Leonardo Maria Del Vecchio offers to buy out other shareholders in Essilux’s parent Delfin
Leonardo Maria Del Vecchio announced a proposal to buy out the stakes of other shareholders in the Del Vecchio family holding company Delfin, which controls the eyewear group EssilorLuxottica with a 32.4 percent stake.
Hoya sees stability in Q2 lens business as US sales fall, value-added products grow
Hoya Corporation saw stability in the second quarter of fiscal year 2026 in sales of its Health Care business, which comprises the group’s eyeglass-lens and contact-lens activities, with revenues for the division edging up by 0.7 percent compared to the year earlier to 120.0 billion Japanese yen (€682.1m).
A Czech businessman makes an offer for EssilorLuxottica’s parent company
The Czech businessman Michal Strnad is offering €30 billion to buy Delfin, the holding company of the Del Vecchio family, which owns 32.4 percent of EssilorLuxottica as well as minority stakes in the key Italian insurance and banking groups Generali, UniCredit and Banca Monte dei Paschi di Siena.
CooperCompanies’ CEO steps down amid shareholder pressure
CooperCompanies, the US medical device company which operates through two business units, CooperVision and CooperSurgical, announced that Albert White stepped down from his position as President and Chief Executive Officer, and as a member of the board, on Oct. 27. He will remain employed as a strategic advisor through April ...
Bausch + Lomb’s contact lens sales rise 5% in Q3
Bausch + Lomb generated contact lens revenues of $286 million in the third quarter of 2026, up by a reported 5 percent compared to the year earlier and 6 percent higher at constant currency rates.
EssilorLuxottica has strong, clear CEO succession plan, director says
EssilorLuxottica has a strong and clear succession plan for its Chief Executive Officer and other top management positions, said Andrea Zappia, the chairman of the company board’s nominations and compensation committee.
TPI’s design software becomes a product
We last met with Tech Print Industries (TPI) in Milan, at the Mido trade show of 2024. On that occasion co-founder and Chief Technology Officer Marc Notenboom related what his company could do with some tweaked 3D printers from HP and some proprietary CAD software: namely, produce frames of any ...
MO Global expands in Central America and the Caribbean
The Spanish optical group MO Global Eyewear, which operates with the banners Mó and Multiópticas, expects to expand its presence to Guatemala and the Dominican Republic at the beginning of 2027 thanks to an a agreement with Disresa, which will act as a master franchise in the two countries.
EssilorLuxottica’s credit rating is upgraded by S&P Global
S&P Global Ratings has upgraded EssilorLuxottica’s long-term credit ratings with a stable outlook.
Vive Eagle – HTC pitches privacy in AI at Silmo
Like other companies in our industry, HTC believes that eyewear just might succeed the smartphone as the key to the kingdom of smart computing. According to Thomas Dexmier, HTC’s Associate VP for EMEA of Business Development and Enterprise Solutions, the trick is to ensure that the key is socially acceptable ...
Kering Eyewear’s sales rise 6% in record Q3
Kering Eyewear reported revenues of €373 million in the third quarter of 2026, up by 6 percent compared to the year earlier and its best third quarter ever. On a like-for-like and constant currency basis, revenues were up by 4 percent.
EssilorLuxottica revenues jump 9% but wearables momentum slows
EssilorLuxottica reported higher-than-expected revenues in the third quarter of 2026, with its top line jumping by 9.0 percent to €7,486 million, amid solid growth in its traditional business and slowing but a still strong sales performance for its wearables business.
M Loves Vintage to launch an eyewear line in partnership with Moda Optics
M Loves Vintage Holdings, a subsidiary of the diversified US group TransGlobal Assets, is launching M Loves Optical, a new vintage eyewear line, in partnership with Moda Optics.
Rokid opens a flagship store in Hong Kong
In Oct. 15, Rokid, opened a new flagship store at Harbour City in Tsim Sha Tsui, Hong Kong.
Two smart glasses makers take a frame-first approach
Most smart glasses on the market were designed by technology companies, naturally putting technology first and then looking for an acceptable form factor: frames that look like frames and don’t weigh too heavily on the nose.