Luxottica and Mazzucchelli Enter into Collaboration for Sustainable Acetate and for Luxottica Investment of 35 Percent of Mazzucchelli Share Capital

By Staff
Friday, June 11, 2021 2:46 PM Luxottica and Mazzucchelli announce a collaboration, GrandVision acquisition clears another hurdle, register for VM’s virtual Summit session, Memorial Day holiday derails optical sales and Expo concludes show in Orlando all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

Luxottica and Mazzucchelli Enter into Collaboration for Sustainable Acetate and for Luxottica Investment of 35 Percent of Mazzucchelli Share Capital

By Staff
Friday, June 11, 2021 2:43 PM MILAN and CASTIGLIONE OLONA, Italy—Luxottica and Mazzucchelli announced today a collaboration agreement to develop and produce a highly sustainable type of acetate, accessible to all market players.The agreement provides for the acquisition by Luxottica of a minority stake of around 35 percent of the share capital of Mazzucchelli, in order to further finance the development of the project inside the Mazzucchelli production plants, the announcement said.

Ad Spending Worldwide Set to Notch a ‘Banner Year,’ Forecast Says

By Staff
Friday, June 11, 2021 11:04 AM NEW YORK—For marketing and media company executives, 2021 is shaping up to be a banner year in some ways. According to a recent eMarketer forecast, pent-up demand for traditional advertising – coupled with “exploding growth in e-commerce-related ad spending and social media advertising – the research firm said it expects “a record-setting pace for ad spending growth worldwide this year.”

In addition, eMarketer noted that the trend line for advertising spending going forward also shifted up, “thanks to the unexpected resilience of digital ad spending in 2020.”

The updated eMarketer forecast indicates total media ad spending worldwide will reach almost $748 billion this year, with a growth rate of 15 percent. This is the fastest growth rate since eMarketer began tracking the metric 10 years ago, the firm said.

By the end of 2024, ad spending will close in on the $1 trillion mark. (Note that, for context, the ad-spending total just hit the $500 billion mark in 2016.)

Even traditional ad spending will grow this year, by 7.6 percent, also its fastest growth rate since eMarketer began tracking this metric globally. “The additional $20.6 billion in traditional ad spending will help drive the overall reacceleration, but the main story will remain in the digital realm, as traditional ad spend will never again reach 2019 levels,” eMarketer said.

Digital’s share of worldwide media ad spending will cross the 60 percent threshold this year for the first time and is on track to reach nearly 70 percent by the end of the forecast period in 2025.

EssilorLuxottica’s Bid to Acquire GrandVision Completes Regulatory Approval Process, Awaits Arbitration Outcome

By Staff
Friday, June 11, 2021 12:27 AM SCHIPHOL, The Netherlands and CHARENTON-LE-PONT, France—The proposed acquisition of major international retailer GrandVision by EssilorLuxottica moved closer to completion on Thursday. The companies—GrandVision (Euronext: GVNV) and EssilorLuxottica (Reuters: ESLX.PA)—said in separate statements that the Turkish competition regulator (Rekabet Kurumu) had cleared the transaction and, with this conditional approval, all regulatory approvals for closing of the transaction have been obtained.

National Survey from VSP Vision Care Finds Our Eyes Are in Overdrive

By Staff
Friday, June 11, 2021 12:24 AM RANCHO CORDOVA, Calif.—Eighty percent of Americans say pandemic-prompted screen time put their eyes in "overdrive," according to the results of a new survey commissioned by VSP Vision Care.

Marcolin and Guess Announce Early Renewal of Licensing Agreement Until 2030

By Staff
Friday, June 11, 2021 12:21 AM LONGARONE, Italy—Marcolin and Guess have announced the early renewal of their exclusive licensing agreement for the design, production and worldwide distribution of Guess and Marciano sunglasses and eyeglasses.

If You Know an Influential Woman in Optical Nominate Her Now—Nominations Will Close on Sunday, June 13

By Staff
Friday, June 11, 2021 12:18 AM NEW YORK—Vision Monday will once again be highlighting The Most Influential Women in Optical in our July issue, marking the 19th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. The deadline for submitting nominations has been extended to 11:59 p.m. on Sunday, June 13. We are currently seeking nominations via an electronic survey form. Women’s influence in optical is undeniable and today, more women than ever before are playing vital roles at all levels of our industry.

If You Know an Influential Woman in Optical Nominate Her Now—Nominations Will Close on Sunday, June 13

By Staff
Friday, June 11, 2021 12:15 AM NEW YORK—Vision Monday will once again be highlighting The Most Influential Women in Optical in our July issue, marking the 19th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. The deadline for submitting nominations has been extended to 11:59 p.m. on Sunday, June 13. We are currently seeking nominations via an electronic survey form. Women’s influence in optical is undeniable and today, more women than ever before are playing vital roles at all levels of our industry.

Mido Sets February 2022 Date for In-Person Edition

By Staff
Friday, June 11, 2021 12:02 AM The date is set for February 12, 2022 to finally gather again in person at Mido. With the launch of the next major exhibition, the doors closed on Mido 2021 | Digital Edition, the global eyewear event, in an online version this year for the first time ever in the history of this trade show.

Father’s Day Spending to Hit a Record High $20.1 Billion, NRF Says

By Staff
Thursday, June 10, 2021 2:49 PM WASHINGTON—U.S. consumers are expected to spend more than $20.1 billion on gifts and other items for Father’s Day this year, a record high, according to the National Retail Federation’s (NRF) annual survey conducted by Prosper Insight & Analytics. Total spending for the holiday will surpass last year’s record figure of $17 billion.

Indies Head Out to Vision Expo East

By Gwendolyn Plummer
Thursday, June 10, 2021 8:30 AM ORLANDO—Last week, ECPs, students, and optical companies across the country headed down to Orlando, Florida, for Vision Expo East—the first in-person Vision Expo event since September 2019. Though slightly, and understandably, smaller than past shows, there was no lack of enthusiasm or excitement at East 2021—in fact, the feeling on the show floor was as electric as ever, full of members of the optical community who were so excited to get back to doing what they love. This week, we’re taking a look at posts from some independent ECPs and students who packed a suitcase and headed to Orlando—all to give you a look at the Vision Expo East 2021 experience.

Winthrop Eyes Center

By Staff
Thursday, June 10, 2021 8:25 AM Winthrop Eyes Center, opening in Winthrop, Massachusetts this July, is working toward becoming a fully paperless practice.

Launching and Managing Your Business With The Balance

By Staff
Thursday, June 10, 2021 8:15 AM NEW YORK—When you don’t know where to start, there’s usually no better place to begin than the library. For small business owners—new, old, or aspiring—The Balance Small Business is an online library dedicated to your needs, featuring more than 7,000 pieces of content collected over 20 years to help entrepreneurs launch and balance their own business.

Register Now for VM's Virtual Summit First Session, June 23, for Exclusive Take on Remote, Comprehensive Eye Exams

By Staff
Thursday, June 10, 2021 12:33 AM NEW YORK—Virtual eyecare, in the form of comprehensive eye exams performed remotely with the direct involvement of an optometrist, is rapidly gaining favor with both patients and practitioners. VirtualEYZE!, the lead-off session of the 2021 Vision Monday Leadership Summit, will explore how this reimagining of vision care—a form of “Creative Disruption”—is opening up new possibilities for optometrists in all modes of practice. This one-time-only event is the first in the multi-part 2021 VM Summit program, "CREATIVE DISRUPTION, THE NEW NOW: How to Survive It. Why You Need It." It will bring together experienced optometrists, optical retail executives, insurance reimbursement experts and the former chair of the American Telemedicine Association’s ocular telehealth committee to present an up-to-the-minute take on how this new form of eyecare is gaining ground and credibility.