Inspecs news and archive

Eyewear player Inspecs reports revenue decline

Inspecs Group, a designer, manufacturer, and distributor of eyewear reported a revenue decline of 7.3 percent to 103 million pounds. On a constant exchange basis, revenue decreased by 5.2 percent to 105.4 million pounds. Gross profit for the period improved by 100 basis points to 52.4 percent, while underlying EBITDA decreased to 10.1 million...

Business

Inspecs revenue remains flat amid period of ‘softer trading’

Eyewear design and manufacturer Inspecs Group has published a trading update for the year ended 31 December 2023, in which it said it had experienced “softer trading” resulting in financial performance below market expectations. While the group said that it still expected to report a 16.1 percent increase in unaudited adjusted underlying EBITDA...

Business

Inspecs appoints two new non-exec directors and CEO to strengthen board

Eyewear manufacture Inspecs Group has announced the appointment of two new non-executive directors, Shaun Smith and Hugo Adams, and a new CEO, Richard Peck, effective today, in a bid to strengthen its board and assist in the delivery of its strategic goals. Smith has previously served in CFO roles at Norcros and Aga Rangemaster Group, where he...

Business

Inspecs Group acquires Ego Eyewear

Bath-based group Inspecs has completed the 100 percent acquisition of Ego Eyewear Limited, a design and licensing company for premium fashion brands. Agreed upon for an initial consideration of 6.175 million pounds, the acquisition will also include Ego’s operating subsidiaries and design houses in Sweden and Hong Kong. The company uses...