Lenskart has raises around $275 million (Rs 1,956 crore) from Softbank Vision Fund. The company will be using the funds to enhance its technology capabilities and strengthening its supply chain infrastructure.

Italian eyewear maker Safilo said on Wednesday it expected the loss of licences with luxury LVMH brands to wipe 200 million euros off its annual sales, sending its shares plunging almost 22 percent.

Lenskart managed to narrow its losses to Rs 28 crore ($4 million) for the financial year 2018-19, as against a net loss of Rs 188 crore it had reported in the fiscal year 2017-18.

John Galliano has renewed his contract as creative director of the house of Maison Margiela, in a vote of confidence in the controversial British designer by the brand's owner, Italian billionaire Renzo Rosso.

​Titan Ltd’s eyewear division Titan Eyeplus has collaborated with Skyfly to launch smart eyewear in the country as it looks to tap the tech-savvy consumers for future growth in the Indian market.

The investment firm owned by the boss of OTB and Diesel has announced it now holds a 51% stake in the Italian eyewear brand, in which it acquired a minority shareholding in 2017.

​Titan Ltd has signed Bollywood actor Ayushmann Khuranna as its new brand ambassador for its eyewear division to boost sales of its eyewear across categories.

After Sportmax, the Italian eyewear group has inked a licence deal for another label owned by the Max Mara group, Max&Co., whose collections Marcolin will manage worldwide for the 2020-2024 period.

Growing demand for vision correction should boost sales of Ray Bans and other eyeglasses, EssilorLuxottica said on Wednesday, with profits also driven by cost cuts of up to 600 millions euros a year from 2022. 

​Eyewear brand Scott has collaborated with Bollywood’s father-daughter duo Anil Kapoor and Sonam Kapoor Ahuja for their latest autumn/winter 2019 collection.

Eyewear brand Lenskart is in the process of raising Rs 392 crore ($58.92 million) from the Indian private equity business Kedaara Capital as part of a larger funding round by the business. 

Zara continues to be the group’s largest brand, while Stradivarius and Uterqüe are the fastest-growing formats. FashionNetwork.com takes an in depth look at brand performance and Inditex’s long-term vision.

Hugo Boss has agreed to renew its license agreement with Safilo until the end of 2025. The loss-making Italian eyewear maker lost the Dior license, one of its most lucrative deals, earlier this year.

SoftBank’s vision fund has advanced its talks with Lenskart as its proposed investment looks set to take the eyewear business’ valuation close to $1.5 billion (Rs 9,979 crore) and fuel its planned global expansion.

Snap Inc said Tuesday it will launch a new version of its Spectacles sunglasses that will have the capability of capturing photos and videos and uploading them directly to its unit Snapchat.

Alla Verber, Moscow’s most famous fashion buyer, noted Russian style icon and a towering figure in luxury retailing, has died suddenly in Italy. She was 61.