Topcon seeks to move from a hardware-based to a solutions-based business after ownership change
US-based private equity firm KKR will be acquiring a majority stake in Topcon Corporation as part of a planned management buyout (MBO), both companies have announced. The tender buyout offer, which is scheduled for the end of July this year, values the Japanese equipment maker at 348 billion yen (€2.2bn).
Marcolin improves margins on slightly declining sales
Announcing preliminary results ahead of its general assembly scheduled for April 7, Marcolin has reported that its total sales declined by 2.2 percent year on year to €545.8 million. At constant exchange rates, revenue was down by 1.8 percent, but it was up by 2.1 percent on a like-for-like basis ...
Mister Spex expects discount detox and repositioning to start paying off in 2025
Revenue declined by 3 percent in 2024, including a double-digit drop in Germany in Q4. Turning around the business turnaround will take time as the group expects a 5-10 percent sales decline and an improving but still largely negative EBIT margin in FY 2025.
Optometry on the decline in Spain
The country isn’t producing enough professionals, says FEDAO.
With close to 100 new stores in 2024, KRYS GROUP consolidates its market leadership in France
Driven by a record number of new store openings, KRYS GROUP has announced that it consolidated its market leadership in the French optical market last year, lifting its market share to 18.4 percent versus 17.0 percent in 2023. The voluntary group also stressed its sustained development over the last twelve ...
France drove Q2 revenue 3% uptick for Afflelou but Spain grew at a faster pace
Afflelou Group has reported total network sales for the second quarter of its 2025 fiscal year that have increased by 3.3 percent to €238.8 million, indicating a deceleration from the previous quarter (+5.8 percent). For the first six months of the year, total sales were up by 4.5 percent to ...
Sustained growth in the Polish eyewear market partly driven by e-commerce boom
Eyewear retail sales rose by 8 percent year on year to 3.6 billion Polish zloty (€870m) last year and are expected to keep growing significantly in 2025.
Optic 2000 revenue flattish in 2024
Total group revenue was up by 1.1 percent year on year to €1,308 million last year, with sales of flagship banner Optic 2000 inching up by 0.6 percent.
Multiparty closed-loop waste recycling program for luxury eyewear kicks off in Italy
Gruppo MAIP, an Italian-based supplier of thermoplastic materials, has announced that it was joining the ReGenesis Protocol, a multi-party recycling program developed for the high-end fashion manufacturing sector. In partnership with Eastman, Gruppo MAIP will supply fully recycled and traceable acetate to eyewear manufacturers participating in this program, for both ...
Annual 'smart glasses' market expected to grow to 17m units by 2029, research finds
Units sold jumped by 210 percent year on year to over 2 million in 2024, with Ray-Ban Meta holding a 60 percent market share, according to Counterpoint Research.
JEH forecasts 68% revenue growth by 2030 after strong FY 2025
FY 2024/25 revenue was up by 23 percent to ¥16.6 billion (€103.4m) while operating margin rose sharply, reaching 32.0 percent.
Vuzix beefs up capacity and tech in anticipation of expected smart eyewear takeoff
The production ramp-up was mostly financed through Quanta Computer’s investment in the company. Meanwhile, net losses for the year rose to $73 million, raising the company’s accumulated deficit to $367 million.
Visottica forges close-knit relations with customers and expands into new industries
Rinaldo Montalban, Chairman, discusses the consolidation of the group’s production activities in Italy, its plans for a new factory in Thailand, its sustainability initiatives and the increasing personalization of eyewear components, among other topics.
Safilo confirms FY 2024 results, provides more details on segment and regional performance
The Italian eyewear group revenue slipped slightly below the €1 billion mark in 2024, dragged down by its American business and the sunglasses and sport segments. Margins improved, however, thanks notably to a leaner industrial structure.