Luxottica and Essilor Merger to Create by Far the Largest Entity in Eyewear

by February 5th, 2017

Italian spectacle frame maker, Luxottica Group SpA, and French spectacle lens manufacturer, Essilor International SA, have agreed to merge and the new group will be known as Essilor-Luxottica. While the two companies lead their respective categories, the deal will create by far the largest entity in the global eyewear market. Here are some of the […]

Impact of Snap Inc.’s Foray into the USD18 Billion Sunglasses Market

by December 27th, 2016

Snap Inc’s entry into the USD18 billion sunglasses market is primarily motivated by the instant messaging company’s need to differentiate itself from other competitors, like Instagram and Whatsapp. Spectacles (the name of its sunglasses) is priced at near cost to encourage take-up rates as well as to propagate continued usage of Snapchat, in an environment where […]

Introduction to Euromonitor Quarterly Global FMCG Industry Forecasts

by and October 19th, 2016

In Q3 2016, the global economic outlook declined as mounting uncertainty in Europe, the UK and the US outweighed any boost from the BRICs. This quarter, fast moving consumer goods (FMCG) forecast growth revisions from Euromonitor International’s Industry Forecast Model generally point to marginal retail sales downgrades through 2020.

Key Trends in Eyewear for 2016

by July 22nd, 2016

  2016 is a slow year for the eyewear industry due to the weakening currency against the US dollar and poor performance in Eastern Europe and Latin America. However, more competition is expected this year due to sunglasses and spectacles becoming lifestyle accessories. With this trend, eyewear retailers are now offering products at lower price […]

Highlights for Eyewear in 2016

by July 16th, 2016

The global eyewear industry is expected to be worth US$120.0 billion in 2016, with slow growth of 1% from the previous year. This is primarily due to weakening currencies against US dollar, resulting in poor performance in Eastern Europe and Latin America, affecting the global market. Nevertheless, the outlook for eyewear remains bright, with growing […]