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October 25, 2017 |
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MINNETONKA, Minn.—People enrolled in UnitedHealthcare employer-sponsored and individual vision plans can access Warby Parker’s designer prescription eyewear, online or at any of the more than 50 stores nationwide, beginning in 2018. This marks the first time Warby Parker is accepting vision insurance and will enable millions of people to purchase prescription eyewear for only their copay. “Warby Parker is constantly exploring new ways to provide people access to affordable, high-quality and fashionable eyewear,” said Dave Gilboa Read More |
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| BRUSSELS—The European Commission announced today that it has opened an in-depth investigation to assess the proposed merger between Essilor and Luxottica under the EU Merger Regulation. The Commission released a statement saying it has concerns that the merger may reduce competition for ophthalmic lenses, and will further investigate effects on eyewear. “Half of Europeans wear glasses and almost all of us will need vision correction one day. Therefore we need to carefully assess whether the Read More
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| NEW YORK—Amazon.com is eyeing a move into the smart glasses market. The online retail and technology giant is developing its first wearable device, a pair of “smart glasses,” the Financial Times reported on Wednesday. The device, designed like a conventional pair of spectacles, will let Amazon's digital assistant Alexa to be summoned anytime at all places, the report said, citing people familiar with the plans. A bone-conduction audio system in the device would let the Read More
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| LUXEMBOURG—Citing a strong growth year, domestically and internationally, Gold & Wood founder, Maurice Leonard, has joined forces with eyewear designer Alain Miklitarian, creator of the international Alain Mikli brand, to join the Gold & Wood team. Miklitarian will take the position of artistic director with the company effective with the upcoming Silmo exhibition, to be held Oct.6 to 9 in Paris. Leonard said he wanted to “capture the momentum and change the trajectory for the Read More
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| DUBLIN— Allergan plc (NYSE: AGN) has authorized a new $2 billion share repurchase program and affirmed its commitment to increase its cash dividend for shareholders as part of a capital allocation strategy, according to an announcement earlier this week. Allergan also reaffirmed its commitment to pay down $3.75 billion of debt in 2018, which the company said represents its commitment to maintaining investment-grade credit ratings, according to the announcement. “These actions reflect the company's conviction Read More
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| ALEXANDRIA, Va.— No one can predict the future. There is no crystal ball that holds all of the answers, and no roadmap showing what direction the industry will follow in five, 10 or 20 years. We don’t have all of the solutions. What we do have, is the collective insight of industry leaders. If you are a leader in the eyecare industry, there are a myriad of reasons why you should join fellow industry executives Read More
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 This may sound patronizing, but that’s sincerely not the goal here. Here’s the big statement: It would seem that eyecare professionals, who haven’t done so already, really, really need to rethink their attitude toward embracing new digital technology in their practice. Fast. Like now. Before next year.
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—Marge Axelrad
Senior VP, Editorial Director, Vision Monday
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The total U.S. market for vision care products and services was up in all categories for the twelve-month period ending June 2015, according to the latest statistics available from The Vision Council’s VisionWatch report. As the chart indicates, lenses grew by the largest percentage (up 8.5 percent), followed by over-the-counter readers (up 6.2 percent) and frames (up 5.7 percent). Read More
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About This Post: Reade Fahs, CEO, National Vision, with the team as they push the NASDAQ opening bell on Thursday to begin the stock's trading on the exchange. The company’s oversubscribed IPO raised $347.6 million.
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