iVisionTech diversifies into auto sector with purchase of 45% stake in Molex Zetronic
OEM eyewear maker is continuing to diversify its activities by investing in the producer of electronic components for the automotive sector. There may also be some synergies in the domain of smart glasses.
Essilux Q3 topline up 2% as EMEA and APAC slow down slightly
EssilorLuxottica Q3 sales were up by 4 percent year-on-year to €6.4 billion with innovations in lenses and smart eyewear contributing significantly.
JINS revenue up double digit in FY 2024, driven by price mix
Japanese retailer posts 13.3 percent revenue hike for fiscal FY 2024 as the topline was boosted by a signicifant increase in average eyeglasses price.
100% Optical trade show changes hands
Media 10, organizer of the 100% Optical trade show in London since 2014, has announced the sale of the event to CloserStill Media, another UK-based event organizer. CloserStill Media runs over 100 business-to-business events in and outside the UK across several sectors including business technologies, transport and infrastructure, and healthcare. ...
Industry stocks inched up in Q3, driven by contact lens companies
The share price of stock-listed eyewear companies increased by 1.5 percent in the three-month period ended Sept. 30, underperforming the MSCI World Index which includes 1,500 companies worldwide across different sectors and grew by 6.7 percent. As usual, however, our quarterly eyewear industry-specific average is calculated on a non-weighted average ...
“The last thing we want to be is a product for geeks,” Morrow Eyewear CEO
Morrow Eyewear just launched the third generation of its liquid crystal multifocal glasses. CEO Frederiek Ysebaert explains the recent upgrades and discusses the startup’s mid-term roadmap in terms of product development and distribution.
Nikon stock value jumps on Essilux 5% stake news
Nikon Corporation stock price increased significantly after official filings revealed that EssilorLuxottica, its long-time partner in ophthalmic lenses, had increased its stake in the company to 5.1 percent.
A look at tele-medicine services, new lenses and measurement tools presented at Silmo 2024
The increasing footprint of tele-medicine in our sector was reflected in the growing number of suppliers showcasing their equipment and services at the Silmo Paris show, whose 2024 edition took place at the end of September. We report in this article on the main players present, mostly French companies:
Italian eyewear industry “strong and resilient” amid market slowdown
Italy’s eyewear industry has seen signs of a slowdown this year, but it is holding up remarkably well. That is clear in Belluno in Italy’s Veneto region, at the heart of the country’s eyewear production district, where factories are operating at full capacity and looking to grow. Lorraine Berton, the ...
Hakim Group maintained strong momentum in 2023
Group revenue jumped by 40 percent in 2023, in line with the previous year’s pace, despite fewer acquisitions.
ZEISS appoints SMT unit director as next CEO
Andrea Pecher, head of ZEISS SMT, the largest and fastest growing unit within the group, will become CEO in April 2025.
Meta advances Ray-Ban Meta, introduces Orion
The company’s Connect conference for 2024 confirms a devotion to computing through eyewear.
Silmo reports slight attendance increase, celebrates Silmo d’Or 30th anniversary
Organizers of SILMO Paris have announced that 32,125 visitors took part in the 2024 edition of the show that took place from Sept. 20 to 23, improving from the 31,337 who came last year and inching up closer to the pre-COVID levels (approximately 35,000). A little over half (52 percent) ...
Italian eyewear exports fall in Q2, sector’s full year showing seen in line with 2023
Exports for the half year inched down by 0.3 percent, dragged down by a double-digit drop in the America region.
New alliance in the Middle East optical retail sector
MAGRABI Retail Group, the leading optical retailer in the Middle East region, has announced that it will take over 89 Rivoli Vision stores across the UAE, Qatar, Oman and Bahrain in what was described as a merger and an historic partnership. The alliance of the two multi-brand retailers will expand ...