National Vision reports improved performance in Q4, reshuffles top management
Sales were up by 3.8 percent in Q4 and in the full year. Adjusted profit ratios are expected to be in line with last revised outlook.
Kits CEO: “We are building an eyewear business for the customer of tomorrow”
On its Investor Day last September, Kits Eyecare concluded its presentation with a bold and somewhat cryptic claim: “Setting our sights on 500 in 5.” This made for an obvious first question when we had to opportunity to sit down with Roger Hardy, co-founder and CEO of the Canadian-based pure ...
Switching to a direct distribution model, Revo announces several appointments in Europe
As part of its switch to a direct distribution strategy worldwide, Revo has announced several appointments of seasoned managers in key European markets.
New report looks at US frames buyers criteria and habits
Focused inSights 2024: Frame Buyers, the latest report by The Vision Council, the US eyewear industry association, focuses on the motivations and choice criteria of US eye care professionals (ECPs) in their procurement of optical frames and sunglasses for their shop. The results are based on an online survey of ...
Sector market capitalization up 20% last year, boosted by Essilux
The total market capitalization of 25 stock-listed eyewear companies rose by 20 percent to €230 billion in 2024, with EssilorLuxottica and the rest of the Top 5 accounting for 90 percent of the growth.
A look at myopia management in Europe with ECOO
While Asia, and China in particular, remains by far the largest myopia management market globally, the category is gaining traction in Europe at all levels: eye care professionals (ECPs), industry suppliers, health authorities and, perhaps to a lesser extent, the general public. In a written interview with Dr Sylwia Kropacz-Sobkowiak, ...
EssilorLuxottica’s M&A program gets an early start into the new year
EssilorLuxottica is acquiring Pulse Audition, a French-based startup specializing in AI-driven hearing-aid technology for smart eyewear.
Familiar faces at the CES Awards for 2025
The Consumer Technology Association (CTA) has announced the winners of its CES Innovation Awards for 2025.
Eyecare industry urges UK govt to allow more private sector involvement in primary health provision
Public eyecare in Britain faces a radical shake up with more use of private sector services under potentially controversial plans by the new Labour government to reform the struggling National Health Service (NHS).
Bliz Eyewear launches rebranding after EssilorLuxottica takeover
A specialist in sports eyewear, ski goggles and helmets, the Swedish brand Bliz Eyewear was acquired by the EssilorLuxottica Group in January 2024, joining the company’s sports portfolio and adding a new entry-level price point. This portfolio also includes the sports eyewear brands Oakley and Costa.
ZEISS Group reports 8% revenue hike but lower margins for fiscal 2023/24
The German group revenue uptick was largely driven by its semiconductor business as all other segments slowed down.
How brick-and-mortar focus and vertical integration are driving JEH profitability
Upgrading its full-year outlook, the Japan-based retail group is now forecasting a 19 percent topline growth and a 31 percent operating margin. We ask JEH’s CFO about the drivers behind the group’s fast growth.
Bausch Health confirms it is exploring Bausch + Lomb sale
Pressed by the Canadian financial watchdog due to the high volatility of its stock price, Bausch Health has officially confirmed that it was actively looking at diversting its eye care subsidiary.
Carl Zeiss Meditec posts revenue and margin declines for fiscal 2023/24
Carl Zeiss Meditec has reported revenue of €2,066.1 million for its 2023/24 fiscal year, down by 1.1 percent in reported terms versus 2022/23. In constant currencies and adjusted from the effects of the acquisition of DORC, a company specializing in retinal surgery, total sales declined by 4.8 percent.
Sun Hing loss widens in H1 despite solid ODM sales
The Hong Kong-based manufacturer stressed that lower selling prices and keen competition weighed on the profitability of its core ODM unit.