Inspecs Group, a leading eyewear specialist, has exceeded expectations and achieved significant growth in 2021, according to its latest trading update. The company, known for producing eyewear under license for popular brands like Superdry, Radley, and Ted Baker, reported a group revenue of $241 million, an impressive increase from the previous year’s $47.4 million.

To fuel its growth potential, Inspecs made strategic moves last year. It completed the acquisition of Swedish eyewear company Ego and German distributor BoDe Design, expanding its business portfolio. Furthermore, Inspecs acquired the intellectual property and trademarks of Hardy Amies worldwide, bolstering its brand offerings. In addition, the company launched a state-of-the-art lens manufacturing facility in Gloucester, England, starting production in December 2021.

Despite the challenges posed by the global pandemic and various restrictions, Inspecs’ main markets in Europe and America have shown resilience. The company remains positive about the optical market, as early indicators suggest that it continues to remain open, and current trading aligns with expectations for 2022.

Inspecs also highlighted the successful integration of its Eschenbach acquisition, which occurred in December 2020. The business delivered positive trading results in 2021, and the group anticipates further synergies from the acquisition throughout 2022. With the recent acquisitions of Ego and BoDe Design, Inspecs aims to strengthen its brand portfolio and expand its product distribution worldwide.

In Asia, Inspecs’ factories maintained production throughout most of 2021, despite disruptions in the supply chain and Covid-19 restrictions. The company’s new manufacturing facility in Vietnam is now fully operational, and plans for a third facility in the country are underway.

Looking ahead, Inspecs remains optimistic about its trading outlook for 2022. The company believes that its recent acquisitions, coupled with multiple growth opportunities across the globe, will drive further expansion. Inspecs aims to release its full-year results in May, offering a comprehensive overview of its financial performance and future plans.

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