All articles by Pierre-Marie Bernard – Page 7

  • EssilorLuxottica logo
    Article

    EssilorLuxottica accelerates in Q4 to wrap another record year

    15 February 2024

    After a relative slowdown in the previous quarter, EssilorLuxottica has reported a return to high-single-digit revenue growth for the last quarter of 2023, leading the group to report another record year in terms of revenue, as its topline reached €25,393 million in 2023, up by 3.7 percent in reported terms ...

  • Opal - Roussilhe
    Article

    Backed by new financial partner, Opal-Demetz plans more M&A

    14 February 2024

    We have learned at the recent Mido show in Milan that Opal-Demetz, the French company specializing in children’s eyewear, sports eyewear and low-cost frames known as in France a “deuxième paire” (a second pair of eyeglasses, sold at a nominal fee to customers), opened its capital to private equity at ...

  • Rodenstock
    Article

    Rodenstock upgrades portfolio, fine-tunes group strategy and synergies

    13 February 2024

    After its participation at the opti show in Munich in January, Rodenstock presented its latest innovations at its booth during the Mido show in Milan, from Feb. 3 to 5. The German-based lens maker introduced this year its new LayR coating, which it describes as an extension of its biometric ...

  • EssilorLuxottica logo
    Article

    EssilorLuxottica acquires Japanese retail chain

    13 February 2024

    EssilorLuxottica is about to deploy its full-scale vertical-integration business model in Japan. We have learned that the Italo-French group has acquired the business of Washin Optical, a Japanese mid-size optical retailer founded in 1951, through its Luxottica Japan subsidiary. The information has not been officially announced by the group yet, ...

  • De rigo
    Article

    De Rigo wholesale and retail up double digits in 2023

    6 February 2024

    De Rigo Group has announced solid revenue growth for both its wholesale and its retail operations in 2023, as the company’s consolidated sales reached €506 million, up by 11.8 percent year-on-year on a reported basis. This is the first time that the topline has exceeded €500 million since 2008, when ...

  • HOYA_LOGO_LOCK_UP_BLUE_CMYK
    Article

    Sustained eye care sales growth and IT unit rebound for HOYA in Q3

    1 February 2024

    HOYA CORPORATION has reported another quarter of solid growth in its Life Care business unit, as total revenue went up by 12 percent year-on-year to 133.5 billion Japanese yen (€842m) in reported terms for the quarter ended Dec. 31, 2023. At constant exchange rates, Life Care increased by 6 percent ...

  • Safilo
  • Inspecs
    Article

    Inspecs posts mixed results for 2023, resumes acquisitions strategy

    30 January 2024

    Releasing a trading update for 2023, UK-based Inspecs Group has reported margin improvements on flattish year-on-year sales for last year (£200.3m, €234.9m). On a constant-currency basis, the group’s topline declined by 1.6 percent versus 2022, which the company attributed to softer trading in December. This apparently more than offset the ...

  • Fielmann
    Article

    Fielmann remains committed to Italian market after closures announcement

    25 January 2024

    After reports in the Italian press at the end of last year that Fielmann was preparing to shut down 11 of its 54 stores in the country, the German-based retail group confirmed some closures but remains intent on developing its network in the country. “Fielmann reaffirms commitment to the Italian ...

  • Paris Miki
    Article

    Store network upgrade, digitization and HR key to Paris Miki rebound

    24 January 2024

    Like all well-established Japan retailers across all sectors, Paris Miki is facing an apparently unsolvable equation: finding sustainable growth in a country where the population is forecast to decline by approximately five percent every ten years. While many of these companies are heavily investing to develop their business abroad, particularly ...

  • morrowh02-du-pbl-45_degree
    Article

    Morrow Eyewear kicks off European expansion with Novacel partnership

    22 January 2024

    Morrow Eyewear, the Belgian-based company specializing in autofocal glasses, has announced the signature of a partnership with Novacel Optical for the distribution of its eProgressive Glasses in France and Switzerland. The company said that the agreement would enable over 30 million presbyopes in the two countries with its pioneering technology. ...

  • carlos-muza-hpjSkU2UYSU-unsplash
    Article

    German eyewear industry sales inched up in 2023 as exports slowed down

    16 January 2024

    German eyewear industry association Spectaris has released preliminary data for the sales of its members on both the domestic and export markets at the recent opti trade fair in Munich, based on figures for the January to September 2023 period. As reflected in the table below, the total industry revenue ...

  • nicholascappellowb63zqj5gneunsplash_87677
    Article

    Eyewear stock price up 8% in Q4, sector market capitalization up 10% year-on-year

    11 January 2024

    Along with our usual quarterly update on public eyewear companies’ stock price variations, we are also publishing in the table below the year-on-year changes to provide a longer-term perspective, as well as our annual market capitalization ranking further down on this page. After a negative third quarter, the average stock ...

  • GV
    Article

    “We need to train the eyewear factory workers of the future”

    4 January 2024

    During our previous interview with Giovanni Vitolani in December, the president of Mido also shared some thoughts on the state of affairs in the Italian eyewear district and at ANFAO, the Italian eyewear industry association which he led for six years until December last year. “As anticipated after a solid ...

  • Zeiss
    Article

    ZEISS Consumer Markets unit up 5% in fiscal year, group topline over €10 bn

    21 December 2023

    ZEISS Group has reported record revenue of €10.1 billion for the fiscal year ended Sept. 30, up by 15 percent compared with 2021/22 and over the symbolic €10 bn mark for the first time. As shown in the table below, the group’s growth was largely driven by its semiconductor business ...

  • opti_Kommunikation_hr_3229
    Article

    Opti gets ready for a 2024 rebound

    20 December 2023

    The numerous changes and initiatives implemented after a difficult edition of the show earlier this year, including a roundtable with stakeholders to rethink the concept this summer, seem to have paid off as opti has announced a significant increase in both exhibiting space and exhibitors’ participation for their 2024 edition. ...

  • MIDO005
    Article

    Mido, ANFAO put CSE front and center in 2024

    15 December 2023

    Just a few weeks before the opening of Mido 2024, we sat down with Giovanni Vitaloni, president of the event, to talk about what exhibitors and visitors should expect for this next edition but also more generally about current and future strategic focus areas for the organizers. In the second ...

  • Mitsui Logo
    Article

    Mitsui aims to boost its Life & Healthcare business’ profits by 2030

    13 December 2023

    During its Vision 2030 business strategy presentation held earlier this week, Mitsui Chemicals has announced that it was planning to increase the operating profit of its Life & Healthcare Solutions division from 36 billion Japanese yen (€229 m) in the current fiscal year to ¥65 billion (€413 m) in fiscal ...

  • Cooper
    Article

    CooperVision slowed down by production capacity limitations

    11 December 2023

    CooperCompanies has reported an 11 percent year-on-year revenue increase to $622.9 million for its CooperVision division in the last quarter of its 2023 fiscal year ended Sept. 30. Quarterly sales of contact lenses were up by 9 percent at constant exchange rates and by 11 percent organically compared with Q4 ...

  • optician-helping-child-with-glasses
    Article

    Karün Eyewear to get a Walmart boost

    6 December 2023

    Karün Eyewear, the Chile-based brand of eyewear made from recycled and traceable materials, has signed a nationwide, but non-exclusive, partnership with Walmart for the distribution of its frames in the U.S. retail giant’s Walmart Vision Centers. ”We chose to work with Walmart as our U.S. national retailer to expand access ...