All Eyewear Intelligence articles in Volume 26 No.7+8 – Page 2
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ArticleMultiparty closed-loop waste recycling program for luxury eyewear kicks off in Italy
Gruppo MAIP, an Italian-based supplier of thermoplastic materials, has announced that it was joining the ReGenesis Protocol, a multi-party recycling program developed for the high-end fashion manufacturing sector. In partnership with Eastman, Gruppo MAIP will supply fully recycled and traceable acetate to eyewear manufacturers participating in this program, for both ...
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News briefs
Bausch Health announces debt refinancing plans
Bausch Health has announced that it is starting a $4 billion offering of new senior secured notes due 2032 and that it also plans to establish new senior credit facilities for at least $3.8 billion. These initiatives are aimed at refinancing the pharmaceutical group’s $21 billion debt, of which approximately ...
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News briefs
The UK’s OSA broadens the scope of its Green Charter
The Green Charter, a sustainability initiative by the UK Optical Suppliers Association (OSA) in partnership with The College of Optometrists and the Association of British Dispensing Opticians, is expanding the scope of its certifications beyond optical manufacturing businesses to address all optical product and service suppliers, practices and ophthalmology clinics. ...
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News briefs
Jacques Marie Mage accelerates store openings in fashion hotspots
In an interview with WWD, luxury eyewear designer Jacques Marie Mage has revealed that it was planning to open three new JJM Gallery stores in Paris, Tokyo and New York by the end of 2026. The announcement follows the recent openings of two European stores, in Milan and London. In ...
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ArticleAnnual 'smart glasses' market expected to grow to 17m units by 2029, research finds
Units sold jumped by 210 percent year on year to over 2 million in 2024, with Ray-Ban Meta holding a 60 percent market share, according to Counterpoint Research.
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News briefs
Mister Spex announces CEO change
Mister Spex has announced the appointment of Tobias Krauss, currently chairman of the company’s supervisory board, to the position of Chief Executive Officer, effective April 1. Krauss has been a member of Mister Spex’ supervisory board since 2020 and its chairman since July 2024. He has also been serving as ...
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News briefs
Ray-Ban Meta red carpet debut just a start?
In partnership with Coperni, a French ready-to-wear and accessories brand, Meta and EssilorLuxottica launched a limited series of their Ray-Ban Meta smart glasses at the fashion week in Paris a few days ago. A declination of the Wayfarer style, the limited edition glasses feature a transparent black frame, grey mirror ...
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News briefs
EssilorLuxottica appoints new wholesale manager for the DACH region
EssilorLuxottica has appointed Wolfgang Messerschmidt as its new Head of Professional Solutions, its wholesale division, for the DACH region effective April 1. An eyewear industry veteran, Messerschmidt has been working for EssilorLuxottica since 2022, most recently as Vice President for Central Europe.
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News briefs
Multiópticas revenue up 8 percent in 2024
Spanish-based retail group Multiópticas has communicated that its sales grew by 8 percent last year, but it did not provide a value number. The growth was driven by the strong performance in progressive lenses (+25 percent) and hearing aids (+28 percent). The company, whose store network includes approximately 550 locations, ...
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News briefs
SuperVista reports €161m revenue for FY 2024
German-based retail group SuperVista has announced that its revenue amounted to €160.6 million in 2024, exceeding its €149 million forecast, with a 13 percent operating Ebitda margin. The company, however, did not provide year-on-year comparisons. In the first six months of last year, its sales were up by 2.6 percent ...
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ArticleVuzix beefs up capacity and tech in anticipation of expected smart eyewear takeoff
The production ramp-up was mostly financed through Quanta Computer’s investment in the company. Meanwhile, net losses for the year rose to $73 million, raising the company’s accumulated deficit to $367 million.
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ArticleJEH forecasts 68% revenue growth by 2030 after strong FY 2025
FY 2024/25 revenue was up by 23 percent to ¥16.6 billion (€103.4m) while operating margin rose sharply, reaching 32.0 percent.
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News briefsTopcon to distribute new, wearable glaucoma tester
Topcon Healthcare will be handling worldwide distribution for the new vision-testing platform for glaucoma from RadiusXR. Called Inspire, the platform purports to be, as RadiusXR puts it, “the lightest virtual reality perimeter headset on the market” (at six ounces) and, as Topcon puts it, “the only commercially available wearable vision ...
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News briefs
Eyewear purchasing cycles much slower in Canada than in the US, survey finds
The Vision Council has turned to Canada for its latest Consumer Insights report, whose findings are based on a survey of 3,052 individuals in the country in the second half of 2024. Among the interesting results shared by the US eyewear industry association, we learn that 52 percent of Canadians ...
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News briefs
11,000 professionals attended London’s 100% Optical fair
Organizers of 100% Optical have announced that 250 exhibitors and 11,000 visitors took part in the 2024 edition of the event that took place from March 1 to 3 at the Excel Centre in London. While the number of visitors seems to have declined slightly from the previous year, the ...
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ArticleVisottica forges close-knit relations with customers and expands into new industries
Rinaldo Montalban, Chairman, discusses the consolidation of the group’s production activities in Italy, its plans for a new factory in Thailand, its sustainability initiatives and the increasing personalization of eyewear components, among other topics.
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ArticleSafilo confirms FY 2024 results, provides more details on segment and regional performance
The Italian eyewear group revenue slipped slightly below the €1 billion mark in 2024, dragged down by its American business and the sunglasses and sport segments. Margins improved, however, thanks notably to a leaner industrial structure.
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News briefs
Safilo renews Special Olympics partnership
Safilo Group and Special Olympics, an association promoting the acceptance of people with intellectual disabilities through sport, have extended their already 22-year long partnership until 2027. The eyewear company is supplying prescription frames and sunglasses to Special Olympics athletes through the Special Olympics Lions Club International Foundation Opening Eyes program.
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News briefs
Six CooperVision sites receive 'Zero Waste' certification
CooperVision has announced that six of its global manufacturing and distribution facilities – in Juana Diaz, Puerto Rico; Alajuela, Costa Rica; Delta Park and Mount Park in the UK; and Scottsville and West Henrietta, N.Y., US – have earned Zero Waste Facility Program Certification from SGS Global Services, a Swiss-based ...
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News briefs
Synsam Group partners with Swedish business school
Synsam Group has signed a partnership with the Stockholm School of Economics, becoming a Retail Club Partner of the school’s Center for Retailing which focused on research and education. Through the program, the leading Nordic optical retail group said that it will provide SSE students with insights on its ongoing ...
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