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December 23, 2024December 23, 2024

Prada Group and EssilorLuxottica Announce Ten-year Licensing Renewal

Prada Group and EssilorLuxottica announced the renewal of their licensing agreement for the development, production and worldwide distribution of eyewear under the Prada, Prada Linea Rossa and Miu Miu brands.

The existing agreement, expiring on December 31, 2025, has been extended through December 31, 2030, with the provision for renewal until December 31, 2035.

Rooted in a pioneering vision and commitment to excellence, the over twenty-year partnership has shaped a unique approach to luxury that is both timeless and forward-looking. The two companies have taken inspiration from the worlds of fashion and technology to deliver innovative collections that have become a benchmark in the entire industry.

“We are pleased to announce the renewal of this agreement with EssilorLuxottica, a trusted and long-standing partner with whom we have developed a strong collaboration built on craftsmanship, quality and innovation. This renewal reaffirms our commitment to these values and to our shared vision for the future of eyewear.”

Patrizio Bertelli, Prada Group Chairman

“Since our paths first crossed, Prada Group has been an extraordinary partner, holding a very special place in our journey. This renewal fills us with pride and marks our shared commitment to embrace the finest expression of luxury eyewear – from refined elegance to bold irreverence and sport-inspired dynamism. Together we aim to deliver even greater innovations in the years to come.”

Francesco Milleri, Chairman and CEO, EssilorLuxottica

Click HERE for the press release.

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December 23, 2024December 19, 2024

EssilorLuxottica’s greenhouse gas emissions reduction targets validated by the Science Based Targets Initiative (SBTi)

EssilorLuxottica announced that its near-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi), marking a key milestone in the Company’s efforts to reduce the environmental impact across its entire value chain.

The new 2030 targets address emissions across the Company’s Scope 1, 2 and 3, in line with the climate mitigation efforts outlined in the Paris Agreement adopted by the United Nations in 2015.

EssilorLuxottica commits to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, from a 2022 base year. Additionally, the Group commits to reduce absolute Scope 3 GHG emissions from purchased goods and services, fu and energy-related activities, upstream transportation and distribution, and waste generated in operations by 25% within the same timeframe.

Francesco Milleri, Chairman and CEO, and Paul du Saillant, Deputy CEO at EssilorLuxottica said: “Sustainability is at the core of the Group’s identity and strategic vision. Our science-aligned climate targets reinforce our commitment to leading the industry toward an equitable and sustainable future. We will continue prioritizing climate actions within our sphere of influence and engage all our stakeholders. In line with the new Scope 3 emissions reduction target, we’ll bring our suppliers and business partners along our decarbonization journey, in line with our open, collaborative and inclusive business model”.

Since its creation, EssilorLuxottica has been committed to minimize its environmental impact throughout the entire value chain, aiming to mitigate the effects of climate change on the planet. Key milestones include reducing and neutralizing the carbon footprint of its direct operations (Scope 1 and 2) globally by 2025 (already achieved in Europe in 2023). Its climate strategy focuses on improving energy efficiency across facilities, increasing the self-production and use of renewable energy, and supporting the protection and restoration of natural ecosystems.

For more information about EssilorLuxottica’s science-based targets, please click here.

To discover more about the Group’s strategy and sustainability updates, EssilorLuxottica Sustainability Reports can be accessed and downloaded here.

The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. It develops standards, tools and guidance which allow companies to set greenhouse gas emissions reductions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest. The SBTi is incorporated as a charity. Its partner organizations are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).

Click HERE for the press release.

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December 23, 2024December 23, 2024

Eye-Opening Education at Vision Expo East 2025

Vision Expo East 2025 will offer new conference programming for professional development in the eyecare and eyewear industry, offering over 270 hours of accredited and non-accredited education tailored to the needs of ophthalmologists, optometrists, opticians and allied professionals. Taking place February 19–22, 2025, at the new location Orange County Convention Center (OCCC) in Orlando, Florida, this year’s program will feature a wide range of courses on clinical care, business growth and the latest technologies.

The event’s renowned educational program will kick off on February 19, one day prior to the exhibit hall opening, and will continue throughout the show. Attendees will gain actionable insights, learn about tools to enhance patient care and build their expertise in an engaging learning environment.

OptiCon @ Vision Expo: Elevating Careers in Opticianry

A highlight of the program, OptiCon @ Vision Expo, offers a unique learning and networking experience for spectacle and contact lens opticians. Created in collaboration with the United Opticians Association (UOA) and The Vision Council, OptiCon provides targeted education, hands-on workshops, and invaluable opportunities to connect with peers in a vibrant and engaging setting.

Education Highlights

The Vision Expo East educational lineup features new tracks and interactive formats, including:

Scleral Lens Track: Advanced clinical insights on scleral lens fitting, troubleshooting and patient care strategies.
Contact Lens Innovations: Training on the latest lens designs and fitting techniques to optimize patient outcomes.
Low Vision Care: Exploring emerging technologies and products to improve quality of life for low-vision patients.
Summits: No-fee, one-hour sessions addressing critical issues in eyecare, featuring interactive case discussions.
Hands-On Workshops: Limited-capacity classes with instructor-led practice to reinforce ophthalmic skills.
Vision Series: Casual breakfast and lunch learning sessions where industry leaders present clinical innovations.
Myopia Control Symposium: A comprehensive 3-hour session covering financial, clinical and marketing strategies for managing myopia.
New Technology Showcase: A hands-on exhibition highlighting the integration of cutting-edge technology with patient care.

Visit here for the 2025 full education schedule.

A Must-Attend Event for All Eyecare Professionals

In addition to its robust education program, Vision Expo East will feature an exhibit hall open February 20–22, showcasing products and solutions from over 300 exhibitors. The hall is divided into curated sections—Eyewear, Eyecare, Independent Design, and Tech & Innovation—to streamline navigation and discovery. Attendees can also visit the Main Stage for keynote presentations, panels and expert insights on industry trends and much more.

“Vision Expo East 2025 offers one of the most comprehensive education programs in the optical industry,” said Mitch Barkley, Vice President of Trade Shows at The Vision Council. “The program is designed to address the most pressing clinical, technical and business challenges facing eyecare professionals today. From hands-on workshops to the latest advancements in technology and patient care, the education offered at Vision Expo is unmatched. This is a must-attend event for anyone committed to advancing their career and delivering exceptional patient outcomes.”

Early Registration

Vision Expo East offers tailored packages for independent opticians, large optical practices and students, with registration options for individuals or teams. Attendees will gain access to both the exhibit hall and accredited education opportunities.

Early bird pricing is available until January 5, 2025.

Attendee Registration Here

Media Registration Here

To make the most of planning for Vision Expo East, attendees can explore exhibitors, events, course lists and more by visiting east.visionexpo.com.

Source: Vision Expo

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December 19, 2024December 19, 2024

EssilorLuxottica Signs Agreement to Acquire Espansione Group for Accelerating Its Growth in the Med-tech Space

EssilorLuxottica announces that it has entered into an agreement for the acquisition of Espansione Group, an Italy-based company specialized in the design and manufacturing of non-invasive medical devices, protected by international patents, for the diagnosis and treatment of dry-eye, ocular surface and retinal diseases.

Espansione Group is a med-tech pioneer delivering the highest medical standards in over 40 countries. with the photobiomodulation (PBM) technology – the Light Modulation Low-level Light Therapy (LLLT) – for use in medical fields such as ophthalmology and dermatology, along with the Intense Pulsed Light (IPL) technology.

The agreement represents for EssilorLuxottica another step forward in the med-tech space and it is consistent with the Group’s strategy in elevating industry standards and improving the quality of patient care solutions.

Francesco Milleri, Chairman and Chief Executive Officer at EssilorLuxottica, commented: “We are pleased to welcome the pioneering Espansione into our Group. This investment, proudly made in one of our home countries, will expand our portfolio of medical devices and solidify our role in the optical industry. EssilorLuxottica’s med-tech journey, aimed at elevating vision health standards, will continue to be an open and collaborative one, where our products and services are accessible to all industry players.”

The transaction is subject to local regulatory review and other customary closing conditions.

Source: EssilorLuxottica

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December 18, 2024December 18, 2024

NOW Trend Showcase Submission Deadline Extended to January 2025

The submission deadline for the NOW Trend Showcase and Awards at Vision Expo East 2025 has been extended to January 17, 2025. Eyewear companies exhibiting at Vision Expo East are encouraged to submit new designs and products for inclusion in the trend showcase, fashion shows and awards program, which will be featured at the inaugural Orlando, FL, show taking place February 19-22, 2025, at the Orange County Convention Center.

The NOW Trend Showcase celebrates innovative, trend-setting eyewear designs, blending modern trends with heritage craftsmanship. Brands interesting in participating can submit product aligning with one of the following new themes for 2025:

Sensorial Design: Fresh/Bold/Innovative
Innovation: Modern/Tech/Wearable
Memories are Made Of: Timeless/Classics
Consciously Designed: Sustainable/Eco-Friendly

All products featured in the NOW Trend Showcase are automatically entered to win a NOW Award and/or featured in the Flaunt the Frame Fashion Shows. Visit the official website for all event details.

Awards categories include:

Best Sunglass (Independent & Branded)
Best Optical (Independent & Branded)
Best Direct to Consumer
Optical Achievement
People’s Choice
Best Emerging Brand
Ultimate Accessory presented by the Accessories Council

Submissions are free for Vision Expo East exhibiting eyewear brands. Product samples must be received no later than January 24, 2025, to be considered for inclusion in the NOW Trend Showcase.

To learn more and submit, visit the webpage.

Source: Vision Expo

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