All Eyewear Intelligence articles in Volume 23 No. 11+12
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Eyewear Intelligence: Vol 23 - No 11+12
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
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News briefs
Optical shops struggling to recruit
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 ...
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News briefs
Lunor wins two German Brand Awards
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, ...
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Article
Kering Eyewear sets €2bn annual revenue target
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 ...
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News briefs
Kubota Glass gets FDA registration
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 ...
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Article
Lenskart starts a $100 m fund for DTC eyewear brands
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
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, ...
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Article
Sales and profits’ rebound at Topcon eye care unit
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 ...
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News briefs
ZEISS sets up volunteer STEM program
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 ...
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News briefs
HOYA acquires ophthalmology centers in France
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 ...
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News briefs
The Vision Council has a new director of shows
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 ...
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Article
Topology rolls out its technology outside North America
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 ...
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News briefs
Innovative Eyewear updates plans for IPO
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 ...
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Article
CooperVision up 11% in Q2, to exit CL solutions’ segment
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 ...
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News briefs
Biography of Leonardo Del Vecchio published in Italy
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 ...
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Article
Luna launches refraction exam app
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, ...
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News briefs
Zeiss revamps executive board
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 ...
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News briefs
CooperVision acquires EnsEyes
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 ...
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News briefs
Rodenstock adds two members to new executive team
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
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 ...