All Eyewear Intelligence articles in Volume 26 No. 19+20 – Page 2
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ArticleIXI ramps up autofocus glasses supply chain
IXI, the Finnish-based start-up developing autofocus glasses, has announced two major initiatives meant to accelerate its development and prepare for the commercial launch of its product. As previously reported, the company raised $36 million from private equity firms and Amazon Alexa Fund among others earlier this year. ...
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ArticleItalian H1 eyewear down 4% as Europe, China and others partially offset US collapse
The value of Italian eyewear exports in the first half of 2025 fell by 3.7 percent to €2,779 million, dragged down by the collapse of the US market in the wake of tariffs imposed by US President Donald Trump, data from eyewear trade association ANFAO showed. The contraction in exports ...
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ArticleFielmann details 2030 strategic plan at Capital Markets Day
Following the announcement of the main lines of its 2030 strategic plans in July, Fielmann Group released more details on how it plans to reach the new targets at a Capital Markets Day (CMD) held last week. As we have already reported, the German-based retail group is planning to increase ...
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News briefsMonopolization lawsuit against Essilux dismissed in New York
US Federal Court Judge Mary Kay Vyskocil, of the Southern District of New York, has dismissed without prejudice a consolidated lawsuit against EssilorLuxottica for anticompetitive practices, as we learn from Reuters. The original lawsuits were filed in 2023. One alleged that Essilux had sought to monopolize two markets: premium eyewear ...
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News briefs
EssilorLuxottica gets myopia management head start in the US with Stellest’s FDA approval
Following the recognition of Stellest as a Breakthrough Device by the Food and Drugs Administration (FDA) in 2021, EssilorLuxottica announced yesterday that the US health regulator has now granted market authorization for its myopia management lens. Stellest, which clinical data showed is slowing down myopia progression by 71 percent on ...
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News briefs
Fittingbox launches in-store lens trial tool
Fittingbox, the industry leader in frames virtual try-on own software, is launching Optical Fit Pro, a digital tool aimed at helping in-store customers to select their lenses together under the guidance of the optician. Optical Fit Pro delivers a complete simulation of lens features – from lens thickness and progressive ...
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News briefs
Gentle Monster owner valuation reportedly hits €2bn
According to reports in Pulse and other South Korean business news outlets, IICOMBINED, the Korean group operating the Gentle Monster eyewear brand, has seen its valuation reach 3.3 trillion Korean won (€2bn). The calculation is based on the amount of recent transaction between Chinese private equity firms for a 1.9 ...
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Article1.2m subscribers and 90 new stores among Synsam Group’s midterm targets update
Synsam Group, the leading optical retailer in Northern Europe, announced new mid-term financial and operational targets at a Capital Markets Day (CMD) earlier this week. The first focus point for the group in its presentation was Synsam Lifestyle (SL), its subscription service for eyeglasses. As we previously reported, ...
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News briefs
Mondottica adds two luxury streetwear brands to portfolio
Mondottica Group has signed an eyewear license agreement with Off-White and Palm Angels, two luxury streetwear brands owned by Bluestar Alliance. The eyewear group presented its first collections for both brands at the recent Silmo show from Sept. 26 to 29 in Paris. Off-White’s unisex sunglasses and optical collections respectively ...
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ArticleNPO GoodVision has sold 1 million low-priced glasses to people in need, building up local supply chains along the way
EinDollarBrille (also known as GoodVision), an international eye care association based in Germany, has announced that it has delivered one million pairs of glasses since its creation in 2012 by Martin Aufmuth, a former secondary school teacher of physics and mathematics. The association runs its GoodVision Glasses program in eleven ...
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News briefs
Quanta completes $20m investment in Vuzix
Vuzix, the US-based manufacturer of smart eyewear and waveguides, announced yesterday that it has received the final tranche of Quanta Computer’s $20 million investment after it met the Taiwanese IT group’s production targets. The initial agreement between the two companies was signed one year ago. ”Our additional investment in Vuzix ...
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News briefs
EU and Indonesia sign free trade deal
After nearly a decade of talks, the European Union and Indonesia have signed a free trade agreement that will eliminate tariffs on most goods. The motivation for reaching this trade deal has increased following the introduction of new US import tariffs earlier this year, which disrupted global trade. The European ...
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News briefsOpenAI reportedly developing smart glasses
According to The Information, OpenAI, the company developing Chat GPT, is considering the launch of smart glasses as part of its broader strategy to develop hardware. The news outlet reported last week that OpenAI has signed a manufacturing partnership with Luxshare, an Apple supplier, to build its first consumer hardware ...
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News briefsArmani’s licenses as big and much more profitable than its core fashion business
Filings by Armani to Italian authorities show that sales of the group’s cosmetics and eyewear products, licensed to L’Oréal and EssilorLuxottica respectively, amounted to approximately €2 billion last year, almost as much as the luxury fashion company’s total revenue, reported at €2.3 billion in an article by Reuters last week. ...
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News briefs
SightGlass Vision launches DOT lenses in the UK
SightGlass Vision, the joint venture between CooperVision and EssilorLuxottica, has announced the launch in the UK of its DOT myopia control lenses. The company says that it will be hosting an introductory webinar on Oct. 15 for eye care professionals in the country. DOT lenses are already distributed in China, ...
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News briefs
SCAD launches eyewear design minor degree program
The Savannah College of Art and Design (SCAD), Georgia, has announced the creation of a new fashion eyewear design minor degree program for the 2025-26 academic year, expanding on its eyewear design course in the previous year of which Marchon Eyewear was a partner. The school stressed that its eyewear ...
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News briefs
PPG Optical launches non-methanol version of its HI-GARD coating
PPG Optical has announced the launch of a non-methanol version of its HI-GARD hard coating for 1.5 standard ophthalmic lenses, due to the toxicity of methanol. The company says that the new product offers the same scratch-resistant protection for plastic lens materials as existing HI-Gard solutions and that it is ...
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News briefs
BRETT Eyewear appoints global brand and business director
BRETT Eyewear has announced the appointment of Louis Cisti, a former executive at Bollé, Cébé, Spy and Serengeti, as its Global Brand and Business Director to accelerate its international expansion. Founded six years ago by Jean-François Boiteux, also director of Special Eyes, an OEM eyewear company with offices in France ...
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ArticleMeta introduces three products, hints at return to another
The first words of Meta CEO Mark Zuckerberg’s speech at Meta Connect 2025, held on Sept. 17-18, were “AI glasses and virtual reality.” Zuckerberg presented so holistic a view of this business line that he tied in a concept the company has been shying away from more or less since ...
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News briefs
Mister Spex adds HOYA to its lens portfolio
Mister Spex has announced the expansion of its lens portfolio through a partnership with HOYA on a premium lenses range, including single-vision, progressive and office lenses. The products are now available at the retailer’s 65 stores in Germany and online for its German, Swiss and Austrian customers. As part of ...
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