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 ...
Kering Eyewear expects 'execution' and AI glasses to drive next growth phase
Kering presented yesterday ReconKering, its strategic turnaround plan, to investors during its Capital Markets Day (CMD) in Florence, Italy. “ReconKering is designed to restore clarity, rebuild execution discipline and place the Group back on a long‑term leadership trajectory,” the official release reads.
Julbo tops €50m in sales as new owner builds on brand heritage
After more than 135 years of history, including over four decades under the leadership of the Beaud family, Julbo was acquired by Peugeot Frères Industries, the investment arm of the Peugeot family, in 2022. We recently sat down with Damien Guillobez, CEO of Julbo, to discuss the sport eyewear company’s ...
Eyewear remains 'highly attractive and reliable growth engine' for Kering
Kering Eyewear quarterly revenue reached a record high of €489 million in Q1, growing by 3 percent year on year or by 7 percent on a comparable basis. The performance marks a significant acceleration from Q4 2025 when sales declined by 2 percent (+3 percent in comparable terms).
Revenio Group acquires Visionix in €290m deal
Revenio Group, a Finnish-based public company supplying eye care devices and software, announced yesterday the acquisition of Visionix, the French-based group specializing in eye care diagnostics and measurement instruments.
JINS finds “second growth engine” overseas as domestic business disappoints
JINS HOLDINGS lowered its full-year outlook for fiscal 2025/26 (ending Aug. 31) after first-half results showed a mixed performance: double-digit revenue growth but a sharp drop in domestic profitability.
Chinese smart glasses firms eye IPOs in race with big tech
Prominent Chinese smart glasses companies are increasingly turning to the stock market to fund their growth in a fast-moving, highly competitive sector.
Is Gentle Monster running out of steam?
Financial filings by iiCombined for fiscal 2025 show that Gentle Monster’s growth trajectory came to a sudden halt last year, as total revenue declined by 2.1 percent year on year to 772.3 billion Korean won (€449m). This is a sharp contrast to the 29.7 percent growth reported for the previous ...
Eyewear companies’ average stock price down 3% in Q1
The stock prices of the 25 listed eyewear companies composing our quarterly chart decreased by 3.4 percent on a non-weighted average basis in Q1 2026. While the decline marks a sharp contrast with the 8.9 percent growth recorded in the preceding quarter, it largely reflects a difficult quarter for stock ...
iVision Tech sees eyewear sales steadying as looks to smart glasses for growth
iVision Tech expects eyewear sales to steady this year after declining in 2025, when difficulties facing luxury goods companies had a knock-on effect on the sector, said Stefano Fulchir, CEO of the company.