All Eyewear Intelligence articles in Volume 26 No. 21+22 – Page 2
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News briefs
TVC advocates against expansion of US tariffs to more optical products
The broad product definition of two ongoing US national security investigations might encompass optical products and lead to more tariffs, The Vision Council signals. We also find they could include smart glasses.
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ArticleHOYA reports fast topline growth but lower margins
HOYA Corporation has reported an 8.4 year-on-year increase to 113.2 billion Japanese yen (€634m) in Health Care revenue for the quarter ended Sept. 30 (Q2). At constant exchange rates, the unit’s revenue, which comprises the group’s eyeglass-lens and contact-lens businesses, was up by 6.3 percent versus Q2 FY2024-25. ...
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ArticleInvestor pressures Inspecs for sum-of-the-parts deal
First Seagull, a Norwegian investor holding a 5.5 percent stake in Inspecs Group, is pressing the UK-based eyewear group to prioritize a sum-of-the-parts divestment of its business in a letter sent to the company’s board on Oct. 24. The move follows the announcement by Inspecs last week that it had ...
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ArticleMarcolin posts strong Q3 ahead of VSP Vision takeover
Ahead of its planned acquisition by VSP Vision, Marcolin reported a 2.1 percent year-on-year hike in FY 2025 nine-month revenue, after a solid sales rebound in Q3, and slight margin improvements. Europe remains the main market and growth driver for the group, and the business in North America and Asia, ...
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ArticleBausch + Lomb Q3 contact lens sales rise by 8%, evaluates potential deal with Cooper
Bausch + Lomb reported contact lens sales of $272 million in the first quarter of 2025, up by a reported eight percent compared to the year earlier and six percent higher at constant currency ratee. Growth was underpinned by the company’s daily disposable silicon hydrogel lenses, which posted 24 percent ...
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News briefs
Alibaba’s AI glasses hitting the market
Alibaba, as Seeking Alpha and ZDNet report, is proceeding to market with its Quark AI Glasses, which we detailed back in July. We now know their price: 4,699 yuan renminbi (€570) per pair, with discounts for Alibaba members. This is in keeping with the glasses’ native use of Alibaba services ...
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News briefs
Revo kicks off UMG partnership with Rolling Stones collection
Revo, the US brand specializing on polarized eyewear, is partnering with Universal Music Group and Bravado, the entertainment group’s merchandising branch, for the creation of exclusive eyewear collections celebrating “artists who shaped culture through music and style.” The series starts with a Rolling Stones sunglasses collection of nine designs, including ...
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ArticleOptiswiss accelerates its international development
Lens manufacturer Optiswiss announced earlier this month the signature of an exclusive franchise partnership agreement with Aynai Optical for the Saudi Arabian market. The company will manufacture and sell Optiswiss lenses, using the Swiss brand’s lens designs in the factory it launched in 2024 and equipped with machines from Schneider ...
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News briefs
ANFAO and other Italian fashion industry associations conclude Brazilian tour
ANFAO, the Italian eyewear industry association, has just concluded a promotional tour of three major cities in Brazil (Belo Horizonte, Sao Paulo and Rio de Janeiro), along with other Italian fashion-related industry associations. The tour was organized by the Italian Trade Agency (ITA) with financial support from the Ministry of ...
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ArticleAspiring smart-glasses producer raises $250m
The start-up known as Sesame, or Sesame AI, has raised $250 million in Series B funding, according to TechCrunch. The round was led by Spark Capital and Sequoia Capital, with undisclosed other investors taking part. Sesame was founded in 2023 but came to public attention this past February, when it ...
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News briefs
New alliance in French retail market gives birth to 3,000-shop purchasing powerhouse
Luz, an optical buying group with 2,200 members, and Atol, a voluntary retail group with 800 members, are joining forces to create Vizio, a common organization for the purchase of optical goods and services. The partnership hopes to reach critical mass in purchasing power, to guarantee the competitiveness of both ...
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News briefs
Laclarée appoints new CEO ahead of product launch
Laclarée, the French-based company developing autofocal glasses, has hired Franck Leclere at its new CEO. Leclere joins the company from Morellato Group, an Italian watch and jewelry company where he has served as Managing Director for France and Benelux since 2022. Earlier in his career, the executive held senior management ...
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News briefs
Lenskart IPO kicks off on Oct. 31
Indian-based optical retail group Lenskart’s Initial Public Offering (IPO) is scheduled to take place from Oct. 31 to Nov.4 with institutional investors getting a head start on Oct. 30. The group has set a price range of between 382 and 402 rupees (€3.7-€3.9) per share corresponding to a maximum fundraising ...
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News briefs
EssilorLuxottica’s main investor Delfin sees profits double in 2024
Delfin, the investment company of Italy’s Del Vecchio family, and the largest shareholder in EssilorLuxottica, reported profits of €1.39 billion in 2024, up by 105 percent compared to the year earlier, according to Italian media reports. The increase came as Delfin’s dividends from its 32.2 percent stake in EssilorLuxottica, 28 ...
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ArticlePrivate equity firms look at Inspecs takeover, Safilo too but only for some assets
Inspecs Group confirmed yesterday press reports about two separate unsolicited proposals from private equity firms, “each setting out non-binding possible cash offers alongside the possibility of an alternative offer including unlisted securities to acquire the entire issued and to be issued share capital of Inspecs.” Inspecs stock price takes off ...
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ArticleKering reports progress in Q3, stresses eyewear is a core asset after beauty unit sale
French luxury group Kering’s eyewear division rebounded nicely in Q3 as sales grew mid-single digits. Addressing speculations that Kering Eyewear might be divested too, following the sale of the beauty business to L’Oréal, Kering management stressed that the unit is a “core” asset in the group’s strategy.
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News briefsMore smart-CL prototypes from Xpanceo
Xpanceo introduced six prototype smart contact lenses at the latest edition of Gitex Global, held in Dubai on Oct. 13-17. They were: Interactive Smart Contact Lens for AR Vision Holographic Smart Contact Lens for AR Vision with Helmet Companion Compact Companion for Smart Contact Lens Smart Contact Lens with ...
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News briefs
Advanced AMD patients recover sight in clinical trial
People suffering from advanced dry age-related macular degeneration (AMD), and considered legally blind, could read again thanks to a subretinal photovoltaic implant combined with a pair of augmented reality (AR) glasses, a study published earlier this week in the New England Journal of Medicine revealed. The clinical trial involved a ...
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ArticleTopcon launches global oculomics platform, bolsters Harmony in Europe
Hardly a week goes by without Topcon Healthcare, a US subsidiary of Japan-based Topcon Corporation, announcing a new acquisition or initiative in the domain of oculomics, i.e. “the blending of big data, artificial intelligence (AI), and ocular imaging to identify retinal biomarkers of systemic disease” by the definition of ...
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News briefs
Topcon acquires Toku
Topcon Healthcare is adding one more brick to its Healthcare from the Eye program with the acquisition of Toku, a San Diego-based AI health-tech company that originated in New Zealand. Topcon, along with US retail group National Vision, already led an $8 million Series A investment round in Toku in ...
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