Safilo sustains margin expansion amid weak topline in Q1
Safilo Group revenue fell 4.5 percent year on year to €272.9 million in Q1 FY2026, with most of the decline attributed to the sharp depreciation of the US dollar against the euro. At constant currencies, sales edged up 0.4 percent, exactly in line with Q4 2025.
The Vision Council urges USTR to exclude optical components from new tariffs review
The Vision Council, the national trade association for the U.S. optical industry, has urged the Office of the US Trade Representative (USTR) to exclude eyewear and optical products from any new tariffs resulting from its current Section 301 investigations. The scope of the targeted industries mostly focuses on materials and ...
Retail becomes De Rigo’s anchor in a challenging year
De Rigo has announced a 3.4 percent year‑on‑year decline in annual revenue to €520.1 million in fiscal 2025, translating into a flattish top line (‑0.4 percent) at constant exchange rates. The performance marks a significant slowdown from the previous year, when sales were up high‑single digits in both the retail ...
HOYA claims MiYOSMART IQ is first lens to halt myopia progression in children
Presenting the results of its latest clinical trial at the Association for Research in Vision and Ophthalmology (ARVO) annual meeting in Denver, US, yesterday, HOYA Vision Care announced that it has reached a milestone in myopia control. The breakthrough comes with a significant shift in language. While previous claims focused ...
HOYA reports mixed Q4 for Life Care, with slowdown in lenses
HOYA Corporation reported a 10.5 percent year-on-year increase in Q4 revenue to ¥155.1 billion (€843m) for its Life Care business unit, supported by strong currency tailwinds. At constant exchange rates, sales rose by 3.4 percent.
Fielmann reports Q1 slowdown, expects investment plans to temporarily pressure margins
Fielmann Group reported a 1.3 percent year-on-year increase in revenue to €613 million for the first quarter of fiscal 2026, a sharp slowdown from the 7.4 percent rise in fiscal 2025. At constant exchange rates, sales were up 2.3 percent. The German retailer said the modest growth came despite a ...
Bausch + Lomb contact lens sales rise 8% in Q1
Bausch + Lomb reported contact lens sales totaling $254 million in the first quarter of 2026, up by 8 percent compared to the year earlier and 5 percent higher at constant-currency rates. Growth continued to be driven by sales of the daily silicon hydrogen lens franchise, which jumped by 23 ...
EssilorLuxottica management confident in stock market rebound
Opening EssilorLuxottica’s annual shareholder meeting in Paris, Chairman and CEO Francesco Milleri started by stressing the group’s achievements over the past year and the ongoing profound transformation of its business from vision correction to medtech: “We aim to lead in preventive medicine, transforming vision care into a gateway for healthier ...
Synsam aims to expand international outreach with 'major' investment in Haaland partnership
Synsam Group is partnering with Norwegian football star Erling Haaland for the launch of an eyewear collection including prescription eyewear, sunglasses and sport glasses. The Erlind Haaland Eyewear Collection-branded range will include a total of 64 different frames for women, men and children, as well as a capsule collection of ...
Del Vecchio heir and Essilux manager increases stake in controlling shareholder Delfin
Leonardo Maria del Vecchio, Chief Strategy Officer at EssilorLuxottica and one of the heirs of Luxottica founder Leonardo del Vecchio, has reached a deal that will make him the largest shareholder in Delfin, the Del Vecchio holding company that in turn controls Essilux with a 32.4 percent stake.
Spain to face shortage of opticians, FEDAO warns
Spain’s boomers are retiring, and its subsequent generations have produced too few opticians to replace them. The warning comes from FEDAO, the federation of Spanish optical trade associations, which with Deloitte’s help has confirmed a structural deficit in the industry. The 2025 edition of FEDAO’s Libro blanco de la visión ...
Essilux topline still up double digits in Q1 despite wholesale slowdown
EssilorLuxottica reported Q1 sales up 4.1 percent year on year to €7,127 million, or 10.8 percent at constant exchange rates, with the gap largely reflecting the weaker US dollar against the euro in recent months. “With the third consecutive quarter of double-digit growth, we once again demonstrate the strength and ...
Safilo in exclusive talks to acquire Spy+ and Serengeti from Bollé Brands
Safilo Group appears set to acquire the SPY+ and Serengeti brands from Bollé Brands, after the signature of an exclusive agreement between the two companies was announced earlier this week. Although no transaction has been finalized at this stage as discussions are still ongoing, the deal seems very likely to ...
SWITCH event highlights EssilorLuxottica’s accelerated wholesale momentum
EssilorLuxottica held the European edition of its SWITCH: Vision Innovation Summit in Monte Carlo on April 13–15, roughly one month after the first event in Orlando. Announced in October last year, the B2B event presented the group’s innovations and technology-driven sector evolutions to wholesale partners and eye care professionals in ...