All Eyewear Intelligence articles in Volume 26 No. 11+12 – Page 3
-
ArticleInspecs Group rejects shareholder proposal to replace Robin Totterman as company director
In a regulatory news update, Inspecs Group announced yesterday that it has received a requisition notice by Downing, a private equity firm and its third largest shareholder, requesting a shareholders vote on the removal of Robin Totterman as a director of the company as well as the appointment of Rocco ...
-
News briefs
Alcon contact lens sales grow 3% in Q1 on price increases, innovation
Alcon generated contact lens sales of $688 million in the first quarter of 2025, up by 3 percent compared to the year earlier, as price increases and product innovation fuelled top line growth, more than offsetting declines in legacy products. At constant currency rates, contact lens sales were up by ...
-
News briefs
TOG reports 7% topline hike in Q1, plans strategy adjustments to reduce US market dependency
Thai Optical Group has reported total revenue from sales and services of 899 million thai baht for the first quarter of fiscal 2025, up by 6.6 percent year over year. The topline progression was primarily driven by a 21.6 percent sales increase to THB293 million in the Americas market and ...
-
News briefsMister Spex offering eyewear subscriptions
Mister Spex has introduced the subscription service mentioned in our report on its Q1 results. Called Mister Spex Switch, the service covers prescription glasses and sunglasses and is operative in all 65 of the stores Mister Spex operates in its home country of Germany. A monthly fee starting at €9 ...
-
ArticleTopcon reports 9% annual eye care sales increase ahead of delisting
Reporting its financial results for the fiscal year ended March 31, 2025, Topcon Corporation has announced a 9.1 percent year-on-year increase in revenue to 84.3 billion Japanese yen (€512.3m) for its Eye Care business unit. In constant currencies, the group’s topline progressed by 7.5 percent versus FY 2023-24. In Q4, ...
-
News briefs
Vuzix Q1 revenue down year by year but up from Q4 2024
Smart glass waveguides manufacturer Vuzix has reported a 21 percent year-on-year decline in quarterly revenue to $1.6 million, attributing most of the drop to reduced unit sales of its M400 smart glasses. However, the company stressed that sales improved quarter-on-quarter thanks to both new and follow-on orders. ”Vuzix is entering ...
-
News briefsVSP Vision releases new ‘Oculomics’ report
VSP Vision has announced the release of “The Future of Oculomics,” its newest report exploring the connections between eye health and broader body health. While the term ”oculomics,” defining the study of the eye for biomarkers linked to systemic health issues, remains relatively unknown by eyecare providers (87 percent of ...
-
ArticleUS-China tariffs climbdown provides ‘breathing room’ but uncertainties loom large
In a steeper-than-expected climbdown of the trade war between the US and China, both superpowers agreed yesterday to slash down their respective “reciprocal” tariffs for a period of 90 days, approximately one month after their implementation. The agreement followed a weekend of trade talks in Switzerland and was accompanied by ...
-
ArticleEssilorLuxottica to increase its lens capacity in France by 40% with new industrial site
French President Emmanuel Macron inaugurated yesterday EssilorLuxottica’s Excellence Rx Laboratory, or Labex according to the group’s terminology, a new industrial facility located in Wissous, in the suburbs of Paris and close to the company’s Innovation & Technology Center in Créteil. EssilorLuxottica stressed that the laboratory, which spreads over 16,000 square ...
-
ArticleItaly’s ANFAO inaugurates ‘Lens of Time’ exhibit
ANFAO, the Italian eyewear association, on May 7 inaugurated the “Lens of Time – The History of Eyewear in Italy” exhibit in Palazzo Flangini in Venice. The exhibit recounts the history of Italian eyewear, stretching over seven centuries from its Medieval origins in Venice to contemporary design. Lorraine Berton, ANFAO ...
-
ArticleMarcolin aims for greater supply chain control, reports positive Q1 results
Quarterly sales were up by 1.3 percent year-on-year on a scope and currency comparable basis, with EMEA as the main driver. In its latest annual report, the group provided more details on its FY 2024 performance as well as on its commercial and industrial organization.
-
ArticleWarby Parker cuts growth expectations as it raises prices, shuffles production to offset tariff blow
Warby Parker cut its outlook for sales growth in 2025 and announced plans to selectively raise prices and shift more production out of China to help offset the negative impact of US import tariffs. The US direct-to-consumer (DTC) company now expects sales to grow by 13-15 percent in 2025, a ...
-
News briefs
Topcon Healthcare recruits former Heidelberg Engineering manager to steer its digital innovation strategy in Europe
Topcon Healthcare has appointed Krysten Williams as Head of Digital Health Solutions & Clinical Development EMEA. Practically, Williams will lead the expansion of the company’s digital innovations across Europe in support of Healthcare from the Eye, the Japanese-based group’s AI-powered online platform for the detection and management of ocular and ...
-
News briefs
Specsavers partners with Elton John on eyewear collection
Specsavers launched earlier this week an exclusive collection of Elton John Eyewear, in partnership with the British pop music star. The collection includes 12 optical frames and two limited-edition sunglasses inspired by Elton John songs or career moments. The frames are available at Specsavers stores and online shop in the ...
-
ArticleMister Spex finds first positive signs of turnaround program in Q1 margins while revenue drops 13%
Quarterly revenue in Germany, the group’s core market, was down by 5 percent overall but up by 13 in the brick-and-mortar network. Another positive sign was the 26 percent jump in average value of prescription glasses sold offline.
-
News briefs
Pro Optik has a new CEO
German retail chain Pro Optik has appointed Dietmar Mauschitz as its new CEO, replacing Micha Siebenhandel who has left the company after fiver years at its helm. Earlier in his career, Mauschitz has worked in the optical retail sector in Germany, Denmark, the Netherlands and Belgium, most notably at Eye ...
-
ArticleNational Vision raises guidance, says well-positioned to mitigate tariff impact
National Vision Holdings raised its full-year financial guidance after posting better-than-expected results in the first quarter of 2025 as steps to expand its exposure to existing higher value customers bear fruit and management believes the company is well-positioned to offset the negative impact of tariffs. National Vision now expects to ...
-
News briefs
Carl Zeiss Meditec appoints new CEO from within
Following the stepping down of Dr. Markus Weber, its President and CEO, and a mutual agreement “on the best of terms” to end his mandates at the end of this month, Carl Zeiss Meditec has announced that Maximilian Foerst, currently Head of ZEISS Greater China, will take over both roles. ...
-
ArticleSafilo returns to growth in Q1, details supply chain adjustments
Sales increased at a low-single digit pace in Q1 in both North America and Europe. Gross profit and adjusted EBITDA margins also inched up. During the results presentation, the company’s management detailed its US tariff mitigation strategy.
-
News briefs
Kits Eyecare posts record revenue and adjusted margin in Q1
Kits Eyecare Q1 amounted to a record 46.6 million Canadian dollars (€29.7m), up by 34.0 percent year-on-year, the Canadian-based e-commerce company has announced. The number of two-year active customers grew by 8.7 percent versus Q1 2024 to 946,000. Price-mix effects significantly contributed to the fast topline growth as the average ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
