-year results for fiscal 2023, confirming the 4.8 percent year-on-year decrease in revenue to €1,025 million announced when the group released preliminary figures at the end of January. Annual sales were down by 2.4 percent at constant exchange rates versus 2023 and by 1.3 ...
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ArticleEssilorLuxottica expands retail partnership with Reliance Brands in India
EssilorLuxottica is expanding the scope ot its partnership with India’s Reliance Brands, which is taking over the development of the LensCrafters banner and the managing of its franchising network in the country. The development of the LensCrafters franchise was previously in the hands of DLF Brands and a first store ...
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News briefs
Menicon to build a new factory in Japan
Japanese-based contact lens maker Menicon has announced the acquisition of a 93,000 square-meter site in Fukui prefecture, Japan. The company will build there what will become its largest domestic production site for contact lenses and lens care products and is also considering the establishment of research and development operations related ...
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ArticleMazzucchelli takes further steps on sustainability journey
Mazzucchelli 1849 is building a new factory in its hometown of Castiglione Olona in northern Italy, set to be opened in the second half of this year. Giampietro Pedrazzini, CEO, spoke to us recently about how that facility fits into Mazzucchelli’s plans to reduce its environmental footprint, along with other ...
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News briefs
Safilo Group and Missoni extend eyewear partnership
Safilo Group has announced the renewal until 2029 of its license agreement for the design, production and global distribution of Missoni-branded eyewear. Safilo has been partnering with the women’s luxury fashion brand since 2020 and Angelo Trocchia, CEO of the eyewear group, stressed that the Missoni eyewear collection has been ...
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