Luxottica Unveils New HQ and Showroom in New York City

By Staff
Monday, May 13, 2019 12:00 AM NEW YORK—Luxottica invited media, customers and other guests to the official debut of its new U.S. headquarters and brand showrooms here, housed in a 100 plus-year-old building which has been completely overhauled with modern interiors and high-tech displays and office space.

Marcolin Group and Max Mara Fashion Group Sign Multi-Year License for Sportmax Eyewear

By Staff
Wednesday, February 20, 2019 12:24 AM LONGARONE, Italy—Marcolin Group and Max Mara Fashion Group have announced the signing of an exclusive worldwide licensing agreement for the design, production and distribution of sunglass and eyeglass frames for women under the Sportmax brand.

2nd Annual Canadian Frame Study Reveals Opportunities and Threats

By Staff
Tuesday, February 19, 2019 12:15 AM NEW YORK—The results of the second annual Canadian Frame Market internet study, jointly conducted by VuePoint IDS and Jobson Optical Research, are now available. The 2018 study, building upon the inaugural research conducted in 2017, reveals that eyecare professionals are choosing to be more selective and do business with fewer frame suppliers, according to an announcement from VuePoint IDS. The distribution strength of the top players shows signs of weakening compared to the previous year. Only 2 of the top 10 companies showed gains in distribution.

Essilor Vision Foundation Empowers Eyecare Providers to Change Lives

By Staff
Thursday, February 14, 2019 12:30 AM DALLAS—Essilor Vision Foundation (changinglifethroughlenses.org) is combining technology and philanthropy to help people in need get the vision care and eyeglasses they need. The non-profit recently launched Changing Life through Lenses, a first-of-its-kind charitable solution equipping eye-care providers across the U.S. with the tools they need to eliminate poor vision among the underserved in their communities.

Precision Optical Group Purchases Precise Optical

By Staff
Wednesday, January 30, 2019 12:24 AM CRESTON, Iowa—Precision Optical Group, based here, (POG) has acquired Precise Optical, a full service laboratory located in San Angelo, Texas. Details of the transaction were not disclosed.

Allergan Reports Lower Sales in Both Fourth-Quarter and Full-Year 2018 Periods

By Staff
Wednesday, January 30, 2019 12:15 AM DUBLIN—Allergan (NYSE: AGN) on Tuesday reported full-year 2018 net revenues of $15.8 billion, a 1.0 percent decrease from 2017, and fourth-quarter net revenues of $4.08 billion, a 5.7 percent decrease from the year-ago quarter. Allergan chairman and chief executive officer Brent Saunders said the company “posted another quarter of strong results to close out 2018,” which he said underscores Allergan’s focus on “execution, financial discipline and the strength of our core business, which grew 8.3 percent.”

L'Amy America Forms New Luxury Company, Ultimate Vision USA, With Acquisition of Mad Vision

By Staff
Thursday, January 24, 2019 12:30 AM NORWALK, Conn.—L’Amy America is entering the the luxury eyewear market with the formation of a new luxury company, called Ultimate Vision USA. The move, the company said, comes via the acquisition of Florida-based Mad Vision and will extend L'Amy America's reach in the luxury eyewear category. “With the introduction of McLaren, Chris Craft, Henry Jullien and Plein Les Mirettes, we felt that it was very important to complement our current distribution by entering into the luxury eyewear market in a significant way," said Stephen Rappoport, CEO of L’Amy America.

Safilo and Missoni Announce New Multi-Year Licensing Agreement

By Staff
Thursday, December 20, 2018 12:21 AM PADUA and SUMIRAGO, Italy—Safilo and Missoni have announced a new five-year global eyewear licensing agreement for Missoni and M Missoni, renewable at the same conditions up to 2029.

Hilco Vision Acquires Eye Care and Cure

By Staff
Wednesday, December 5, 2018 12:33 AM PLAINVILLE, Mass.—Hilco Vision announced it has acquired Tucson, Ariz.-based ophthalmic supplies company Eye Care and Cure (ECC) effective Nov. 30. Ross Brownlee, CEO of Hilco Vision noted, “Eye Care and Cure has built a superb reputation addressing the pharmaceutical and diagnostic needs of its customers over many years through its subject matter expertise, breadth of line, quality of service and desire to simplify the buying experience for its customers—common qualities to the aspirations of the Wilson Ophthalmic division and Hilco Vision as a group. I am confident the value proposition we have for our combined customer base is really enhanced by this acquisition and look forward to building further on this new platform.”

Kering Eyewear Launches Website

By Staff
Wednesday, December 5, 2018 12:27 AM PADUA, Italy—Kering Eyewear has announced the launch of its newly designed institutional website, “keringeyewear.com,” which went live on Dec. 4, 2018. According to the company, the website will allow users to stay updated on Kering Eyewear’s latest news and collection as well as to consult the company’s career opportunities and open positions. Along with visitors to the website being able to view styles and digital campaigns belonging to the 15 brands designed, developed and distributed by Kering Eyewear, the site also features a “Store Locator” for clients to find the closest authorized stores for their favorite brands from Kering Eyewear’s portfolio.

PECAA Hosts Inaugural Strategic Partner Summit in Austin, Texas

By Staff
Thursday, November 8, 2018 12:24 AM AUSTIN, Texas—PECAA, a nationwide doctor alliance group for independent eyecare professionals, hosted its inaugural Strategic Partner Summit here in mid-October. The invitation-only event brought together senior leadership from integral industry vendor partners to discuss the inevitable changes impacting the industry and to explore solutions on how the group, collectively, could best serve their mutual customers and help support the future of independent optometry, according to an announcement.  Jamie Hughes, PECAA’s general manager, led the summit meeting, and Bart Foster, managing director of Sanitas Advisors, acted as the facilitator.

Eyewear by ROI and Karen Kane Extend Licensing Agreement

By Staff
Wednesday, October 24, 2018 12:18 AM PHOENIX—Eyewear by ROI and Karen Kane have extended their eyewear license through 2022. Eyewear by ROI designs, manufactures and distributes Karen Kane Eyewear through the U.S., Canada, Mexico, Europe, Asia and Australia. “We are excited to be able to continue to represent Karen Kane in the eyewear category,” said John Alofs, founder and CEO, Eyewear by ROI. Lonnie Kane, president of the Karen Kane Company added, "We are thrilled to renew our agreement and extend our partnership with Eyewear by ROI. They are fantastic collaborators. Working with them has been a great experience, and we look forward to continuing to build the Karen Kane brand with them.

Luxottica's Q3 Net Sales Rise 3.5 Percent

By Staff
Tuesday, October 23, 2018 12:27 AM MILAN—Third quarter net sales for Luxottica Group S.p.A. (MTA: LUX) grew by 3.5 percent at constant exchange rates and 2.9 percent at current rates, driven by retail and e-commerce, the company reported.

OptiSource Acquires New York Eye’s Eyeglass Case Division

By Staff
Tuesday, October 16, 2018 12:21 AM BELLPORT, N.Y.—OptiSource International has acquired the eyeglass case division of Amityville, N.Y. based New York Eye. The terms of the transaction were not announced. New York Eye will continue to market value-priced, branded frames. OptiSource currently offers a line of high quality eyeglass cases that can be personalized with practice information. “The addition of the New York Eye value-line of eyeglass cases allows OptiSource to expand our offering at multiple price points to better serve our customer base,” said Daryl Squicciarini, president of OptiSource.

Paws N Claws Eyewear Expands to Canada, Appoints New Canadian Marketing Director

By Staff
Friday, October 12, 2018 12:21 AM PITTSBURGH—Paws N Claws Eyewear, the philanthropic, animal-friendly optical company, has expanded to Canada with Paws N Claws Eyewear Canada. With the company’s new marketing director, Brian Heap, Paws N Claws will continue to give back with its philanthropic partnership with the Canadian Federation of Humane Societies (CFHS) and Humane Canada. Through its new partnership with CFHS, Paws N Claws will donate 3 percent to 5 percent of net sales.