By Staff
Thursday, July 25, 2024 12:27 AM
PARIS—
Kering Eyewear, part of the global luxury group Kering, has reported revenue of €914 million in the first half of 2024, up 5 percent as reported and up 6 percent on a comparable basis. In the second quarter, Kering Eyewear's sales rose by 3 percent both on a comparable basis and as reported, driven by solid progression of the brands in its portfolio, the Group said. Overall, revenue from the Kering Eyewear and Corporate segment amounted to €1.1 billion for the first half of 2024, mainly attributable to activities of Kering Eyewear and Kering Beauté, the latter including the sales of Creed.
By Staff
Thursday, July 18, 2024 12:27 AM
PARIS and DENVER—
EssilorLuxottica, a global leader in the optical industry, and
VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, announced that they entered into a definitive agreement for EssilorLuxottica to acquire the
Supreme brand from VF for $1.5 billion in cash. A New York-city based skate culture brand, Supreme was established in 1994 and has expanded into a global community, with 17 retail stores in the U.S., Asia and Europe, and an e-commerce platform across all regions. It runs a digital-first business.
By Staff
Monday, July 8, 2024 12:24 AM
NEW YORK—A Jobson Research poll of opticians, optometrists and ophthalmologists in response to recent updates by the Federal Trade Commission (FTC) to the Eyeglass Rule shows that the changes will have moderate to significant impact on practices' workload and bottom line. As recently
reported in
VMAIL, the FTC announced final updates late last month to its
Ophthalmic Practice Rules, also known as the Eyeglass Rule, in what the organization stated was an effort to increase compliance with the requirement that ophthalmologists and optometrists provide patients with a free copy of their prescription immediately following a refractive eye exam. Among the updates are the requirements that ECPs must now ask patients to sign a statement confirming they received their prescription, keep a record of that confirmation for at least three years, and offer patients the option of a digital prescription.
By Staff
Monday, July 1, 2024 12:24 AM
WASHINGTON, D.C.—Last week, as
reported in
VMAIL, the Federal Trade Commission (FTC) announced final updates to its 10-year
Ophthalmic Practice Rules, known as the Eyeglass Rule. According to the FTC, the updates, which are scheduled to take effect 60 days after publication in the Federal Register, are designed to increase compliance with the rule’s long-standing requirement that ophthalmologists and optometrists who have a financial interest in selling prescription eyewear provide patients with a free copy of their prescription following a refractive eye exam.
By Staff
Thursday, June 27, 2024 1:15 PM
WASHINGTON, D.C.—Concluding a comprehensive multi-year review, the Federal Trade Commission (FTC) has announced final updates to its
Ophthalmic Practice Rules, known as the Eyeglass Rule, aimed at promoting competition and consumer choice. According to the FTC, the updates are designed to increase compliance with the rule’s long-standing requirement that ophthalmologists and optometrists provide patients with a free copy of their prescription immediately following a refractive eye exam. The changes announced on Thursday require that prescribers, after providing the prescription, request that their patients sign a statement confirming they received their prescription and keep a record of such confirmation for at least three years.
By Staff
Thursday, June 20, 2024 12:27 AM
NASHVILLE, Tenn.—Recent best practice honorees and student award recipients weighed in on hot topics relevant to the optical industry and profession on Wednesday during a roundtable discussion hosted by
CooperVision at
Optometry’s Meeting here. Topics selected by the honorees and discussed included new and emerging technologies, contact lenses and myopia management, according to CooperVision. Back in March, as
reported by
VMAIL, CooperVision announced its 2024 Best Practices honorees and student award recipients.
By Staff
Monday, June 10, 2024 11:15 AM
HAMBURG, Germany and GREEN BAY, Wis.—The
Fielmann Group, a global eyewear provider, has announced that it has entered into a definitive agreement in which its U.S. subsidiary, Fielmann USA, will acquire 100 percent equity ownership in
Shopko Optical, an optical retailer based in Green Bay, Wis., from
Monarch Alternative Capital LP. The transaction is expected to close in the third quarter of this year, the group said, subject to customary closing conditions and regulatory approvals. Shopko Optical operates more than 140 stores across 13 states and generated $168 million in sales in 2023, according to the announcement.
By Staff
Wednesday, June 5, 2024 12:27 AM
RANCHO CORDOVA, Calif.—
VSP Vision announced that Usha Patil has joined the company effective June 3 as chief insurance officer, and in that role will lead VSP Vision Care, the organization’s not-for-profit vision benefits business that serves more than 85 million members. Patil joins VSP Vision from
UnitedHealth Group, where she spent the last 14 years in a variety of senior leadership roles, most recently leading operations for UnitedHealthcare’s individual and family Affordable Care Act (ACA) plans, the company stated.
By Staff
Tuesday, May 28, 2024 12:27 AM
ALEXANDRIA, Va.—
The Vision Council, the leading trade association for the optical industry, has announced the release of two new reports offering a comprehensive view of the optical industry for the first quarter of 2024. The Market inSights Q1 2024 and Consumer inSights Q1 2024 reports feature market data and analysis estimating the performance of the optical industry, and highlight consumer behavior related to managed vision care, eye exams, eyeglasses, frames, lenses, contact lenses, readers and plano sunglasses, according to the announcement.
By Staff
Friday, May 24, 2024 12:15 AM
NEW YORK—The nominations deadline for VM's Most Influential Women in Optical special report is 11:59 p.m. on Monday, May 27.
Vision Monday will once again be highlighting The Most Influential Women in Optical in our July-August issue, marking the 22nd year of our signature Special Report saluting women in the eyewear/eyecare industry. We are currently seeking nominations via an
electronic survey form.
By Staff
Thursday, May 23, 2024 12:15 AM
NEW YORK—The nominations deadline for VM's Most Influential Women in Optical special report has been extended to 11:59 p.m. on Monday, May 27.
Vision Monday will once again be highlighting The Most Influential Women in Optical in our July-August issue, marking the 22nd year of our signature Special Report saluting women in the eyewear/eyecare industry. We are currently seeking nominations via an
electronic survey form.
By Staff
Tuesday, May 21, 2024 12:15 AM
NEW YORK—The readers of
Vision Monday and
20/20 Magazine are being asked once again to
share nominations to tell their stories for the Ultimate Partners annual editorial initiative. But time is running out—the deadline for submissions is May 22. Now in its fourth year, Jobson’s 2024 Ultimate Partners program allows readers to highlight their great business support partners and showcase their support. Open to all eyecare professionals, the program is looking to spotlight your most successful collaborations and celebrate the crucial support shared during both challenges and opportunities.
By Staff
Monday, May 20, 2024 12:15 AM
NEW YORK—
Vision Monday will once again be highlighting The Most Influential Women in Optical in our July-August issue, marking the 22nd year of our signature Special Report saluting women in the eyewear/eyecare industry. We are currently seeking nominations via an
electronic survey form but time is starting to run out—the deadline for submitting nominations is May 23. Women’s influence in optical is undeniable, and today more women are playing vital roles at all levels of our industry. In retailing, wholesaling, product design, manufacturing, distribution and vision care, talented women are shaping the direction of the companies and organizations they work for, and, in many cases, lead.
By Staff
Thursday, May 16, 2024 12:15 AM
NEW YORK—The readers of
Vision Monday and
20/20 Magazine are being asked once again to
share nominations to tell their stories for the Ultimate Partners annual editorial initiative. The deadline for submissions has been extended to May 22. Now in its fourth year, Jobson’s 2024 Ultimate Partners program allows readers to highlight their great business support partners and showcase their support. Open to all eyecare professionals, the program is looking to spotlight your most successful collaborations and celebrate the crucial support shared during both challenges and opportunities.
By Staff
Thursday, May 2, 2024 12:30 AM
SECAUCUS, N.J.—
Safilo North America has announced the appointment of Gabriele Cusani Sodano as president and chief commercial officer, effective April 2024. Cusani brings a wealth of experience and a proven track record to succeed in this new role, which will focus on accelerating the implementation of the Group’s strategic plan in the North American market, the company stated. He joined Safilo in 2015 and has held various roles of increasing responsibility throughout his tenure, with experience that spans commercial strategy and planning, brand management, business development, sales operations and direct to consumer.