All Eyewear Intelligence articles in Volume 23 No. 23+24
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Article
De Rigo to acquire Rodenstock eyewear division
De Rigo Vision has announced the signature of an agreement to acquire the full ownership of Rodenstock’s eyewear division, a transaction that is scheduled to be completed at the end of second quarter of 2023. The amount of the acquisition was not disclosed. The family-owned Italian group said the investment ...
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Eyewear Intelligence: Vol 23 - No 23+24
Marcolin to invest $250m in TOM FORD perpetual license | De Rigo to acquire Rodenstock eyewear division | Eyewear companies climb in Deloitte luxury players’ ranking | Morel puts focus on direct distribution, brand heritage and CSR | Record revenue but lower margins for Cooper | Synsam keeps double-digit sales’ growth pace but profit ratios decline | Slight profitability decline for Specsavers in 2021/22 as investments resumed | Warby Parker details strategy at Morgan Stanley conference | Optiswiss maintains focus on ECPs, innovation and premium products | German industry association calls for urgent measures to protect SMEs | Spain’s optical manufacturers expect a record spring | Carl Zeiss Meditec ends year with 15 % topline growth and full order book | Covid has highlighed the importance of trade fairs | Consumer sentiment slightly improves in Europe
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News briefs
MiOptico opens flagship in Lisbon
MiOptico, rebranded MeuOptico for Portugal, has opened a first flagship in the heart of Lisbon. The sales floor makes up 150 square meters of the total 600, the rest of which are taken up with a display space under the Precio Net concept, a Premium Exhibition space, a convention hall, ...
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Article
Carl Zeiss Meditec ends year with 15 % topline growth and full order book
Carl Zeiss Meditec has reported annual revenue of €1,903 million for its 2021/22 fiscal year, an increase of 15.5 percent in reported terms and of 13.3 percent at constant exchange rates compared to the previous year. Orders received increased at an even faster pace (27.7 percent in constant currencies) to ...
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News briefs
Euromcontact appoints new secretary general
Euromcontact, the European association of the contact lens and lens care industry, has appointed Laure-Anne Copel as its new secretary general, replacing Pascale Rouhier who left the organization after ten years in that position. Copel held the same secretary general role for the last six years at GIFO, the French ...
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Article
Covid has highlighed the importance of trade fairs
The Covid-19 outbreak demonstrated that digital solutions “on their own” could not replace trade shows canceled due to the pandemic, noted Luca Palermo, the chief executive of Fiera Milano, which manages the Rho exhibition hall as well as exhibition pavilions in Milan and the Allianz MiCo convention center. The Italian ...
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Article
Record revenue but lower margins for Cooper
CooperCompanies has reported mixed results for its last fiscal quarter of the year as well as for the full year. While the group’s revenue continued to grow at a double-digit pace year-on-year reaching record levels in both business units, CooperVision (CVI) and CooperSurgical, profit ratios declined significantly. CVI Q4 revenue ...
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Article
Warby Parker details strategy at Morgan Stanley conference
Warby Parker, represented by its co-founder and co-CEO Dave Gilboa, participated earlier this week in Morgan Stanley Global Consumer & Retail Conference, during which the company detailed some elements of its current business and replied to questions on its future strategy, including on ways to achieve profitability. The U.S. omnichannel ...
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News briefs
Etnia Barcelona partners with Barça
Etnia Barcelona is releasing a capsule in collaboration with FC Barcelona, also known as Barça. The collection’s seven designs fall into two categories. The first, 1899 Gold, is a limited edition (1899 pieces) of oversize frames with a “deconstructed and recreated Barça crest” and a finish in 24 karat gold. ...
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News briefs
EssilorLuxottica adds Swarovski Eyewear to portfolio
Swarovski and EssilorLuxottica have signed an exclusive license agreement for the design, manufacture and global distribution of Swarovski Eyewear. The partnership will be effective until the end of 2028, with a renewal option for an additional five-year term. The first collection will be developped under the leadership of Giovanna Engelbert, ...
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News briefs
Stable eyewear and eyecare demand in the U.S. in Q3, report says
The demand for eyecare and eyewear in the U.S. has remained fairly stable since the start of the year, according to The Vision Council’s Consumer inSights Q3 report, which is based on a survey of over 15,000 adults. The results for the third quarter of the year were largely in ...
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News briefs
Specsavers appoints new head of professional development
Specsavers has appointed Neil Retallic to the position of head of professional development to support the group’s optometrists and audiologists in their professional training throughout their career. Retallic has more than 20 years of experience in the industry during which he held similar roles at Vision Express, CooperVision and most ...
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News briefs
Essilux pledges $11m for education
EssilorLuxottica is pledging $11 million over the next two years towards the study of optometry. One program will disburse $3 million to repay the student loans of recent graduates in optometry who secure employment with one of the company’s retail brands: LensCrafters, Target Optical or Pearle Vision. Another will disburse ...
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Article
Eyewear companies climb in Deloitte luxury players’ ranking
Along with Thélios and Kering Eyewear, the eyewear subsidiaries of LVMH and Kering, three Italian-based eyewear manufacturers have been listed in the 2022 edition Deloitte’s “Global Powers of Luxury Goods”, an annual report ranking the 100 largest luxury companies in the world. Companies were ranked according to their consolidated sales ...
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News briefs
MIDO launches new sustainable awards
International eyewear trade show MIDO is launching Certified Sustainable Eyewear (CSE) Award, a new award category to debut at the next edition of the trade fair from Feb. 6 in Milano, Italy. The new award program is established in partnership with ANFAO, the Italian industry eyewear association, and Certottica, the ...
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Article
Optiswiss maintains focus on ECPs, innovation and premium products
In an interview with Eyewear Intelligence, Samuel Frei, CEO of Optiswiss, sheds light on how the Swiss-based independent lens maker navigates an increasingly consolidated optical market with a strategy based on a focus on premium products, distribution through independent eyecare professionals (ECPs), state-of-the-art production facilities, investment in new technologies and ...
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News briefs
Management reshuffle at Marchon
Marchon Eyewear has promoted Gabriele Bonapersona and Gabriele Cappelli to the positions of chief brand officer and chief product officer respectively, taking over roles previously assumed by Thomas Burkhardt who became the group’s president earlier this year. Bonapersona has over 15 years of experience in the eyewear sector, includling the ...
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News briefs
New CEO and non-executive directors at Inspecs
Inspecs Group has announced the appointment of Richard Speck as its new CEO. A seasoned executive with 35 years of experience in the eyewear industry under his belt, Peck is an optical retail specialist. After a five-year stint at Vision Express, he worked as managing director for David Clulow Opticians ...
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News briefs
Silmo Istanbul announces record attendance for its 2022 edition
Silmo Istanbul organizers have announced that the last edition of the show, which was held from Nov. 17 to 20, attracted a total of 700 exhibiting brands and 11,912 vistors, a record attendance with 14 percent more participants than in 2021. International visitors represented approximately 20 percent of the total, ...
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News briefs
Schneider appoints new manager for its chemical department
SCHNEIDER has appointed François Breton as its chemical department manager. Breton has a PhD in Organic Chemistry, 23 years of experience in the optical industry and is well-known for his expertise with lacquers, the company said. Before joining SCHNEIDER, the French executive founded mulitiple global joint ventures, notably with the ...