EssilorLuxottica Says GrandVision Initiating Arbitration Proceedings Is ‘Surprising’

By Staff
Friday, July 31, 2020 9:15 AM EssilorLuxottica reacts to GrandVision initiating arbitration proceedings, "Essilor Experts" star in lens maker's campaign, Kering Group and Kering Eyewear report Q2 sales, Johnson & Johnson Vision receives FDA's breakthrough device designation, and Kentucky College of Optometry earns ACOE accreditation all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

‘Essilor Experts’ Star in Lens Maker’s New Consumer Campaign

By Staff
Thursday, July 30, 2020 12:27 AM DALLAS—Essilor of America is launching a nationwide media campaign encouraging patients to consider their vision and book an appointment with an Essilor Expert. The lens makers’ new campaign integrates TV, online, and social media ads. Designed to drive patient traffic to ECPs, the campaign positions Essilor Experts—local eye doctors who participate in the company’s flagship partner program—as a go-to resource who can provide patients with the right Essilor lens for their vision needs.

Kering Group and Kering Eyewear Report Sharp Impact on Q2 Sales

By Staff
Wednesday, July 29, 2020 12:30 AM PARIS—Kering Group (PARIS: KER), the global luxury group overseeing fashion brands Gucci and Saint Laurent, among others, reported overall consolidated revenue for the first six months of the 2020 fiscal year of €5,378.3 million, down 29.6 percent as reported and 30.1 percent on a comparable basis. The company also reported net income for the Group of €272.6 million and recurring net income for the Group of €569.3 million.The impact of the coronavirus pandemic was pronounced in the second quarter of the year, the company said, reflecting consolidated revenue of €2,175.1 million in the second quarter, down 43.5 percent as reported and 43.7 percent on a comparable basis.
 

Johnson & Johnson Vision Receives FDA’s Breakthrough Device Designation

By Staff
Tuesday, July 28, 2020 12:27 AM JACKSONVILLE, Fla. – Johnson & Johnson Vision has received the FDA’s “breakthrough device” designation for its myopia control lens, company executives noted on a recent conference call with securities analysts following the announcement of second-quarter financial results. Chris DelOrefice, Johnson & Johnson’s vice president for investor relations, noted the FDA’s action on the company’s myopia lens on the July 16 conference call.

Kentucky College of Optometry Earns ACOE Accreditation

By Staff
Monday, July 27, 2020 12:24 AM PIKEVILLE, Ky.—The Kentucky College of Optometry at the University of Pikeville (KYCO) received accreditation earlier this month from The Accreditation Council on Optometric Education (ACOE), an essential requirement for the future growth of the five-year-old institution. KYCO Dean Michael Bacigalupi, OD, FAAO told VMAIL that to earn the accreditation, the College underwent a five-year process that involved submitting a “self-study” explaining to the ACOE how they met its eight standards of accreditation.

Cognivue Appoints Dr. Fred Ma as CMO and SVP

By Staff
Friday, July 24, 2020 12:27 AM Cognivue appoints Dr. Fred Ma as CMO and SVP, Black Eyecare Perspective launches IMPACT HBCU initiative, ECP revenues, exam rates and sales increase, National Vision extends its partnership with Walmart Inc., and EssilorLuxottica starts legal proceedings for more info from GrandVision all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.  

Black Eyecare Perspective Launches IMPACT HBCU Initiative

By Staff
Thursday, July 23, 2020 12:36 AM NEW YORK—Black Eyecare Perspective is launching a new initiative, IMPACT HBCU, to bring more awareness of the vision care field to Black students, educate them about the opportunities in optometry and cultivate more involvement from students in Historically Black Colleges and Universities throughout the U.S. To support the program, several leading eyecare and optical retail companies have stepped up to be the initial three supporters of the program: America's BestMyEyeDr., and Warby Parker.

Jobson Performance Tracker: ECP Revenues, Exam Rates, and Sales Increase

By Staff
Wednesday, July 22, 2020 12:33 AM NEW YORK—Even as the majority of the country experiences increasing COVID-19 cases, the U.S. optical business experienced slight increases in all service and product categories in all regions of the country, according to the latest edition of the Jobson COVID-19 Performance Tracker for the week ending July 19.

Click here to view the complete Jobson COVID-19 Performance Tracker. 

National Vision Extends Its Long-Standing Partnership With Walmart Inc.

By Staff
Tuesday, July 21, 2020 12:30 AM DULUTH, Ga.—National Vision Holdings, Inc. (NASDAQ: EYE) announced yesterday that it has entered into an amendment to its existing Management & Services Agreement (MSA) with Walmart Inc., effective July 17, 2020, that extends the current term and economics of the MSA by three years to Feb. 23, 2024.

EssilorLuxottica Starts Legal Proceedings For More Info From GrandVision

By Staff
Monday, July 20, 2020 8:11 AM CHARENTON-LE-PONT, France and SCHIPOL, The Netherlands—EssilorLuxottica (ISIN: FR0000121667) announced on Saturday morning in Europe that it started legal proceedings in the Netherlands to obtain information from takeover target GrandVision NV (Euronext: GVNV) on how it performed during the coronavirus crisis. In its July 18 statement, EssilorLuxottica said, "This is to assess the way GrandVision has managed the course of its business during the COVID-19 crisis, as well as the extent to which GrandVision has breached its obligations under the support agreement. Despite repeated requests, GrandVision has not provided this information on a voluntary basis, leaving EssilorLuxottica with no other option but to resort to legal proceedings."

Keplr Vision Completes Strategic Partnership With Cockrell Eyecare Center

By Staff
Friday, July 17, 2020 12:30 AM Keplr Vision completes partnership with Cockrell Eyecare Center, Alliance for Patient Safety says U.S. House Committee to delay contact lens rule, U.S. optical revenues increase across all regions, FMO and Media 10 to deliver U.K. show in January, and Accelmed Partners closes acquisition of TearLab all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

Alliance for Patient Safety Says U.S. House Committee to Delay Contact Lens Rule

By Staff
Thursday, July 16, 2020 12:33 AM ALEXANDRIA, Va.—The Health Care Alliance for Patient Safety (APS) said Wednesday the U.S. House's Committee on Appropriations is moving to delay the effective date and enforcement of the amendments in the recently finalized Contact Lens Rule. The Federal Trade Commission (FTC) released its updated CL rule late last month, as VMAIL reported. A number of other companies and optical organizations, including the American Optometric Association, also have publicly declared their opposition to the FTC's updated CL rule, as VMAIL reported.

Jobson Performance Tracker: U.S. Optical Revenues Increase Across All Regions

By Staff
Wednesday, July 15, 2020 12:33 AM NEW YORK—The index numbers rose for optical revenues for the week ending July 12, according to the most recent Jobson COVID-19 Practice Performance Tracker. After two weeks of declining sales, the U.S. optical business experienced substantial growth in that period. This sales increase occurred across the board for all service/product categories and all census regions of the country.

Click here to view the complete Jobson COVID-19 Performance Tracker.

FMO and Media 10 to Deliver One Major UK Industry Show in January 2021

By Staff
Tuesday, July 14, 2020 12:33 AM LONDON— Media 10, the organizers of 100% Optical, and the Federation of Manufacturing Opticians (FMO), the organizers of Optrafair, announced they have reached an agreement that brings the main optical bodies and industry together into one major event for 2021 onwards. In addition to this agreement, the FMO, together with show organiser MA Exhibitions, a member of the Mark Allen Group, said they have made the difficult decision to cancel Optrafair 2020, which was due to take place at the NEC on September 19-21 2020. This action was taken due to the continued uncertainty surrounding delivery of events as a result of Covid-19. 

Accelmed Partners Closes Acquisition of TearLab

By Staff
Monday, July 13, 2020 12:30 AM ESCONDIDO, Calif.—TearLab Corp., a leader in diagnostics for dry eye disease (DED), said its acquisition by Accelmed Partners II (AP-II) has closed. The tentative deal between the companies and a $25 million investment by the Accelmed was announced in May, as VMAIL reported.