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Luxottica To Take Michael Kors License From Marchon PDF
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Companies
Thursday, 17 April 2014

Michael KorsMichael Kors Holdings Limited and Luxottica Group have announced that they have signed a new and exclusive eyewear license agreement for the Michael Kors Collection and MICHAEL Michael Kors eyewear. The first collection produced with Luxottica will launch in January 2015. Currently, Marchon has the license to produce Michael Kors eyewear.

The partnership with Luxottica will last 10 years. It will allow Michael Kors, celebrated for its luxury accessories and ready-to-wear, as well as its iconic jet set lifestyle, to continue the global expansion of the brand's eyewear business. Luxottica will produce eyewear for both the Michael Kors Collection and MICHAEL Michael Kors lines, beginning with Spring 2015. The brand's two luxury eyewear collections will be carried around the world in Michael Kors stores, department stores, select travel retail locations, independent optical locations and Luxottica's retail stores.

"We have achieved great success in the eyewear business and believe that our new partnership will further enhance our luxury image in the optical and sunglass marketplace," said John D. Idol, CEO of Michael Kors. "Luxottica is the industry leader in eyewear through their commitment to design and quality which makes them the perfect partner for our luxury brand. Our eyewear business is an important component of the overall growth strategy as we continue our expansion around the world."

"We are very excited and proud to be entering this new partnership with Michael Kors, one of the most powerful American luxury lifestyle brands in the world," said Andrea Guerra, Chief Executive Officer of Luxottica Group. "Michael Kors has a major influence in fashion, with products that are exciting to luxury audiences globally. We believe that the Michael Kors' brand proposition, its solid growth and strong performance across its segments, and its innovative fashion design fit perfectly within our portfolio. We are confident that this partnership will have great success."

 
Safilo Celebrates 80th Anniversary With Exclusive Collection PDF
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Companies
Tuesday, 15 April 2014

Gruppo VistaSafilo celebrates its 80-year history by launching a special capsule collection created in collaboration with Marc Newson, which has been unveiled last week during the 53rd edition of the Salone del Mobile in Milan.

Founded in 1934, Safilo pays tribute to this anniversary through the synergy with one of the most versatile and influential designers in the world, creating a line that perfectly combines tradition and innovation, know-how and design – the values that identify this brand.

Among the principal features that unite Safilo and Marc Newson in the project's core vision, are the primary use of state-of-the-art components, the concepts of transparency and transformation, and specifically, the reinterpretation of the past in a contemporary way through the balance between the distinctive approach of this guest-designer and the highest standard of made in Italy manufacturing guaranteed by Safilo.

In particular, the new capsule collection stems from revisiting a historical model personally chosen by Newson and resulting in 5 different variations, through 5 specific materials and technologies, based on the original shape from the Safilo's archive. The assortment will consist of 5 optical frames and 2 sunglasses.

 
New Open Digital Platform Announced by Luxottica PDF
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Thursday, 03 April 2014

Luxottica Group has announced that it is launching a new open digital platform along with the formation of an Industry Consultancy Panel (ICP) to help guide and shape the offering to the North American market.

The "Luxottica E-Comm & Digital Innovation Laboratory", which was created in parallel with the acquisition of glasses.com, aims to provide new solutions for doctors who wish to offer an enhanced online eyewear experience to their patients. Luxottica believes these solutions will help doctors to compete effectively in the digital age thanks to the development and availability of high quality doctor driven websites that link the medical practice with the online world and ensure an enhanced consumer experience.

In collaboration with Luxottica's Wholesale Division, an Industry Consultancy Panel (ICP) is being formed to represent the optical market. The role of the ICP will be to evaluate potential digital solutions and provide recommendations to Luxottica on how to create a seamless omni-channel experience.

"We are thrilled to announce today the establishment of these unique digital services and the exclusive online platform." said Carlo Privitera, President of the Luxottica E-Com & Digital Innovation Laboratory (LEDIL). "We are committed to leveraging glasses.com for the betterment of the market and to offer accessible solutions for doctors who wish to offer an enhanced online eyewear experience to their patients.

Our overall objective is to support the high quality of service and care that medical professionals provide with an equally high quality online experience while responding to today’s increasing demand from consumers".

"We believe that this initiative, which will be developed in partnership with key representatives from the market, will establish a new standard for eyewear online." Luxottica expects that the initial testing of the platform could begin as early as Q4 2014.

 
Google and Luxottica Announce Strategic Partnership for Glass PDF
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Companies
Tuesday, 25 March 2014

Google GlassLuxottica Group  and Google have announced they have agreed they will join forces to design, develop and distribute a new breed of eyewear for Glass.

The announcement offers a far reaching strategic partnership between Luxottica and Google to work together across multiple efforts on the creation of innovative iconic wearable devices. Through this relationship, Luxottica and Google, who are setting the pace in their respective industries, will match up high-tech developers with fashion designers and eyewear professionals. In particular, the two Corporations will establish a team of experts devoted to working on the design, development, tooling and engineering of Glass products that straddle the line between high-fashion, lifestyle and innovative technology.

Luxottica added that the two major proprietary brands of the Group, Ray-Ban and Oakley who has a 10-year heritage in wearable technology that has evolved from MP3 to HUD devices, will be a part of the collaboration with Glass; however details about these new products will be disclosed at a later stage.

"We are thrilled to announce our partnership with Google, and are proud to be once again setting the pace in the eyewear industry, as we have been, with more than 50 years of excellence." Said Andrea Guerra, Chief Executive Officer of Luxottica Group.

"We live in a world where technological innovation has dramatically changed the way in which we communicate and interact in everything that we do. More importantly, we have come to a point where we now have both a technology push and a consumer pull for wearable technology products and applications. Seeing such a future, over the last years, Luxottica invested heavily in building-out our technology platforms and digital solutions to combine with our products excellence. We believe that a strategic partnership with a leading player like Google is the ideal platform for developing a new way forward in our industry and answering the evolving needs of consumers on a global scale. We believe it is high time to combine the unique expertise, deep knowledge and quality of our Group with the cutting edge technology expertise of Google and give birth to a new generation of revolutionary devices."

"Luxottica has built an impressive history over the last 50 years designing, manufacturing and distributing some of the most successful and well-known brands in eyewear today." Said Google Vice President and head of Google X Astro Teller. "We are thrilled to be partnering with them as we look to push Glass and the broader industry forward into the emerging smart eyewear market."

The first collection generated by this partnership will combine high-end technology with avant-garde design offering the best in style, quality and performance. These forward-thinking devices will be the result of a new and unique strategic approach reflecting attention to detail, uncompromising quality and technology nurtured in the global market. The sophistication and elegance of this new generation of products will be a dramatic step forward in an evolving category and elevate the consumer experience in this area.

 
FDA Clearance for Corneal Incisions with Victus PDF
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Companies
Wednesday, 05 March 2014

VictusBausch + Lomb's VICTUS® Femtosecond Laser Platform has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the creation of cuts/incisions in the cornea of patients undergoing cataract surgery or other ophthalmic treatment requiring cuts/incisions in the cornea. Corneal incisions can now be made in a wide variety of diameters, depths, angles and planes. With the new indication, virtually blade-free cataract surgery is now possible using the VICTUS Platform.

"This additional indication for the VICTUS® Femtosecond Laser Platform will allow surgeons to have even greater control and precision in making corneal incisions during cataract procedures, further supporting outstanding outcomes for their patients," said Y. Ralph Chu, M.D." For their part, patients appreciate the fact that our incisions are made with 'light' and not with a 'knife' potentially removing one more source of anxiety for the cataract patient."

The VICTUS Femtosecond Laser Platform is designed to support a comprehensive suite of cataract and corneal procedures in a single instrument. This new indication will function in concert with existing advanced proprietary features including an easy-to-use patient interface and real-time OCT imaging to optimize each cataract procedure being performed.

"As we continue to gain clearances for additional procedures, we approach the day when surgeons can harness the full, inherent functionality and versatility of the VICTUS Femtosecond Laser Platform for their cataract and refractive patients," said Calvin Roberts, M.D., Chief Medical Officer, Bausch + Lomb. "This innovative system was conceived as the backbone of the successful ophthalmic practice today -- and tomorrow -- and it represents Bausch + Lomb's unwavering commitment to offering the very finest in intraocular lenses, surgical instrumentation, and advanced procedures to our customers."

 
Essilor Acquires Coastal.com PDF
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Friday, 28 February 2014

Essilor International has announced that it has entered into a binding agreement to acquire all of the outstanding common stock of Coastal Contacts (Coastal.com), one of the world’s leading online vision care retailers. Based in Vancouver, British Columbia (Canada), Coastal.com is listed on the Toronto Stock Exchange and on NASDAQ and reported revenue of CAD 218 million for the fiscal year ended October 31, 2013. Founded in 2000, the company designs and distributes one of the widest online selections of optical equipment, including contact lenses, prescription and non-prescription eyeglasses, sunglasses and various accessories. Products are sold through several local websites covering mainly North America and Europe as well as the Asia-Pacific region and Brazil. The company has more than five million customers worldwide.

Commenting on the acquisition, Hubert Sagnières, Essilor’s chairman and Chief Executive Officer, said: "The Internet has an important role to play in helping us to fulfill four corporate mission of enabling people to enjoy a better life through better sight. The first step towards good visual health is a comprehensive eye examination. But in our industry, as in many others, the purchasing process is becoming more diversified. The Internet, if used properly, can help to drive market growth by educating consumers and making it more convenient for them to enjoy good visual health. With Coastal.com, Essilor is acquiring a recognized online vision care platform. Our commitment is to contribute to shape this distribution channel for the benefit of the entire industry as well as consumers."

Online sales account for roughly 4% of the global vision care market, which is estimated at some USD 100 billion based on retail prices. They are likely to continue growing at a double digit rate for the foreseeable future. Essilor has been involved in online distribution for several years through its subsidiaries FramesDirect and EyeBuyDirect and through MyOnlineOptical.

 
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