Blog

November 8, 2019November 8, 2019

2019 World Sight Day: A Global Success at Essilor

Just like every year since 2012, World Sight Day, which fell on October 10 this year, was commemorated at Essilor. Employees, partners and suppliers across continents gathered together to mark the most important awareness and advocacy event on the global eye health calendar and spread the word about the importance of good vision.

Through hundreds of initiatives, World Sight Day was an opportunity for the Group to celebrate and renew its commitment to improving lives by improving sight.

This year, for its global corporate campaign, Essilor placed the spotlight on the fight against myopia. Myopia rates continue to worsen globally, as 5 billion people, approximately half of the world’s population, are expected to be myopic by 2050. Today, public awareness on myopia remains limited, leading to poor predictability and restricted treatment, with significant consequences on people’s quality of life. This is why Essilor’s campaign had two core targets: parents – to check their children’s vision – and young adults. This was set in motion with the objective to raise awareness of the global epidemic and invite people to check and correct their vision regularly and to adapt their daily habits accordingly.

Once again, Essilor’s employees proved to be a real driving force throughout the day with events, lab visits for children and young adults, eye tests, donations of spectacle frames, school visits to educate on myopia and more, further reinforcing the campaign messaging. These initiatives proved to be a tremendous success across Essilor’s global sites and cities.

Watch this video to discover a few amongst hundreds of initiatives carried out within the Group as well as partners and suppliers.

World Sight Day 2019 in figures

+50,000 participants
+70 countries
+82 entities
+35,000 onsite vision screeningeye tests
+30,000 online vision screening tests on www.putvisionfirst.com

Click HERE for the full press release.

November 8, 2019November 8, 2019

Michelin and Essilor Join Forces for Safer Mobility

Michelin and Essilor announced the signature of a two-year collaboration through a Memorandum of Understanding.

As part of their mobilization around World Sight Day 2019, Michelin and Essilor today announce the signature of a 2-year collaboration through a Memorandum of Understanding. The collaboration aims at joining forces to widely reach the public and raise awareness on the importance of good vision on the road as well as good functional tyres reliable up to the wear indicator.

Poor vision and tyres in a bad state of use are two main risk factors for road safety, related to the human factor on one side and to one of the key performance features of the machine – the tyres that connect it to the road – on the other side.

90% of the information needed on the road comes from our eyes, and yet it is estimated that 1 out of 5 drivers in the world suffers from uncorrected poor vision, usually due to a lack of awareness or to limited access to vision care.

In parallel, around 1 in 2 cars rolls with under-inflated tyres and around 1 in 10 cars rolls with tyres that are beyond the wear limit, which can lead to punctures or accidents.

This is why this partnership between both companies plans on:

Increasing awareness campaigns on a global and country scale, through eye screenings and tyre check-ups for employees, customers and the public at large;
Providing innovative services to facilitate access to the appropriate equipment to consumers, through the leveraging of both Michelin and Essilor’s respective expertise.

Both partners are already strongly involved in independent respective actions to promote safe mobility.

Click HERE for the full press release.

November 7, 2019November 7, 2019

FYidoctors | Visique Acquires Grimard Optique

FYidoctors | Visique announced on November 7 the acquisition of Grimard Optique — a Quebec-based vision care and retail chain with 22 locations.

Grimard has been serving Canadians for over 39 years with the majority of their locations in Quebec along with several in Manitoba, New Brunswick, and Nova Scotia. The company employs 148 staff members who are dedicated to providing optimal quality eye care to its patients and are excited to continue doing so. With this acquisition, FYidoctors | Visique will now boast over 290 locations across Canada – 70 of which were added in 2019 alone.

“I am thrilled to continue our aggressive growth with the acquisition of Grimard,” said said Dr. Alan Ulsifer, CEO and Chairman of FYidoctors | Visique. “Specifically, I am excited about the strength it will now give us in Montreal – the sixth fastest growing metropolitan area in Canada and the United States. It is of critical importance for us to add value and provide solutions to clinics that join our family and we deliver that through financial strength and systems in place. We have worked extremely hard building the scalable infrastructure that allows us to realize this potential and are delighted with pace we are now growing at. This is just the beginning.”

Grimard locations will continue to operate under their current banner for the immediate future while FYidoctors evaluates how to merge the existing brand into the FYidoctors | Visique family. For patients who have recently purchased products and/or services from Grimard, warranties and guarantees will remain to be honoured under the ownership change.

“The Grimard Optique team is delighted to join the FYidoctors | Visique family,” said Robert Grimard, President of Grimard Optique. “Both our organizations share the same vision for what eye care should be, making this a move which feels very natural. FYidoctors | Visique has shown impressive growth in the Canadian market and with the addition of Grimard Optique, they have solidified their presence in Quebec.”

Click HERE for the press release.

November 6, 2019November 6, 2019

Third-Quarter 2019 Revenue Momentum Continues to Build

EssilorLuxottica announced that consolidated revenue for the first nine months of 2019 amounted to € 13,086 million, representing a year-on-year increase of 7.7% compared to the 2018 first nine months revenue.

“The continuous improvement in our performance validates our growth strategy as well as our investments in product innovation, digitalization, fast-growing markets and talent. This acceleration further demonstrates our ability to execute the business plan and deliver sales and cost synergies”, said Francesco Milleri and Laurent Vacherot. “On this basis we will confirm our efforts to transform the industry and eliminate poor vision throughout the world.”

Essilor led this performance with sales growth of 8.9% on a reported basis and of 5.9% at constant exchange rates.

Fast-growing markets led growth, with a sales increase around 10%. The direct online channel, which represented around 5% of consolidated sales, was also a meaningful contributor led by double-digit growth on Ray-Ban.com, Oakley.com, SunglassHut.com and in Essilor’s prescription eyeglasses offers.

Lenses & Optical Instrumentssales were up 9.9% to €1,713 million. This performance was driven by new products, online sales and fast-growing markets4. The successful launch of Transitions® Signature® GEN 8TM in the United States supported the improved growth rate.

In North Americarevenue grew by 8.9% to €2,298 million in the third quarter.

Essilor sales benefited from the launch of Transitions® Signature® GEN 8TM, which yielded a step change in growth for Transitions® lenses, notably with Independent Eyecare Professionals as well as through the company’s retail channels.

Equipment and Sunglasses & Readers contributed to growth during the quarter while performance in Canada weighed slightly on regional performance. E-commerce sales were particularly strong during the quarter, with a noteworthy performance from EyeBuyDirect.

Click HERE for the full press release.

November 6, 2019October 17, 2019

A New Type of 3D Glasses

Create custom 3D printed frames for every single patient. You Scan. You Design. Specsy 3D prints. It’s as simple as that! The Specsy turnkey retail kit enables ECPs to 3D scan patients and design custom frames on each patient’s 3D scan. Specsy 3D prints every single frame to order.

Distributed by Specsy: specsy.com