Blog

August 7, 2017April 24, 2018

HOYA Completes Acquisition of Vision Ease and Daemyung Optical

Hoya announced that it has completed the acquisition of Performance Optics, LLC including its subsidiaries, Vision Ease and Daemyung Optical in connection with HOYA’s previously announced acquisition of Performance Optics on October 12, 2016 and July 26, 2017. The acquisition accelerates HOYA’s strategic initiatives in the Life Care segment as a source of its continuing future growth.

Click HERE for full press release.

August 4, 2017April 24, 2018

World Sight Day Challenge 2017

Calgary, AB – Optometry Giving Sight is once again inviting all those who value good vision to support its major fundraising campaign for the year, the World Sight Day Challenge. The Challenge will run throughout October – with World Sight Day being celebrated on Thursday, October 12.

As part of its support for Our Children’s Vision, Optometry Giving Sight will fund projects that give sight and hope to more than 1 million children in 2017.

“It’s sobering to be reminded that seven hundred years after glasses were invented, there are still children in the world suffering from severe vision loss,” said Dr. Juan Carlos Aragon, Global Chair of Optometry Giving Sight. “This not only creates frustration and learning difficulties for the children affected, but can impact their future productivity and earning potential.”

For the past 10 years, thousands of Optometrists, their staff, patients, students and colleagues in the industry have taken the World Sight Day Challenge by making a tax-deductible donation and / or by raising funds in their practice, school or company.

“It’s simple and fun to do,” said Clive Miller, Global CEO of Optometry Giving Sight. “We have materials to help promote your involvement, lots of fun fundraising ideas, and information that you can share that shows how your donations are having an impact on the lives of children in need.”

Dr. Lareina Yeung and the Queensway Optometric Centre team in Mississauga ON have been participating in the Challenge for over 8 years.

“Our doctors, staff and patients take great pride in fundraising for Optometry Giving Sight,” she said. “The World Sight Day Challenge encourages us to surpass our goal on a yearly basis while having fun for a meaningful cause. We invite our colleagues across Canada and around the world to join the challenge with us this year!”

To donate, or pledge your participation by selecting one of our Bronze, Silver, Gold or Platinum Award levels, please visit www.givingsight.org or call: 1-800-585-8265 ext 4.

Click HERE for the full press release.

August 4, 2017April 24, 2018

Johnson & Johnson Vision to Acquire TearScience

Johnson & Johnson Vision announced through a company press release Friday that it will acquire TearScience through Abbott Medical Optics, which J & J previously acquired in fall 2016. The terms of the deal are expected to be released before the end of the year.

TearScience are the developers of “an office-based approach to imaging and treating meibomian gland dysfunction.”

“Dry Eye is a significant unmet health need globally, and Meibomian Gland Dysfunction is the cause for more than 60% of people living with this condition,” said Ashley McEvoy, Company Group Chairman of Johnson & Johnson Vision. “The innovative portfolio from TearScience positively impacts the lives of patients around the world suffering from this chronic condition. These solutions, coupled with our existing contact lens and surgical portfolio, will allow us to help more patients with their vision needs, throughout their lifetime.”

August 3, 2017April 24, 2018

KitKat is Delicious and Eccentric

Spectacle Eyworks launches KitKat. The steel frame has distinct cutouts along the outside with subtle angular form. It is eccentric, edgy and lightweight. Its colour was inspired by the shades that a maple leaf goes through in different stages of its life.

www.spec-eyeworks.com

August 1, 2017April 24, 2018

Essilor Revenue Up in First Half of 2017

The Board of Directors of Essilor International met on July 27 to approve the financial statements for the six months ended June 30, 2017. Consolidated revenue amounted to €3,909 million in the first six months of 2017, an increase of 6.9% at constant exchange rates. Free cash flow advanced 34% as reported and 13% excluding exceptional charges.

Revenue growth in the Lenses & Optical Instruments division of 5.8% in constant currency, of which 2.7% like-for-like growth, including:

Gains in North America where like-for-like sales growth accelerated from 2.3% in Q1 to 3.1% in Q2
Resilient performance in Europe supported by the recent Eye Protect System™ and Varilux® X series™ launches
An expansion of sales in fast growing markets dampened by a decline in Brazil
A 14% increase in online sales

At June 30, 2017, Sunglasses & Readers division revenue was down 1.5% like-for-like after an improved second quarter. In North America, a positive sunwear season enabled FGX to return to satisfactory growth in the second quarter, making up for some of the shortfall in the first quarter. Costa® sales maintained robust momentum underpinned by geographic expansion as well as the diversification and development of its distribution networks.

The Equipment division delivered like-for-like revenue growth of 11.7%, fueled by robust new machine sales combined with slower growth in after-sales. Demand was particularly strong for the high-capacity equipment introduced late last year, especially the new VFT-Orbit 2^TM digital generator and Multi-FLEX^TM polisher.

On May 11, Essilor shareholders convened for a general meeting and holders of double voting rights convened for a special meeting, approved the combination of Essilor and Luxottica. To date, Essilor and Luxottica have jointly filed with the antitrust authorities in several jurisdictions. The two companies’ shared objective in cooperation with the relevant authorities is to close the antitrust process around the end of the year.

Click HERE to read the full press release.