All Eyewear Intelligence articles in Volume 23 No. 11+12

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    Eyewear Intelligence: Vol 23 - No 11+12

    14 June 2022

    Kering Eyewear sets €2bn annual revenue target | New HOYA CEO presents group’s roadmap | Consumer markets up by 9% in H1 at ZEISS | Rodenstock acquires Indo | Rodenstock adds M&A to technology in growth mix | ZVA confirms German market rebound, but lack of opticians endures | CooperVision up 11% in Q2, to exit CL solutions’ segment | Bausch + Lomb sees earnings squeezed in Q1, confirms FY sales guidance | Sales and profits’ rebound at Topcon eye care unit | Warby Parker confirms FY outlook after Q1 sales take Omicron hit | Lenskart starts a $100m fund for DTC eyewear brands | Topology rolls out its technology outside North America | Luna launches refraction exam app | Low eyewear-VTO awareness leaves untapped potential, survey says | APAC has become world’s largest online eyewear market, research finds | Child-myopia awareness on the rise in France, survey says | Out Of to accelerate optical distribution

  • News briefs

    Optical shops struggling to recruit

    14 June 2022

    A clear majority, some 89 percent, of U.S. eyecare businesses find staffing to be more difficult after than before Covid, whereas about 11 percent find no change, and 2 percent find it easier. Such are the results of a poll conducted by Vision Monday and Women in Optometry, two American ...

  • News briefs

    Lunor wins two German Brand Awards

    14 June 2022

    Vintage-glasses producer Lunor has won this year’s German Brand Awards in both the fashion and the sustainability categories. It won the same award in branding back in 2018. Founded in 1991, the German manufacturer adheres to a philosophy it calls “slow eyewear” and describes as a devotion to detail, craftsmanship, ...

  • Kering Eyewear
    Article

    Kering Eyewear sets €2bn annual revenue target

    14 June 2022

    As part of its capital markets day last week, French luxury group Kering presented an update on the business of Kering Eyewear, announcing a midterm revenue target of €2 billion per year, compared to €706 million in 2021, and an EBIT margin of over 15 percent. The group also shared ...

  • News briefs

    Kubota Glass gets FDA registration

    13 June 2022

    Kubota Vision, the U.S. subsidiary of Japanese-based Kubota Pharmaceutical Holdings, has announced that it has completed the registration with the Food and Drug Administration of its myopia management glasses. Called Kubota Glass, the device is based on the company’s proprietary technology, which consists in the projection of myopically-defocused virtual images ...

  • Lenskart
    Article

    Lenskart starts a $100 m fund for DTC eyewear brands

    10 June 2022

    Lenskart, the Indian omnichannel retailer and eyewear manufacturer, has created a $100 million fund dedicated to investments in direct-to-consumer (DTC) eyewear brands as the company believes that the market is now “ripe for a tech-enabled global transformation”. Drawing a comparison with other sectors that have been deeply transformed by e-commerce ...

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    Article

    Bausch + Lomb sees earnings squeezed in Q1, confirms FY sales guidance

    10 June 2022

    Bausch + Lomb reported an adjusted Ebitda of $170 million in the first quarter of 2022, down from $198 million the year earlier, as growth in organic revenues was more than offset by foreign currency headwinds and the negative impact from new Covid-19 lockdowns in China. For the full year, ...

  • Article

    Sales and profits’ rebound at Topcon eye care unit

    10 June 2022

    Topcon has reported record-high revenues and profits for 2021 at group level, reaching total sales of 176.4 billion Japanese yen (€1.2 bn), up 28.5 percent year-on-year, and more than doubling its operating income to ¥15.9 billion (€110.5 m). Net sales in the eye care business unit grew at roughly the ...

  • News briefs

    ZEISS sets up volunteer STEM program

    10 June 2022

    For the company’s 175th anniversary, the employees of ZEISS have launched a volunteer program, called “A Heart for Science,” to encourage the young to go into science, technology, engineering and mathematics (STEM). ZEISS has put together a handbook on the initiative, developed guided experiments, and set up a digital platform ...

  • News briefs

    HOYA acquires ophthalmology centers in France

    9 June 2022

    HOYA VISION CARE has acquired Médic’Oeil, a network of ophthalmology practices in France. Founded in 2014, Médic’Oeil currently operates a total of seven centers in different regions where vision care equipment and administrative resources are shared between a number of ophthalmologists. HOYA said the acquisition was aimed at enhancing access ...

  • News briefs

    The Vision Council has a new director of shows

    7 June 2022

    The Vision Council has hired Sara Bonizio to be its director of shows. Bonizio will be reporting to Mitch Barkley, vice president of trade shows and events, and collaborating with RX, co-organizer of Vision Expo East and West. Bonizio spent seven years working for Metro Optics Group, her family’s group ...

  • Topology ecomm
    Article

    Topology rolls out its technology outside North America

    7 June 2022

    At the last edition of the Mido show in Milan, Safilo and Topology, a Californian-based tech company, presented their jointly developed digital platform which was launched in the U.S. and Canada at the end of last year by the American subsidiary of the Italian group. Based on Topology’s technology, the ...

  • News briefs

    Innovative Eyewear updates plans for IPO

    7 June 2022

    Last month Innovative Eyewear of Miami, Florida, filed a new preliminary prospectus with the U.S. Securities and Exchange Commission (SEC) for an eventual IPO on the NASDAQ. No date is yet specified for the public offering, but the offering price will lie between $5.50 and $7.50 per unit. Based on ...

  • CooperVisionlenses
    Article

    CooperVision up 11% in Q2, to exit CL solutions’ segment

    3 June 2022

    CooperCompanies has reported a 6 percent year-on-year revenue increase to $553.8 million for its CooperVision unit in the second quarter of the 2022 fiscal year. On a constant exchange rate and on an organic basis, sales were up by 11 percent and 12 percent, respectively, compared to 2021, decelerating slightly ...

  • News briefs

    Biography of Leonardo Del Vecchio published in Italy

    3 June 2022

    The Milanese publishing house Sperling & Kupfer, a division of the big Italian firm Mondadori, is publishing an unauthorized biography of Leonardo Del Vecchio, born in the 1930s, made ward of the state in 1942, and now chairman of industry giant EssilorLuxottica. Written by Tommaso Ebhardt, Blooomberg News’ Milan bureau ...

  • Luna - 06
    Article

    Luna launches refraction exam app

    3 June 2022

    Luna, the eyewear tech company created by 1-800 Contacts earlier this year, held an online presentation of its new MyRx Refraction Exam app at the end of last month. The exam and relevant smartphone application were developed by the teams of Israeli-based 6over6, one of the businesses integrated in Luna, ...

  • News briefs

    Zeiss revamps executive board

    3 June 2022

    Carl Zeiss is making changes to its management to “accelerate the transformation” of its digital infrastructure. On July 1 it will be adding a seat on its executive board for a chief transformation officer (CTO). To fill both the seat and the position the group has selected Susan-Stefanie Breitkopf, who ...

  • News briefs

    CooperVision acquires EnsEyes

    3 June 2022

    CooperVision has acquired EnsEyes, a brand of orthokeratology (ortho-k) and scleral contact lenses in Scandinavia. Terms remain undisclosed, but EnsEyes will henceforth operate within Cooper’s Specialty EyeCare group. Its founder, the optometrist and former CooperVision executive Esben Nørregaard Sørensen, will be staying with the company. Headquartered in Kolding, Denmark, EnsEyes ...

  • Dr. Dietmar Uttenweiler
    News briefs

    Rodenstock adds two members to new executive team

    2 June 2022

    Rodenstock has appointed Martin Lange as executive vice president of sales & marketing and promoted Dr. Dietmar Uttenweiler to executive vice president of R&D and product management. Both are joining the German lens manufacturer’s new Executive Management Team, whose other members are CEO Anders Hedegaard, CFO Marcus Desimoni and COO ...

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    News briefs

    Capsule collection with video game creator for Jean-François Rey

    2 June 2022

    French eyewear designer Jean-Frannçois Rey and Hideo Kojima have partnered for a new capsule collection inspired by the futuristic universe of the Japanese video game creator, known for its Metal Gear Solid series and the Death Stranding video game. It is the second time that both designers collaborate on eyewear ...