Annual growth in the global eyewear market is expected to be robust over the next five years. Shifting consumer megatrends, transforming market structures and technological innovations are key drivers of this growth. Particularly, aging is one of the most significant global demographic factors impacting eye care as the need for vision correction increases and becomes more complex as a person grows older. Additionally, increasing screen time especially among youngsters might cause more serious effects than previously thought, supporting the constant demand for preventive eye care.
industries
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Retail
Eyewear
— Statista
Revenue
Select Advertising M&A Transactions
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sold
Luxury Optical Holdings
retail — Eyewear
LOH is the largest luxury optical retailer in the United States, carrying on business primarily under the Morgenthal Frederics, Robert Marc, Salle Opticians, Georgetown Optician and Leonard Opticians retail banners. LOH has a network of 34 locations and a long-established presence in premium markets such as Manhattan, Los Angeles, Miami, Washington D.C., Atlanta, Chicago and Aspen.
Acquired by New Look Vision Group
sold
Safety Prescription Eyewear Business
retail — Eyewear
This safety prescription eyewear business is an industry leader with over 90 years' experience in North America and provides HOYA with a comprehensive line of frames, prescription lenses, and premium coating options in a custom-made solution, serviced by a network of eye care professionals.
Acquired by Hoya Vision Care
sold
Specs For Less
retail — Eyewear
Specs for Less has been in business in Delaware for over 20 years, providing excellent customer service at value prices, U.S. Vision's announcement noted. It has an extensive selection of branded frames and lenses to meet a variety of style preferences, prescription needs and budgets.
Acquired by U.S. Vision