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EssilorLuxottica Expands Med-tech Strategy With Acquisition of Ophthalmology Platform Optegra
EssilorLuxottica Expands Med-tech Strategy With Acquisition of Ophthalmology Platform Optegra

Yahoo

time30-05-2025

  • Business
  • Yahoo

EssilorLuxottica Expands Med-tech Strategy With Acquisition of Ophthalmology Platform Optegra

MILAN — EssilorLuxottica is making another acquisition in the med-tech segment. The eyewear giant said Friday it has entered into an agreement with European private equity investor MidEuropa to buy ophthalmology platform Optegra, which operates in the U.K., Czech Republic, Poland, Slovakia and the Netherlands. More from WWD Italian Fashion Associations Sign Protocol to Combat Worker Exploitation in Supply Chain The Future's in Your Frames: Smart Glasses by Even Realities Make '80s Sci-fi Predictions Real Giorgio Armani Mare Embarks on a Journey to Favorite Summer Destinations Francesco Milleri, chairman and chief executive officer, and Paul du Saillant, deputy CEO at EssilorLuxottica, said in a joint statement that with this acquisition, the company is 'stepping into a new frontier — one where comprehensive eye care, advanced diagnostics, therapeutic interventions and surgical treatments come together in one seamless platform.' EssilorLuxottica, they said, has 'the strategic assets to fuel this vision: an extensive distribution network with new clinical approaches, a smart eyewear offering with health care potential, and diagnostic capabilities that will be able to detect conditions ranging from neurodegenerative diseases to cardiovascular dysfunction.' This is a further step into EssilorLuxottica's med-tech strategy. In addition to frames and lenses, the group's offer today includes AI-powered innovative technologies, wearables, medical instruments and science-backed eye care solutions. 'Optegra and its experienced doctors will bring new medical capabilities to our group, enabling us to address patients' needs with the most advanced vision care technologies and treatments in one trusted system that will anchor our med-tech aspirations. Powered by our growing AI and big data capabilities, we will be able to broaden our impact and deliver the most personalized and seamless patient journey,' concluded Milleri and du Saillant. The Optegra group, under the Optegra, Lexum and Iris brands, operates an extensive network of over 70 eye hospitals and diagnostic facilities across Europe. The treatments and procedures supported by AI in pre- and post-op stages include sight-saving cataract surgery, age-related macular degeneration and glaucoma treatments, refractive lens replacement and laser eye surgery, serving both publicly reimbursed and private-pay patients. Dr. Peter Byloos, CEO of Optegra Eye Health Care, touted EssilorLuxottica's leadership and said the partnership 'not only accelerates our growth potential but also enhances our ability to deliver advanced, digital and integrated eye care solutions to all our patients.' EssilorLuxottica was assisted by Rothschild & Co in the transaction, which is expected to close later in 2025 pending regulatory approvals. Robert Knorr, managing partner at MidEuropa said that, after accelerating Optegra's expansion, opening new clinics, and invested in its 'its digitalization, implementation of AI technologies, and broader mission to expand access to high-quality eye care,' he believes EssilorLuxottica 'is the ideal partner to lead Optegra into its next phase of growth and innovation.' EssilorLuxottica has been ramping up its tech capabilities through several acquisitions. After introducing last year its Nuance Audio brand, a convergence of eyewear and hearing aid devices, the group in January took over Pulse Audition, a French start-up that specializes in AI-powered noise reduction and voice sound enhancement to scale up its Nuance Audio's technology. The group established the dedicated Super Audio division in the summer of 2022 and finalized the acquisition six months later of Israeli company Nuance Hearing. In mid-December, it revealed the acquisition of the Italy-based Espansione Group, which specializes in the design and manufacturing of noninvasive medical devices, protected by international patents for the diagnosis and treatment of dry-eye, ocular surface and retinal diseases. This followed the deal last July to acquire an 80 percent stake in Heidelberg Engineering, a German company that is a specialist in diagnostic solutions, digital surgical technologies and health care IT for clinical ophthalmology. EssilorLuxottica in 2024 reported revenues of 26.5 billion euros. In addition to its own brands ranging from Ray-Ban and Oakley to Persol, the group produces and distributes eyewear for brands spanning from Giorgio Armani, Brunello Cucinelli and Burberry to Chanel, Michael Kors, Moncler, Prada and Ralph Lauren to name a few. Best of WWD Lexxola Launches New Style: The Neo Chrome Hearts Debuts High-performance Ski Goggles Marchon and Lacoste Extend Eyewear Licensing Agreement Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Giorgio Armani opens new boutique in Capri
Giorgio Armani opens new boutique in Capri

Fashion Network

time26-05-2025

  • Fashion Network

Giorgio Armani opens new boutique in Capri

The Armani Group has opened a new Giorgio Armani boutique in Capri, marking its return to the designer's beloved island and international tourist destination. Located at 63 Via Camerelle, a famed promenade, the boutique is set at the foot of the historic Villa Pompeiana, a landmark dating back to 1879. Spanning a single floor and divided into three rooms, the boutique is designed to evoke the atmosphere of seaside destinations. Vaulted ceilings and walls covered in wallpaper embellished with the iconic palm motif in shades of blue and gold characterize the space, while the sand coloured oak flooring and rope details in the furnishings serve as distinctive signatures of the Giorgio Armani Mare resort boutiques and pop-ups. Completing the space are platinum-hued metal tables and fabric-covered seating in the Armani/Casa palm pattern, paired with lamps and woven baskets. The store houses the men's and women's collections of clothing, accessories, eyewear, fine jewellery, and Giorgio Armani 11 watches, showcased in light oak display units. Last Summer, the brand hosted a Giorgio Armani Mare tour with stops in Trani, Italy, Porto Cervo, Sardinia, and Forte Dei Marmi, Tuscany, among other destinations.

Giorgio Armani opens new boutique in Capri
Giorgio Armani opens new boutique in Capri

Fashion Network

time19-05-2025

  • Fashion Network

Giorgio Armani opens new boutique in Capri

The Armani Group has opened a new Giorgio Armani boutique in Capri, marking its return to the designer's beloved island and international tourist destination. Located at 63 Via Camerelle, a famed promenade, the boutique is set at the foot of the historic Villa Pompeiana, a landmark dating back to 1879. Spanning a single floor and divided into three rooms, the boutique is designed to evoke the atmosphere of seaside destinations. Vaulted ceilings and walls covered in wallpaper embellished with the iconic palm motif in shades of blue and gold characterize the space, while the sand coloured oak flooring and rope details in the furnishings serve as distinctive signatures of the Giorgio Armani Mare resort boutiques and pop-ups. Completing the space are platinum-hued metal tables and fabric-covered seating in the Armani/Casa palm pattern, paired with lamps and woven baskets. The store houses the men's and women's collections of clothing, accessories, eyewear, fine jewellery, and Giorgio Armani 11 watches, showcased in light oak display units. Last Summer, the brand hosted a Giorgio Armani Mare tour with stops in Trani, Italy, Porto Cervo, Sardinia, and Forte Dei Marmi, Tuscany, among other destinations.

Giorgio Armani opens new boutique in Capri
Giorgio Armani opens new boutique in Capri

Fashion Network

time19-05-2025

  • Fashion Network

Giorgio Armani opens new boutique in Capri

The Armani Group has opened a new Giorgio Armani boutique in Capri, marking its return to the designer's beloved island and international tourist destination. Located at 63 Via Camerelle, a famed promenade, the boutique is set at the foot of the historic Villa Pompeiana, a landmark dating back to 1879. Spanning a single floor and divided into three rooms, the boutique is designed to evoke the atmosphere of seaside destinations. Vaulted ceilings and walls covered in wallpaper embellished with the iconic palm motif in shades of blue and gold characterize the space, while the sand coloured oak flooring and rope details in the furnishings serve as distinctive signatures of the Giorgio Armani Mare resort boutiques and pop-ups. Completing the space are platinum-hued metal tables and fabric-covered seating in the Armani/Casa palm pattern, paired with lamps and woven baskets. The store houses the men's and women's collections of clothing, accessories, eyewear, fine jewellery, and Giorgio Armani 11 watches, showcased in light oak display units. Last Summer, the brand hosted a Giorgio Armani Mare tour with stops in Trani, Italy, Porto Cervo, Sardinia, and Forte Dei Marmi, Tuscany, among other destinations.

Giorgio Armani opens new boutique in Capri
Giorgio Armani opens new boutique in Capri

Fashion Network

time19-05-2025

  • Fashion Network

Giorgio Armani opens new boutique in Capri

The Armani Group has opened a new Giorgio Armani boutique in Capri, marking its return to the designer's beloved island and international tourist destination. Located at 63 Via Camerelle, a famed promenade, the boutique is set at the foot of the historic Villa Pompeiana, a landmark dating back to 1879. Spanning a single floor and divided into three rooms, the boutique is designed to evoke the atmosphere of seaside destinations. Vaulted ceilings and walls covered in wallpaper embellished with the iconic palm motif in shades of blue and gold characterize the space, while the sand coloured oak flooring and rope details in the furnishings serve as distinctive signatures of the Giorgio Armani Mare resort boutiques and pop-ups. Completing the space are platinum-hued metal tables and fabric-covered seating in the Armani/Casa palm pattern, paired with lamps and woven baskets. The store houses the men's and women's collections of clothing, accessories, eyewear, fine jewellery, and Giorgio Armani 11 watches, showcased in light oak display units. Last Summer, the brand hosted a Giorgio Armani Mare tour with stops in Trani, Italy, Porto Cervo, Sardinia, and Forte Dei Marmi, Tuscany, among other destinations.

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