All Eyewear Intelligence articles in Volume 26 No. 1+2
View all stories from this issue.
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News briefs
Change at the helm of HOYA Vision Care
HOYA Corporation has announced the appointment of John Goltermann Lassen as the new CEO of HOYA Vision Care, effective Jan. 1, 2025. Lassen joined HOYA in 2014 as CEO of HOYA Surgical Optics, the group’s intraocular lens divsion, after over two decades in the healthcare industry with senior management roles ...
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ArticleEssilorLuxottica’s M&A program gets an early start into the new year
EssilorLuxottica is acquiring Pulse Audition, a French-based startup specializing in AI-driven hearing-aid technology for smart eyewear.
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PDF NewsletterEyewear Intelligence: Vol 26 - No 1+2
ZEISS Group reports 8% revenue hike but lower margins for fiscal 2023/24 | Carl Zeiss Meditec posts revenue and margin declines for fiscal 2023/24 | HOYA acquires Deutsche Augenoptik | EssilorLuxottica’s M&A program gets an early start into the new year | CooperVision forecasts further market share gains in FY 2025 | Bausch Health confirms it is exploring Bausch + Lomb sale | The Americas and Europe keep driving TOG’s sales growth | Eyecare industry urges UK gov’t to allow more private sector involvement in primary health provision | The Baltic eyewear market rebounds, but long-term outlook is vague | Familiar faces at the CES Awards for 2025 | Bliz Eyewear launches rebranding after EssilorLuxottica takeover | How brick-and-mortar focus and vertical integration are driving JEH profitability | ‘We try to be responsible’ | iVision Tech launches smart glasses for visually impaired | Sun Hing loss widens in H1 despite solid ODM sales
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News briefs
Bollé partners with Seaport-ODLM for optical distribution in some European countries
Bollé Brands has announced that Seaport-ODLM would take over the distribution in the optical channel of its sunglasses and prescription frames collections – Bollé, Serengeti and Spy + – in several key European markets: Germany, Italy, Austria, France, Spain and Portugal. Bollé said that the strategic shift is meant to ...
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News briefs
Topcon Healthcare picks former Microsoft strategist to run its Healthcare for the Eye program
Topcon Healthcare, the US subsidiary of Japanese-based Topcon Corporation, has announced the appointment of Jacques Gilbert as Chief Strategy and Business Development Officer. In this position, Gilbert will lead the development and execution of the company’s strategy, focusing on its Healthcare from the Eye initiative. Making use of retinal imaging, ...
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News briefs
Inspecs founder to step down from chairman role
Inspecs Group has announced that Robin Totterman, founder of the company, will step down as Executive Chairman of the company’s board after its annual general meeting in 2025. The board will start to search for a new non-executive and independent director to assume the role of chairman after Totterman steps ...
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ArticleFamiliar faces at the CES Awards for 2025
The Consumer Technology Association (CTA) has announced the winners of its CES Innovation Awards for 2025. Submissions were up 13 percent this time around – to 3,400 – and the number of AI-related submission was up by almost 50 percent. Below are the winners most relevant to the eyewear industry. ...
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News briefs
EssilorLuxottica and Prada renew multi-brand eyewear license
EssilorLuxottica and Prada Group have announced the extension of their eyewear licensing agreement until Dec. 31, 2030, with the provision for renewal until the end of 2035. The current license was expiring at the end of next year. The partnership includes the design, production and worldwide distribution of eyewear under ...
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News briefs
Afflelou network sales up 6% in Q1
The Afflelou group has reported a 5.8 percent year-on-year increase in network sales to €229.7 million for the first quarter of its 2025 fiscal year, slightly accelerating from the previous quarter (+5.1 percent). Sales were up by 5.0 percent to €171.7 million in France, by 6.4 percent in Spain and ...
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ArticleEyecare industry urges UK govt to allow more private sector involvement in primary health provision
Public eyecare in Britain faces a radical shake up with more use of private sector services under potentially controversial plans by the new Labour government to reform the struggling National Health Service (NHS). Industry representatives have put forward proposals in response to Health Secretary Wes Streeting’s call to clinicians across ...
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ArticleBliz Eyewear launches rebranding after EssilorLuxottica takeover
A specialist in sports eyewear, ski goggles and helmets, the Swedish brand Bliz Eyewear was acquired by the EssilorLuxottica Group in January 2024, joining the company’s sports portfolio and adding a new entry-level price point. This portfolio also includes the sports eyewear brands Oakley and Costa. But Bliz has actually ...
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ArticleZEISS Group reports 8% revenue hike but lower margins for fiscal 2023/24
The German group revenue uptick was largely driven by its semiconductor business as all other segments slowed down.
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News briefs
EssilorLuxottica announces new acquisition in the med-tech sector
EssilorLuxottica continues to expand in the med-tech sector with the acquisition of Espansione Group, an Italian-based company developing non-invasive medical devices for the diagnosis and treatment of dry-eye, ocular surface and retinal diseases. Espansione Group’s proprietary technologies include Light Modulation Low-level Light Therapy (LLLT) photobiomodulation (PBM) and Intense Pulsed Light ...
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ArticleHow brick-and-mortar focus and vertical integration are driving JEH profitability
Upgrading its full-year outlook, the Japan-based retail group is now forecasting a 19 percent topline growth and a 31 percent operating margin. We ask JEH’s CFO about the drivers behind the group’s fast growth.
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News briefs
EssilorLuxottica receives SBTi validation of GHG emission reduction targets
EssilorLuxottica has announced that its near-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Base Targets Initiative (SBTI), an internal association that, by its own definition, enables companies and financial institutions worldwide to play their part in combating the climate crisis. EssilorLuxottica’s sustainability targets include ...
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ArticleBausch Health confirms it is exploring Bausch + Lomb sale
Pressed by the Canadian financial watchdog due to the high volatility of its stock price, Bausch Health has officially confirmed that it was actively looking at diversting its eye care subsidiary.
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News briefs
UK optical retail market still below pre-COVID level, GfK finds
According to a GfK market report commissioned by the UK’s Optical Suppliers Association (OSA), the number of optical frames sold by optical retailers in the country is on track to reach 12 million units this year, with an average retail price of £78 (€95). “They have never recovered to pre-Covid ...
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News briefs
Lenskart to invest over $150m in new factory in Southern India
Lenskart has signed a momerandum of understanding with the state of Telangana in southern India, for the building of the “world’s largest eyewear manufacturing facility,” the region’s IT, industries and commerce minister announced in a message on X. The region’s official said that the Indian-based retail group would invest 1,500 ...
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ArticleCarl Zeiss Meditec posts revenue and margin declines for fiscal 2023/24
Carl Zeiss Meditec has reported revenue of €2,066.1 million for its 2023/24 fiscal year, down by 1.1 percent in reported terms versus 2022/23. In constant currencies and adjusted from the effects of the acquisition of DORC, a company specializing in retinal surgery, total sales declined by 4.8 percent. Sales from ...
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News briefs
Private equity funds reportedly eye Topcon acquisition
Private equity investors, including KKR and EQT, are in negotiations to acquire Topcon, the Japanese eyecare equipment maker, Bloomberg reported yesterday. Japan Investment Corp., the government-backed fund is also reportedly planning to submit an offer for the company by the end of this year. Topcon has been under pressure from ...
