All Eyewear Intelligence articles in Volume 26 No. 13+14 – Page 2
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News briefs
Conant invests in Japan production to mitigate US tariffs exposure
Shanghai Conant Optical is planning to invest $54 million in the building of a new automated RX lens production line in Japan through its Asahi-Lite subsidiary, the group said in a statement last month. The new facility will focus on the production and sales of high-end customized lenses and will ...
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News briefs
Kering taps Renault Group leader as new CEO
Luxury group Kering has announced the appointment of Luca de Meo as its new CEO, effective Sept. 15, replacing François-Henri Pinault in this role. De Meo joins the French-based group from Renault Group, where he has been serving as CEO since 2020. The Italian executive has over 30 years of ...
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ArticleAfflelou Group Q3 sales up 5.7%, driven by France
Afflelou Group external sales rose by 5.7 percent year-on-year to €242.4 million in Q3, accelerating from the previous quarter (+3.3 percent), with the group’s French business accounting for approximately three-fourths of additional sales. On a like-for-like basis, total Q3 external sales were up by 3.8 percent versus 2023. For the ...
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News briefsFrench company gets boost from French prez
The French eyewear company Visages, we have learned from VoxelMatters, gave Emmanuel Macron a pair of its 3D printed glasses at the Viva Technology show, held on June 11-14 in Paris, and in exchange received something of an endorsement from the French President, who has called them “surprisingly light” and ...
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News briefs
Vuzix secures Quanta investment second tranche
Vuzix has announced that it has received the $5 million tranche investment from Taiwanese-based tech group Quanta Computer, bringing its total investment to date to $15 million. As reported then, Quanta and Vuzix announced a $20 million partnership in September last year, with an initial $10 million investment and two ...
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News briefs
Mister Spex downgrades revenue forecast
Mister Spex has downgraded its revenue forecast for FY2025 after a “weaker-than-expected” second quarter which the group primarily attributes to increased price pressures, notably online and in the sunglasses segment. The German-based retailer said that it chose not to follow the intensified promotional trend in line with its turnaround plan ...
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News briefs
Marcolin and Gant renew license agreement
Marcolin has announced the early renewal of its eyewear license agreement with fashion brand GANT. The partnership, which includes the design, production and distribution of GANT-branded sunglasses and eyeglasses, has been expanded to 2032. After Adidas and Guess?, it is the third license extension announced by the Italian eyewear maker ...
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ArticleE-commerce software group enters the DACH optical retail market
The Platform Group (TPG), a stock-listed software company based in Düsseldorf, Germany, has announced its entry into the optical and hearing aid market with the acquisition of two local optical retail groups. The investment is the first step in TPG’s long-term strategy to build an omnichannel business in the German-speaking ...
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News briefs
Slower revenue growth, higher margins and new acquisition for JEH Holdings
Japanese-based retail group JEH Holdings has reported sales of 4,191 million yen (€25.1m) for its Q1 period ended April 30, 2025, up by 8.6 percent year on year but significantly down from its growth pace in the previous fiscal year (19.9 percent). Sales to inbound tourists to Japan accounted for ...
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News briefs
Fittingbox gets Amazon-certified
Fittingbox has announced that it has been certified as a “trusted 3D content provider,” after the company successfully completed a training program developed by Pearson Vue for the global e-commerce giant. Practically, this means that companies selling eyewear on Amazon can use Fittingbox’ 3D-rendering technology to enhance their product presentation, ...
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News briefs
CECOP launches geolocation website to boost members’ online visibility
CECOP is launching Ubika Optic, an optician geolocation website, in Spain. The online platform is designed to help end consumers find a CECOP member optician based on their geolocation, thus increasing the group’s retail members’ online visibility. Each CECOP optician has its own entry on www.ubikaoptic.com with the possibility to ...
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ArticleArts Optical reports flattish ODM sales in H2, expects 'very tough' US business in 2025
Eyewear manufacturer Arts Optical has reported a 7.2 percent year-on-year increase in revenue to 1,282 million Hong Kong dollars (€143m) in fiscal 2024, in line with its H1 sales performance. As shown in the table below, sales of the company’s ODM division, which accounts for 68 percent of total revenue, ...
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ArticleSnap to make second entry into consumer market for smart glasses
Snap has a new pair of smart glasses, called Specs, designed for street use and slated for release next year. CEO Evan Spiegel spoke of it, as TechCrunch reports, at the latest edition of the Augmented World Expo (AWE), held on June 10-12 in Long Beach, California. Spiegel neither showed ...
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News briefs
CVC sells its stake in Synsam Group
Synsam Group has announced that Theia Holdings, a subsidiary of CVC Capital Partners, has sold all of its 24,425,957 shares in the company (a 16.5 percent stake, approximately) for SEK 46.0 (€4.2) each or slightly below the stock market price. CVC Capital Partners has been the largest shareholder in the ...
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News briefs
Top 50 US retailers up 4% in 2024, research finds
The top 50 US optical retailers saw their total sales rise by 4.0 percent year-on-year to $21.0 billion in 2024, according to Vision Monday’s annual report which can be read in full here. This marks a deceleration from the previous year when sales increased by 8.0 percent. The ranking is ...
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ArticleGerman optical market up on sales mix and inflation as volumes inch further down
The value of the German optical market grew by 3.0 percent year on year to €6,975 million including VAT in 2024, according to the annual report of the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists. We are covering in this article some selected data ...
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ArticleKering Eyewear acquires Lenti from Safilo
Kering Eyewear is adding another layer to its vertical integration with the acquisition of Lenti, the Italian manufacturer of sunglass lenses that has been part of the Safilo Group since 1996. The companies did not disclose financial details about the agreement. Employing approximately 100 people and located in Bergamo, Italy, ...
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News briefs
French voluntary retail group invests in second-hand eyewear startup
French optical retailer Atol has announced that it has become strategic partner and a shareholder in Zac, a startup specializing on the recycling and retailing of second-hand glasses in the country. The amount of Atol’s investment was not disclosed. The partnership will enable the collection and retail of second-hand glasses ...
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ArticleDEG takes over MENRAD’s house brand and three license deals
Design Eyewear Group is acquiring the MENRAD brand as part of the German eyewear group’s “unfortunate insolvency,” announced at the end of last month. The Danish-based group is also taking over three license agreements that MENRAD had with the Jaguar, JOOP! and Morgan brands. The four brands, for ...
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News briefs
Lenskart prepares for IPO
Indian-based optical retailer Lenskart changed its registered name from Lenskart Solutions Private Limited to Lenskart Solutions Limited on May 30 during a special board meeting. According to several Indian business news outlets, the official name change will allow the company to launch its initial public offering. However, no detailed schedule ...
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