News
{OCTOBER 2014}
Hot List
1
HOW WE WEB
October is CyberSecurty Awareness Month.
Do you know how secure your business’ data is? According to a National Small Business Study by the National Cyber Security Alliance, employees use the Internet for the following activities:
Customer Communication | 68% |
Research | 68% |
Communication w/Vendors | 50% |
Procurement | 23% |
Marketing | 36% |
Sales and Customer Relationship Management | 33% |
Financials and Accounting | 31% |
Managing Database | 18% |
Website Maintenance | 25% |
Social Networking for Company | 26% |
Blogging for Company | 12% |
Other | 16% |
2
TARGET PRACTICE
Small businesses have become bigger targets for cyber criminals because they have fewer defense resources than large enterprises. In a survey of small businesses
66%
say their business is dependent on the Internet for day-to-day activities
67%
say their business has become more dependent in the last year
77%
do not have a formal Internet security policy for employees
63%
do not have policies regarding how employees use social media
3
WASTING TIME
of employees visit non-work related websites every day at work
WHICH ONES?
Facebook 41%, LinkedIn 37%, Amazon 25%. 21% reported wasting up to 5 hours per week
Source: salary.com
4
STRAINING TO SEE
According to The Vision Council’s reports on the digital eye strain:
63% of adults don’t know that electronics such as computer screens emit high-energy visible (or blue) light
70% of adults experience some form of digital eye strain
41% of adults have never tried—or don’t know how—to reduce their digital eye strain
5
WE’RE NUMBER ONE!?
38.9% of data breaches due to cyber crime occur in the medical and healthcare industry. That’s the highest rate. The others?
35.1% Business
10.7% Educational
9.9% Government
5.3% Financial
Source: Go-Gulf.com
Mike Daley to Head The Vision Council
R. Michael (Mike) Daley has been chosen as the new CEO of The Vision Council, following the previously announced retirement of Ed Greene, who has led the organization for the past eight years.
An industry veteran, Daley began his optical career as an instructor with Ferris State University in 1975. After 34 years with Essilor, he retired in 2008 as the president and COO of the organization’s Lens Division. He serves as a board member or in a leadership position for a number of optical organizations including Optometry Cares—The American Optometric Association Foundation, Prevent Blindness, The Illinois College of Optometry Board of Trustees, and is past chairman of The Vision Council. In his current position, Daley serves as The Vision Council’s Optical Laboratory Division Liaison.
“I am incredibly honored to have the opportunity to work with The Vision Council in this capacity, and hope to continue the great work that has been done at the organization under Ed’s leadership,” Daley says. “I think that the industry is heading in a very exciting direction, and I’m looking forward to bringing a fresh perspective to the organization’s overall programs and services.”
Daley was chosen after an expansive candidate search by The Vision Council’s Board and a dedicated selection committee.
“Having served in several corporate and volunteer leadership positions throughout his career, we are confident Mike is uniquely positioned to understand the challenges and opportunities facing the industry today,” says Raanan Naftalovich, chairman of The Vision Council Board of Directors. “On behalf of the Board, I would like to thank Ed for his years of dedicated service to not only the organization, but to the industry as a whole.”
Under Greene’s leadership, The Vision Council has grown from just under 250 member companies to more than 750. He has overseen a complete rebranding of the organization, formerly known as the Vision Council of America (VCA), and extended consumer outreach for the industry beyond a simple vision exam reminder into what is now an expansive multi-channel marketing and advertising program promoting the entire spectrum of vision care products and services.
Mike Daley
Ed Greene
LUXOTTICA RESTRUCTURES, NAMES NEW CO-CEO
Enrico Cavatorta, new co-CEO
Luxottica Group has announced a new management structure based on a co-CEO model; one focused on markets and the other dedicated to corporate functions.
Andrea Guerra leaves as Group CEO after a 10-year period of organizational consolidation and managerial growth. In his stead, the co-CEO leadership structure will include Enrico Cavatorta, most recently general manager and CFO of the Group, as CEO of corporate functions. He was also named as interim CEO of markets, pending the appointment of a permanent executive to this position.
The search process for a CEO of markets is on-going. Operations, led by Massimo Vian, will temporarily report to Luxottica chairman Leonardo Del Vecchio. In addition, an executive committee led by Del Vecchio will be created to support the Group’s management during this new phase.
“Enrico Cavatorta ensures the promotion of internal managerial excellence and provides the necessary strategic continuity,” company representatives note. “At the same time, the forthcoming appointment of an external co-CEO will introduce fresh energy and expertise in an important phase of evolution for the Group.”
Del Vecchio notes: “I thank Andrea Guerra for the contribution he has made over the years to the growth of Luxottica.” And he adds: “At the end of this 10-year journey, the company is now ready to face up to a new chapter in its history thanks to a management team of great strength and experience. This new phase...will see the Group retain its strong focus on sales and profitability, and ensure it is ready to seize opportunities and face the challenges of the market.”
Guerra ends a decade-long tenure with Luxottica with settlements totaling more than 45 million euro, plus a non-compete agreement for two years, according to the company.
Cavatorta joined Luxottica in 1999 as CFO. He has served as general manager since 2011, and is a director of the principal subsidiaries of the company, including Lucottica U.S. Holdings Corp., Luxottica Retail North America, Inc., and Oakley, Inc.
Vision-Ease Lens Acquired By Equity Group
Vision-Ease Lens has been acquired by Wind Point Partners, a Chicago-based private equity investment firm. Details of the transaction were not disclosed. According to the lens company, the move will enable additional future growth.
“This recapitalization with Wind Point Partners will enable our long-term growth in some key areas, while continuing our excellence in day-to-day operations,” says Doug Hepper, president and CEO of Vision-Ease Lens. “The leadership team is investing alongside Wind Point to expand our business capabilities within and adjacent to our core competencies. We will also be able to devote more resources to global growth.”
According to the company, Wind Point Partners is a leading private equity firm investing with experienced management in well-positioned companies that have strong growth potential.
Vision-Ease Lens’s brands include LifeRx and ChangeRx photochromic lenses, SunRx and Coppertone polarized lenses, and Novel and Novella progressive lenses.
EXECUTIVE MANAGEMENT CHANGES AT ESSILOR
Several changes have been made in Essilor’s executive management. John Carrier has been appointed COO of Essilor, and will serve alongside current co-COOs Paul du Saillant and Laurent Vacherot. Carrier was previously CEO and president of Essilor of America. He will continue in his role as CEO, and will remain based out of the Dallas headquarters.
Taking over as president of Essilor of America is Eric Leonard. Leonard had been president of Essilor Europe for the past four years, and before that had held the positions of general manager of Essilor France and executive director of Transitions Optical. He joined Essilor in 2002.
In his new role, Carrier will continue to oversee Essilor of America but have an expanded role globally, including research and development, intellectual property, strategic marketing, and the Group’s e-business activity.
In other management changes: Real Goulet, previously president of Essilor Laboratories of America, becomes senior vice president, Rx sunwear for Essilor International.
Steve Nussbaumer has been named the new president of Essilor Laboratories of America. He most recently was head of Essilor UK. Before that, Nussbaumer oversaw Essilor of America’s retail division.
These changes were effective September 1.
John Carrier, new COO
On the Town
A who, where, and when of the industry’s latest events
FASHION WEEK AND BEYOND
G-Star Raw launched its Raw For The Oceans (RFTO) collection in New York, in an event with Pharrell Williams. The collection was presented in an abstract underwater world dressed with ocean projections and installations. Marchon produces G-Star Raw eyewear.
The second annual Kid’s Rock! Fashion Show featuring Spring 2015 fashion looks from Nike (including Nike by Marchon eyewear) and more featured a team of professional models and celebrity offspring strutting their stuff on this year’s children’s runway, to benefit Derek Jeter’s Turn2 Foundation. Celebrity kids featured in the show included: Amar’e Jr., Assata, and Are Stoudemire, the children of New York Knicks’ Amar’e Stoudemire and wife; Alexis Jalen Jeter-Martin, nephew of Derek Jeter; and more. Celebrity parents walked the red carpet to support their little ones.
Lacoste presented the Spring/Summer 2015 collection at The Theatre Mercedes-Benz Fashion Week at Lincoln Center in NYC. Classics updated for fresh and fun style were on the runway.
ANNIVERSARY PARTY
Safilo celebrated its 80th anniversary with an exclusive event held at the Peggy Guggenheim Collection in Venice. Many of Safilo’s partners and clients were in attendance, along with several Italian actors and international fashion editors. A unique installation was presented in the museum’s garden featuring video walls and styles from both the historic archive and the current collections.
Safilo’s CEO, Luisa Delgado, models a limited edition sunglasses model, inspired by those of the renowned art collector Peggy Guggenheim
Safilo and Kering Partnership Shifts
Kering, a global apparel and accessories group, and Safilo have agreed to evolve their 20-year-long partnership. The companies jointly intend to terminate the current Gucci license agreement two years in advance, by December 31, 2016, for which Safilo will be compensated 90 million euros.
They have agreed to establish a strategic product partnership agreement for four years, starting in January 2017, renewable upon mutual agreement. This agreement covers the product development, manufacturing, and supply of Gucci eyewear products by Safilo, and is subject to the signing of long-form agreements by the end of the year.
Shortly after announcing the new shift in its relationship with Safilo, Kering established the Kering Eyewear Group, which will control the future of the eyewear segments of its brands. The group—specializing in luxury, high-end, and sport eyewear, will be managed by a team of experienced professionals under the direction of Group CEO Roberto Vedovotto. Vedovotto previously served as managing director, and then CEO, of Safilo Group, leaving in October 2013. He has been with Kering since then.
The company reports that, through the Group, it will build its in-house luxury and sport & lifestyle eyewear expertise. Making up a business of about 350 million euros, the company claims a spot in the top five optical industry players. Currently, Kering has 11 eyewear brands, nine licensed and managed through relationships with five partners for about 50 million euros in royalties. The brands include: Gucci, Bottega Veneta, Saint Laurent, and Alexander McQueen, managed by Safilo; Stella McCartney, managed by Luxottica; and Puma managed by Charmant.
Moving into the future, Kering Eyewear will manage its own eyewear value chain “from design to product development and supply chain, and from branding and marketing to sales,” the company notes.
CORY TO HEAD SILHOUETTE
Jan Cory
Eyewear industry veteran Jan Cory has been named Silhouette’s president for the U.S. She succeeds Chris Juergens, who retires after 14 years of leadership serving the U.S. subsidiary.
Most recently, Cory was part of the senior leadership team for HVHC Inc., serving as the senior vice president of domestic sales, U.S. and Canada, for Viva International Group. Cory joined the optical industry in 1998 as vice president of department stores for Bausch + Lomb, whose sunglass business was later acquired by Luxottica. Cory was promoted in 2008 to vice president of optical independents and sun specialty.
“We are convinced that with Jan Cory we have a profound professional from the eyewear industry onboard who will help to fully exploit the enormous potential we see in the U.S. market,” says Daniel Rogger, CEO of Silhouette International.
Lens Processing...
When the question is “Where to turn,” the answer is simple!
lens processing can be a complex endeavor that is not without challenges. But for smaller optical shops or labs, even tiny challenges can be crippling. They can bring workflow to a halt and raise the question of who to turn to for help.
Thanks to the Lens Processing & Technology Division (LPT Division) of The Vision Council, that answer is simple. The division’s member companies are the technical experts and thought leaders on lens processing and technology, explains chairman Kevin Cross. These are the “go-to folks” and there’s nothing they enjoy more than putting their heads together and tackling a good challenge.
“The members of this division provide coating, surfacing, edging, measuring, and services technology—so there is no better group of experts,” Cross explains. “We put our company hats away and are there as a group whose main purpose is to support the industry and provide resources to optical shops, doctors, labs, wholesalers…anyone that needs help or has a question about lens processing.”
Cross says the LPT Division is available to provide expert opinion, advice, and guidance not only for large operations, but for smaller companies that don’t have staff to troubleshoot tough problems. “We are there to be a sounding board and a first line of defense when you don’t know who to ask,” Cross says. “You can call, tell us what you’re struggling with, and we can help you find a solution. We thrive on solving tough challenges.”
This isn’t about selling a product or a service, Cross adds. “We do this not only to help customers, but to service the industry as a whole. This is a free service of The Vision Council for the betterment of our industry.”
New Business Model for QSpex
QSpex Technologies has launched a new prescription eyewear service model that transforms lens production and delivery so that customers will receive finished eyewear in a fraction of the time compared to conventional industry methods.
In an interview with Eyecare Business, Brett Craig, president and CEO of QSpex, said the company has moved away from its previous business model of manufacturing the QSpex Lens System, an in-house lens casting system for ECPs. The new model involves lens production and finishing using a casting system similar to the old technology, but with significant structural differences. The goal is to create fully finished eyewear on demand and deliver it to the ECP within hours.
To do that, QSpex has established a community-based lens production and service center approach that provides fast turnaround times and personalized customer support. Through these new QSpex Optical Service Centers, customers will receive their finished eyewear on the same day it is ordered AND have their custom eyewear delivered to wherever they choose via QSpex’s fleet of branded Smart Cars.
“The QSpex Optical Service Centers will offer a complete range of state-of-the-art progressive and single vision lenses, utilizing a pioneering touchless transfer technology that provides a precise and unadulterated surface geometry,” says Craig. The methodology of lens fabrication remains the same: no-polish mold making and injection-compression molding that transfers the lens design and add-ons such as coatings and photochromics.
In the model, service center personnel will pick up the frames, fill the Rx, and deliver completely finished eyewear back to the ECP the same day.
Currently, the company is serving about 40 ECPs in the region surrounding its headquarters in Alpharetta, GA. Craig says the company plans to expand rapidly and open more centers, eventually offering the same local service nationwide.
More announcements are expected to from the company in the coming months regarding its expansion plans.
LICENSE LINEUP
Jonathan Adler and REM Eyewear have announced a five-year licensing agreement to produce women’s eyewear. Launching March 2015 at optical and department stores, the collection will include sunglasses, readers, and ophthalmic frames distributed globally.
Besides the eyewear, Adler’s assortment of fashion accessories includes handbags, scarves, wallets, men’s neckwear, and socks for men, women, and children.
Pulling design details from furniture, the eyewear will feature details such as circular temple tips branded “JA,” as well as custom acetate.
CHANGES AMONG HIGH-END FRAME COMPANIES
Robert Marc, Luxury Optical Holdings, Claire Goldsmith, and Ørgreen have all announced major shifts in ownerships and partnerships.
Luxury Optical Holdings Co. has acquired privately-held Robert Marc, including its eight Robert Marc retail stores located in New York City, and U.S. distributorship for Lunor, a German luxury eyewear brand.
Glenn Reisch, the president of Luxury Optical Holdings, says of the move: “Since our inception we have been focused on luxury retailing and developing our own Morgenthal Frederics brand of eyewear. The addition of Robert Marc gives us an unrivaled portfolio of luxury optical retail stores in New York City. And, equally important, the Robert Marc acquisition will expand our reach into the branded global wholesale market.”
With the acquisition, Luxury Optical Holdings operates 58 retail stores throughout the United States and its brands have distribution in more than 20 countries throughout the world. Robert Marc, founder of Robert Marc Eyewear, will join Luxury Optical Holdings as chief creative officer.
British eyewear brands Claire Goldsmith and Oliver Goldsmith Sunglasses, and Danish brand Ørgreen Optics, have designed a new partnership paradigm. Claire Goldsmith and Ørgreen will continue to operate from their respective headquarters in London and Copenhagen, and each company will retain its own brand name and identity, boosted by a strategic behind-the-scenes alliance.
Ørgreen is expected to take on a big brother role, sharing industry insights, resources, and distribution channels, whereas Claire Goldsmith and Oliver Goldsmith Sunglasses will move forward by applying the Goldsmith legacy to fresh, new innovative designs.
Reader Feedback
TO THE EDITOR:
Congratulations on a well-done issue (August, 2014). I will make more out of the articles in this issue than probably any other trade publication that I can remember (and that is a loooong time).
Great content all around! Looking forward to many more.
— Brad Main
Rochester Optical, education and training manager
GOT SOMETHING TO TELL US?
Send your comments to eyecarebusinesseditor@broadcastmed.com.
Puzzle
Our Aging Eyes
EMERGING PRESBYOPES
{WORD SEARCH}
Emerging presbyopes are patients experiencing the early signs of presbyopia which begins around the age of 40. This puzzle focuses on the symptoms experienced by early presbyopes and lens options available to correct this focusing challenge. To learn how you can reach this market, see page 48.
By Jenean Carlton, ABOC, NCLC
WORD BANK
Age Related
Bifocals
Blurred Vision
Books
Crystalline Lens
Elasticity
Emerging
Focusing Ability
Growth Opportunity
Inevitable
Lens Hardens
Magazines
Menus
Monovision
Multifocal Contacts
Near Vision
Options
OTC Readers
PAL Candidates
Pre-Presbyopia
Presbyopes
Presbyopia
Price Points
Progressives
Reading Glasses
Symptoms
Trifocals
{SOLUTION}
The answers to the September 2014 Word Search
POP QUIZ
The wavelengths of blue light most damaging to the macula are at about:
a) 520nm
b) 400nm
c)460nm
{FOR THE ANSWER, SEE P. 3 OF THE BLUE LIGHT SUPPLEMENT.}
FYI
News bits from the industry
{PEOPLE}
Matt Dorling has joined Inspecs USA as vice president of business development. He has been an optician in the UK, and worked for Zeiss and Transitions Optical.
Heather Suggitt has joined Vision Source Member Services as the social media and public relations manager. She previously was a marketing manager in the restaurant industry.
Visionix, Inc., announces the addition of longtime industry veteran Chad Stewart as vice president of sales for the new Visionix high-tech portfolio. Robert Wallner has also joined the high-tech sales division. He has a 32-year history in the industry.
Mondottica Ltd announces the appointment of Monica Dal Cin as the new international business development director. She will assume commercial responsibilities for the EMEA and Latin America regions (excluding the UK and France).
Marchon Eyewear announces the addition of Connie Lai as managing director, Asia Pacific. She will work out of the company’s Hong Kong office. Prior to joining Marchon, Lai was vice president of Timex Group for the Asia Pacific region covering key markets.
{BUSINESS UPDATES}
Essilor announces that Crizal Prevencia No-Glare and Crizal Prevencia Kids lenses are now available on managed vision care plans offered by VSP.
1. Matt Dorling, Inspecs USA;
2. Chad Stewart, Visionix, Inc.;
Santinelli International hosted its annual National Sales Meeting in Chicago around the theme “embracing advances, continuous improvement, and best practices.”
3. Heather Suggitt, Vison Source
The Santinelli International sales team in Chicago
Vision-Ease Lens hosted more than 150 industry professionals at its fifth annual VELA Forum in Punta Cana, Dominican Republic. The attendees came from 51 companies in 16 countries across North and Latin Americas for business education and training.
The American Optometric Association (AOA) reports its membership has reached a total of 39,000 as of the third quarter of 2014. The AOA now has 6,500 paraoptometric staff members; the number of student and O.D. members has remained stable.
{EDUCATION}
Optometry Cares—The AOA Foundation announces the following scholarships available: Bernard Maitenaz Scholarship, $10,000; Dr. Pat and Patrick Cummings Scholarship, $5,000; the InfantSEE Scholarship Grant, $5,000; Dr. Seymour Galina grant, $2,500.
INFO: aoafoundation.org
{AWARDS}
Emerging Vision franchisees from all over the country gathers at a Mexican resort for the company’s national meeting, which had the theme “Passion for Performance.” At the awards dinner, the following honorees were announced: Lisa Kharazzi, O.D., was named Doctor of the Year; Joel Mahepath and Lisa Adams-Mahepath, O.D., received Lifetime Achievement Awards; and Don Galle took home the top award of Store of the Year for the second year in a row.
Envision announces that Second Sight Medical Products, Inc., has received the Envision Oculus Award, and Janet Sunness, M.D., medical director of Richard E. Hoover Low Vision Rehabilitation Services at Greater Baltimore Medical Center received the Envision Award in Low Vision Research. The awards were given at the low vision organization’s 2014 Conference in Minneapolis.
{BUSINESS UPDATE}
Safilo Group has strengthened its presence in the Middle East markets with the opening of a locally incorporated company, fully owned by Safilo, in Dubai, UAE. The Safilo Middle East Free Zone Establishment (FZE) is at the Dubai Airport Free Zone.
{CORRECTION}
Allan Panzer, O.D.’s, name was inadvertently spelled incorrectly in our September issue.
We regret the error.