All Eyewear Intelligence articles in Volume 26 No. 9+10 – Page 3
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ArticleUS tariffs turnaround brings the sector some relief but raises questions on spillover effects, 'de-risking' policies
Combined US Import duties on China-origin optical products now range between 152.5 percent and 178 percent, while most other countries’ reciprocal rates have been lowered to the 10 percent baseline rate for 90 days.
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News briefsSpain likely to add eyecare to national health system
Spaniards have come closer to having a right, as El Diario phrases it, to glasses and contact lenses. As Moda en Gafas is also reporting, the lower house of Spain’s legislature, the Congress of Deputies, has voted unanimously in favor of a bill put forth by José Ignacio Garcia (of ...
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ArticleUK parents confused over children’s eye care, survey says
According to a survey by the British online parenting platform Mumsnet, parents worry more about children’s teeth than their eyes, the dental check-up outranking the eye test by about ten percentage points. These exams, Mumsnet specifies, are “very important” for 89 and 79 percent of parents, respectively. Moreover, 9 percent ...
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News briefs
Divel Italia opens Iberian branch
DIVEL ITALIA has announced the opening of DIVEL IBERIA, a commercial and distribution branch for the Iberian market located in Murcia, Spain. The lens manufacturer now operates production facilities in Italy, Albania, Romania, Morocco and Cina and four commercial branches in France, Ukrain, Egypt and Spain.
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ArticleEuropean market softness weighs on Inspecs FY2024 results
Slightly correcting preliminary results communicated at the end of January, INSPECS Group has announced that its revenue amounted to £198.3 million (€228.8m) in fiscal 2024, down by 2.5 percent year over year. In constant currencies, the group’s topline was flat versus FY 2023. As shown in our table below, sales ...
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ArticleUS administration focus on transshipments calls for higher vigilance on goods’ country of origin
As transshipments have become an increasing focal point of the US trade policy, we have asked The Vision Council experts questions on the notion of ”substantial transformation” of products, which is the basis of the determination of their country of origin under US law, and on possible issues related to “Made in country X” markings.
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News briefs
Rodenstock Italia appoints country manager from within
Rodenstock Italia has promoted Paolo Schieppati to the position of Country Sales Manager. Schieppati joined the company in 2022 and has served as Head of Key Accounts and Business Development manager. He is replaced by Lorenzo Perugini as Head of Key Accounts.
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News briefs
Titan eye care retail business up 5% in 2024
Titan Company, an Indian retail group operating over 2,000 stores across different sectors, has reported revenues of Rs724 crore (€75m) for its eyecare division in fiscal 2024, up by 5.1 percent from the previous year. The Ebit margin was down by 2.5 percentage points to 11.7 percent. International brand sales ...
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ArticleAiming for critical mass, Groupe Héron plans to almost double sales by 2030
Groupe Héron, the French-based retail group operating in the optical and audition markets, is aiming to almost double its business by 2030 to achieve critical mass, Bernhard Nuesser, Group CEO and Partner, has told us in an interview. Based on an organic compound annual growth rate (CAGR) of 8 percent ...
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ArticleHow will US consumers react to higher eyewear price tags?
The announcement by US President Donald Trump of wide-ranging and higher-than-expected “reciprocal tariffs” last week has left the global economy reeling, particularly in Asia where post-COVID supply chain reroutings aimed at “derisking” China became much less relevant overnight. While the situation might evolve quickly, depending on how target countries choose ...
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News briefs
Former Lenskart franchisees challenge the group’s strategy in court
Former Lenskart Indian franchisees are accusing the company of unfair trade practices and asking for the reopening of their case at the Karnataka high court, in Southwest India, according to The Ken, an Indian business news website. The plaintiffs claim that Lenskart has created unfair competition by switching its business ...
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News briefs
French watchdog finds irregularities at optical shops and hearing aid centers
The Direction Régionale de la Concurrence, de Consommation et de la Répression des Fraudes (DGCCRF) – in other words, the French watchdog for frauds and other infringements to competition and consumption laws – has audited the businesses of 1,300 opticians and hearing aid centers in 2023 and 2024. The agency ...
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News briefs
Eyes + More launches prime time TV campaign in Germany
Nexeye, the Dutch-based optical retail group, is launching a large-scale advertising campaign on leading German TV channels (RTL, Sat.1 and VOX) during prime time for its Eyes + More chain, with a focus on the banner’s “Buy 3, Pay for 2” offering. As previously reported, Nexeye is aiming to add ...
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News briefs
CooperVision cumulated donations to Optometry Giving Sight top $5m
CooperVision has announced that it has raised over $5 million for the Optometry Giving Sight (OGS) World Sight Day Challenge since 2008, making it the largest all-time donor of the charity organization. OGS is funding initiatives around the world – the establishment of optometry schools and vision clinics, the training ...
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News briefs
Krys Group appoints new general manager
KRYS GROUP has announced the appointment of Amaury Dutreil as its new managing director, succeeding Jean-Pierre Champion who is retiring after twelve years at the head of the French optical and audition voluntary group. A seasoned executive with over 30 years of experience in the healthcare and retail sectors, Dutreil ...
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ArticleMain eyewear stocks down 7% and supply chains in doubt on US tariffs shock
So-called “reciprocal tariffs” announced by US President Donald Trump have sent global eyewear stocks down. The particularly high rates slapped on China and Southeast Asian countries challenge supply chain adjustments made in the last 2 years. Questions on how US consumers will respond to higher eyewear prices abound.
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News briefsBlenders founder cedes CEO post
Safilo-controlled Blenders Eyewear has appointed Jack Gray to the post of CEO. Gray is replacing Chase Fisher, the brand’s founder, who has written a self-effacing post on LinkedIn about his departure. As his company grew, Fisher writes: “I found myself buried in operations, managing processes, and putting out fires instead ...
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ArticleA high-end complement to the Ray-Ban Meta?
Meta has a new prototype for smart glasses in the works, according to Bloomberg, which cites “people familiar with the matter.” The code name this time is Hypernova, and the glasses are purported to have a screen, for the display of photographs and apps, and to be controllable with gestures ...
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ArticleKering Eyewear builds up in-house supply chain in Belluno
The eyewear division of Kering is acquiring Visard, a specialist in injected plastic frames, and taking a minority share (for now) in Mistral, an acetate eyewear manufacturer.
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News briefs
Essilux’ number of shareholding employees keeps rising
EssilorLuxottica has announced that its number of shareholding employees rose to 97,000 in 2024 from 83,500 in the previous year following record-breaking investments in the group’s international shareholding plan and the French PPE that respectively raised €190 million and €33 million. The number of employees who joined Valoptec, the association ...
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