All Eyewear Intelligence articles in Volume 27 No. 6 – Page 2
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ArticleMitsui Chemicals’ Life & Healthcare unit holds steady as group revenue plunges in FY2025/26
Mitsui Chemicals has reported a 2.9 percent year‑on‑year increase in revenue to 259 billion Japanese yen (€1.4bn) for its Life & Healthcare Solutions division in fiscal 2025/2026. The full‑year topline reflects an acceleration in the fourth quarter, as nine‑month sales were up 1.3 percent, though the result falls short of ...
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News briefs
Ocuco makes key board appointment to support US expansion
Ocuco has announced the appointment of Dr. Scott Jens, a Fellow of the American Academy of Optometry, to its board. Dr. Jens is currently CEO of Sandbox Spaces, an advisory firm serving eyecare businesses and software companies, and chief medical officer at Deya, a supplier of asynchronous tele-eyecare services. Earlier ...
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ArticleMenicon sees dailies capacity gains set to accelerate sales and lift margins
Menicon’s Vision Care unit annual revenue rose 3.7 percent year on year to ¥125.6 billion (€680m) in the fiscal year ended, following a slight acceleration in Q4. At constant exchange rates, sales were up 2.9 percent. The momentum continued to be driven by the growing share of daily contact lenses ...
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ArticleNational Vision sees ‘flat to modest’ Q2 growth as maintains full-year outlook
National Vision said it expects to see “flat to modest” growth in the second quarter of its fiscal year amid temporary bumps associated with the launch of a new website for its America’s Best banner. The company has maintained its full-year sales and earnings guidance as comparable sales growth is ...
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News briefs
Vuzix builds capacity amid lower sales, increased defense focus
Vuzix revenue fell 12.0 percent year on year in Q1 to $1.4 million, mainly due to lower sales of its M400 smart glasses. Net losses declined to $7.0 million from $8.6 million in Q1 2025, as higher R&D expenses were more than offset by a sharp reduction in SG&A. At ...
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ArticleMaterialise transfers eyewear unit to management
Materialise has announced that it has agreed to transfer its eyewear business to the unit’s management team, as disclosed last week during its Q1 2026 financial results. The division will continue to operate as a stand‑alone entity, with Patrick Swinnen, currently Business Line Director, at the helm. The transaction, for ...
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ArticleFrance unclear on, wary of smart glasses, survey shows
At least in France, smart glasses are misunderstood, feared and associated with a single model. So says a recent survey, Les Français et les lunettes connectées (in French), published by France’s National Commission on IT and Liberties (CNIL). Conducted online by consumer-research firm Toluna Harris, the survey polled 2,128 French ...
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News briefs
Magrabi Retail Group signs third M&A deal in as many years
Magrabi Retail Group has announced its third M&A transaction in as many years: the planned acquisition of a 51 percent stake in Baraka Optics Group, a premium optical retailer operating 23 stores in Egypt under the Baraka Optics, C&Co., and People banners. This move follows the acquisitions of Rivoli Group ...
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News briefs
US-based VTO company changes hands
Veero AI, the US tech company operating the AI-powered Eyesize virtual eyewear try-on platform, has been acquired by Shirah Technologies, a newly formed SaaS and AI services company focusing on e-commerce and direct-to-consumer brands. Described as “the industry leader in AI and computer-vision technology for vision eyewear,” Veero AI currently ...
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ArticleGoogle offers a first glimpse of 'intelligent eyewear,' leaving plenty of questions unanswered
Google and Samsung revealed only a little about their upcoming smart glasses, or rather “intelligent eyewear” per their own terminology, at yesterday’s Google I/O keynote presentation in Mountain View, California, as the focus was on agentic AI and Gemini upgrades across Google’s platforms. Shahram Izadi, Vice President and General Manager ...
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ArticleLenskart to double down on AI after strong performance in FY2026
Lenskart ended its first fiscal year as a public company with Q4 revenue from operations up 40.6 percent year on year to 25,157 million Indian rupees (€224.1 million), accelerating from the previous quarter (+37.4 percent), both in India and abroad. For the full year (ended March 31), total revenue was ...
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ArticleKorean startup raises $18m for alternative AR display optics
LetinAR, a South Korea-based smart eyewear startup, has raised $18.5 million in a new funding round led by Korea Development Bank, a state-owned development bank, according to reports from TechCrunch and other tech news outlets. Lotte Ventures, the corporate venture capital arm of South Korea’s conglomerate Lotte Group, also participated ...
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ArticleIntermestic Q1 boosted by Megane Super consolidation, margins contract as expected
Intermestic, the parent company of Japanese retailer Zoff, reported last week its first quarterly results including the integration of Megane Super, the multi-brand optical retailer it acquired in September last year. As expected, the new perimeter drove a strong topline increase but weighed on profitability. Total group revenue rose 80.7 ...
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News briefs
Belgian eyewear consultation software start-up raises €1.4 million
Brussels-based start-up Ditar has announced the closing of a €1.4 million seed financing round led by ScaleFund, with participation from other Belgian investors. The company said the funding will accelerate its international expansion, particularly in the US market. Ditar is best known for Optisuite, a tablet-based software used during in-store ...
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News briefs
The ABDO announces leadership changes
The Association of British Dispensing Opticians (ABDO) has appointed Brenda Rennie at its new President, succeeding Kevin Gutsell. After having worked as a van driver at the start of her professional life, Rennie changed career and became a qualified dispensing optician in 2001 through distance learning. She became ABDO’s first ...
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News briefs
Mondottica USA names new sales director
Mondottica USA has appointed Guillaume Pottecher as Chief Commercial Officer, with responsibilities extending to SD Eyes, a New York-based distributor acquired last year. Pottecher joins from Aspex Eyewear, where he served as VP of Sales and Marketing since May 2025. Earlier in his career, he worked for Logo Group, Krewe, ...
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News briefs
Carl Zeiss Meditec appoints new CEO
Carl Zeiss Meditec has appointed Bronwyn Brophy O’Connor as CEO, succeeding Andrea Pecher, President and CEO of Carl Zeiss AG, who has held the role on an interim basis since the departure of Maximilian Foerst in December last year. Her exact start date is not yet konwn, the company said.O’Connor ...
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News briefs
TOG Q1 sales driven by North America
Thai Optical Group (TOG) reported a 2.5 percent year-on-year increase in Q1 revenue to 924 million Thai baht (€24m). Growth was driven by the Americas, where sales rose 22.2 percent, with Canada (+34 percent) and the US (+14 percent) both strong. The region accounted for 41 percent of group revenue ...
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News briefs
TPG Optics & Hearing sales top €10m in first few months of operation
The Platform Group (TPG), a German-based e-commerce software company, reported net revenues of €10.6 million on €12.9 million gross merchandise value for its Optics & Hearing segment in fiscal 2025. The group, which operates across 26 industries, mainly in Europe, entered the eyewear market in H2 last year by acquiring ...
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ArticleGerman optical market returns to near-stagnation
The German optical market returned to near stagnation in 2025 after a temporary improvement in the previous year, according to the most recent data from the Zentralverband der Augenoptiker und Optometristen (ZVA), the country’s association of opticians and optometrists. Near stagnation as volumes keep declining The market’s total value topped ...
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