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Essilor
Essilor International is a French-based international ophthalmic optics company that designs, manufactures and markets lenses to correct or protect eyesight. Its headquarters is in Charenton-le-Pont (near Paris), France. It is the world's largest manufacturer of ophthalmic lenses. The firm is responsible for creating Varilux, the world's first progressive lens, which corrects presbyopia and allows clear vision in the wearer's near, intermediate and far vision. The company formed from the merger of ophthalmic firms ''Essel'' and ''Silor'' in 1972. In January 2017 Essilor announced a merger with Italian eyewear giant Luxottica. On 1 October 2018, the new holding company EssilorLuxottica was born, resulting in combined market capitalization of approximately €57 billion. History 1849–1972: Essel and Silor ''Essel'' (Société des Lunetteries) was founded in 1849 (then-called ''L'Association Fraternelle des Ouvriers Lunetteries'') as a small network of eyeglass assembly ...
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Hubert Sagnières
Hubert Sagnières, born on 10 May 1955 in Vienne, France, is a company executive of French and Canadian nationality. He was chairman and CEO of Essilor International from 2012 to 2018 and became executive vice-chairman of EssilorLuxottica while keeping his role of chairman of Essilor International when Essilor merged with Luxottica in 2018. Biography Academic background Hubert Sagnières graduated with a degree in Economics from Lille University and a master's degree from École Centrale de Lille and obtained an MBA from INSEAD. Professional debut In 1980, Hubert Sagnières moved to Tahiti in French Polynesia and joined Plastiserd LLC, eventually becoming the managing director. From 1986 to 1987 he then held the position of assistant general manager of Europe at Valois in Paris. In 1988, Hubert Sagnières became the chief executive officer of Homespace. Essilor Career at Essilor Hubert Sagnières joined Essilor in 1989 as president of International Marketing in the ...
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Luxottica
Luxottica Group S.p.A. is an Italian eyewear conglomerate and the world's largest company in the eyewear industry. It is based in Milan, Italy. Luxottica is a vertically integrated company, which has been described as a monopoly—it designs, manufactures, distributes, and retails its eyewear brands through companies such as LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Target Optical, and Glasses.com. It also owns EyeMed, one of the largest vision health insurance providers. Its best known brands are Costa, Ray-Ban, Persol, Oliver Peoples and Oakley. Luxottica's market power has allowed it to charge price markups of 1000%. Luxottica also makes sunglasses and prescription frames for designer brands such as Chanel, Prada, Giorgio Armani, Burberry, Versace, Dolce and Gabbana, Michael Kors, Coach, Miu Miu and Tory Burch. In January 2017, Luxottica announced a merger with Essilor. The combined entity would command more than one quarter of global value s ...
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EssilorLuxottica
EssilorLuxottica SA is a French vertically integrated multinational corporation based in Paris and founded on 1 October 2018 from the merger of the Italian Luxottica with the French Essilor. The group designs, produces and markets ophthalmic lenses, optical equipment, prescription glasses and sunglasses. The company has a portfolio of proprietary and licensed brands including Ray-Ban, Oakley, Michael Kors, Varilux, Crizal, Transitions and LensCrafters. EssilorLuxottica is currently a global leader in the design, production and sale of ophthalmic lenses and frames The company has €14.4 billion in revenues and €38.2 billion capitalization. The company is listed on the Euronext Paris stock exchange under the trading symboELand is part of the CAC 40 share index which includes the 40 largest capitalized companies traded on the Paris Stock Exchange and the Euro Stoxx 50 which includes the 50 largest companies in the Eurozone. Market dominance The company dominates the global ...
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Varilux
Varilux is a brand name belonging to Essilor International, a producer of corrective lenses. The first version of the lens was invented by Bernard Maitenaz and released in 1959, and was the first modern progressive lens to correct presbyopia. The progressive lens is characterized by correcting near, intermediate and far vision. History Previous attempts to create a progressive lens The first patent for a progressive lens was British Patent 15,735, granted to Own Aves with a 1907 priority date. Aves' patent included the progressive lens design and the manufacturing process. However this was unlike modern progressive lenses. It consisted of a conical back surface and a cylindrical front with opposing axes in order to create a power progression. This design was never commercialized. However, due to this patent, Essilor cannot technically be considered the creator of the first progressive lens. While there were several intermediate steps (H. Newbold appears to have designed a sim ...
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Clearly
Clearly is an online retailer of contact lenses, eyeglasses and sunglasses. The company was acquired by EssilorLuxottica Canada, and is headquartered in Vancouver, British Columbia. They are one of the largest online contact lens retailers in North America, and the largest seller of prescription eyeglasses online in the world.Harnish, Verne5 ways to get your business strategy right ''CNN Money''. April 6, 2011.Brohan, MarkGroupon helps Coastal Contacts build awareness--and sales--in the U.K. ''Internet Retailer''. March 3, 2011. History Founded in 2000 as Coastal Contacts by Roger Hardy and his sister Michaela Hardy, who bought the keyword "contact lens" from AltaVista, which meant that all searches for "contact lens" were accompanied with Coastal Contacts' banner ads.Mitra, SramanaBuilding A Niche E-Commerce powerhouse: Coastal Contacts CEO Roger Hardy ''Sramana Mitra''. November 12, 2010.Bitti, MaryClearly a Winning Strategy. ''Canadian Retailer''. August 1, 2009. In the fir ...
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Xiamen Yarui Optical
Xiamen Yarui Optical Co., Ltd (), doing business as Bolon ( and Molsion, is a Chinese eyewear manufacturer. The company is headquartered in Xiamen. Xiamen Yarui Optical is one of the world's largest eyeglasses manufacturers, and Bolon is China's largest eyewear brand. The company has expanded beyond its core market of China to Singapore and other markets in Asia and Europe. EssilorLuxottica EssilorLuxottica SA is a French vertically integrated multinational corporation based in Paris and founded on 1 October 2018 from the merger of the Italian Luxottica with the French Essilor. The group designs, produces and markets ophthalmic lens ... acquired a 50% stake in 2013. References External links *{{Official website, https://www.boloneyewear.com/ Chinese companies established in 2004 Eyewear companies of China Manufacturing companies based in Xiamen Optics manufacturing companies ...
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Vision Source
Vision Source is an optometric service network of independent optometrists headquartered in Kingwood, Houston, Texas Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ..., US. The company was founded by Glenn Ellisor, O.D. in 1991. Vision Source is considered a franchisor in accordance to franchise law, and its members are franchisees who own their respective practice. In 2015, Vision Source members reported a combined $2,511,500,000 in retail sales, professional services, and managed vision benefits, making them the second largest optical retailer in the U.S. for 2015, behind Luxottica. Optometrists pay Vision Source a fee based on the percentage of the practice's gross income. In exchange, Vision Source provides optometrists access to new technologies, practice management tools, ...
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Foster Grant
Foster Grant, or FosterGrant, is an American brand of eyewear founded by Sam Foster in 1919. The Foster Grant brand is a subsidiary company of FGX International, a consumer goods wholesaler with headquarters in Smithfield, Rhode Island, which has been owned by Essilor since 2010. History In 1919 in Leominster, Massachusetts, Sam Foster left his employer, the pioneering plastics manufacturer Viscoloid, to form his own plastics company in a former industrial laundry. In the 1850s, celluloid was invented as a substitute for substances such as ivory and tortoiseshell. One major use for the new substance was in the production of hair combs, and this was Foster's first major product. Foster Grant's original production line was ladies' hair accessories; over the company's lifetime, they have also produced other plastic materials, including heart-lung pumps. In 1931, Foster Grant purchased the first plastics injection molding machine to be imported from Europe, however the machine ...
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Corrective Lens
A corrective lens is a lens (i.e. a transmissive optical device) that is typically worn in front of the eye to improve daily vision. The most common use is to treat refractive errors: myopia, hypermetropia, astigmatism, and presbyopia. Glasses or "spectacles" are worn on the face a short distance in front of the eye. Contact lenses are worn directly on the surface of the eye. Intraocular lenses are surgically implanted most commonly after cataract removal but can be used for purely refractive purposes. Prescription of corrective lenses Corrective lenses are typically prescribed by an ophthalmologist or an optometrist. The prescription consists of all the specifications necessary to make the lens. Prescriptions typically include the power specifications of each lens (for each eye). Strengths are generally prescribed in quarter- diopter steps (0.25 D) because most people cannot generally distinguish between smaller increments (e.g., eighth-diopter steps / 0.125 D). ...
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Progressive Lens
Progressive lenses, also called multifocal lenses, progressive addition lenses (PAL), varifocal lenses, progressive power lenses, graduated prescription lenses, or progressive spectacle lenses are corrective lenses used in eyeglasses to correct presbyopia and other disorders of accommodation. They are characterised by a gradient of increasing lens power, added to the wearer's correction for the other refractive errors. The gradient starts at the wearer's distance prescription at the top of the lens and reaches a maximum addition power, or the full reading addition, at the bottom of the lens. The length of the progressive power gradient on the lens surface depends on the design of the lens, with a final addition power between 0.75 and 3.50 dioptres. The addition value prescribed depends on the level of presbyopia of the patient. In general the older the patient, the higher the addition. History The first patent for a PAL was British Patent 15,735, granted to Owen Aves with ...
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Ophthalmic Lens
A corrective lens is a lens (i.e. a transmissive optical device) that is typically worn in front of the eye to improve daily vision. The most common use is to treat refractive errors: myopia, hypermetropia, astigmatism, and presbyopia. Glasses or "spectacles" are worn on the face a short distance in front of the eye. Contact lenses are worn directly on the surface of the eye. Intraocular lenses are surgically implanted most commonly after cataract removal but can be used for purely refractive purposes. Prescription of corrective lenses Corrective lenses are typically prescribed by an ophthalmologist or an optometrist. The prescription consists of all the specifications necessary to make the lens. Prescriptions typically include the power specifications of each lens (for each eye). Strengths are generally prescribed in quarter-diopter steps (0.25 D) because most people cannot generally distinguish between smaller increments (e.g., eighth-diopter steps / 0.125 D). The ...
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Charenton-le-Pont
Charenton-le-Pont () is a commune in the southeastern suburbs of Paris, France. It is located from the centre of Paris, to the north of the confluence of the Seine and Marne rivers; the () part of the name refers to the stone bridge across the Marne. It is one of the most densely populated municipalities in Europe. The Charenton Psychiatric Hospital is located in the neighbouring commune Charenton-Saint-Maurice, which changed its name in 1842 to Saint Maurice. History A Bronze Age hoard of weapons was found in the river Seine at Charenton in the late nineteenth century. Comprising swords, axes, spearheads and other miscellaneous objects, it is now in the British Museum. Charenton was always a point of importance for the defence of the capital, and was frequently the scene of bloody conflicts. The fort of Charenton, located in Maisons-Alfort but intended to defend Charenton, is one of the older forts of the Paris defence. In the 16th and 17th centuries, Charenton was th ...
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