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HTC bets its open AI strategy to drive smartglasses sales

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December 22, 2025

Taiwan’s HTC is betting its open platform strategy will allow it to build market share in the fast-growing smartglasses industry, as its newly launched AI-powered eyewear lets wearers choose which AI model they want to use, its executive said.

HTC’s VIVE Eagle AI smart glasses, launched in August, are displayed at the company’s headquarters, in Xindian, New Taipei City, Taiwan December 17, 2025 – Reuters/Wen-Yee Lee

“AI is advancing very fast, and large language model developers are engaged in an arms race that requires massive resources,” Charles Huang, senior vice president of global sales and marketing at HTC, told Reuters in an interview. “We want to leverage the strengths ⁠of different platforms instead of building a closed ecosystem.”

Its VIVE Eagle smartglasses support multiple AI platforms including Google’s Gemini and OpenAI, allowing users to benefit from improvements across ⁠various models, Huang said. By contrast, Meta’s smartglasses are supported by Meta AI, while Chinese smartglasses from brands such as Xiaomi and Alibaba are built around domestically developed AI models.

HTC launched the VIVE model, priced at HK$3,988 ($512), earlier this month in Hong Kong. It ‍plans to expand ‌sales to Japan and Southeast Asia in the first quarter of next year and to Europe ⁠and the US later in 2026.

Huang ‌said the Asia-first strategy reflects regional design considerations, noting that many smartglasses on the ‌market were built around a “Western fit” that might not suit Asian wearers. Asked whether the Hong Kong launch was a step towards entering China, Huang said China’s market was more complex, as foreign AI services were restricted and local data regulations required standalone servers within the country. “With all these requirements in place, ‍we need to be cautious and it will take some time to prepare,” he said.

Global shipments of smartglasses soared 110% in the first half of this year, with Meta taking 73% of the market, according ‌to research firm Counterpoint. Meta ⁠and ​partner EssilorLuxottica‘s “smart” Ray-Bans and Oakleys, which first launched in 2023, have captured the ⁠tech world’s attention ​by answering calls, taking pictures and playing music.

Analysts, however, have warned that privacy could become a growing concern. Meta, which owns Facebook, Instagram, and WhatsApp, is leveraging user data to power AI tools, a ​move that has drawn scrutiny over data practices. Huang added that user data was not used to train HTC’s AI models, and that it considered privacy and data ⁠security key differentiators from its rivals.

The launch of the VIVE ⁠AI smartglasses marks a renewed push by HTC into consumer-facing hardware, after it sold part of its extended reality headset and glasses unit to Google for $250 million earlier this year. 

© Thomson Reuters 2025 All rights reserved.



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Pierre Cardin renews global eyewear licence with Safilo

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December 22, 2025

Italian eyewear group Safilo has renewed its global licence for the design, production, and distribution of the optical and sunglasses collections of the historic Parisian fashion house Pierre Cardin. The renewal runs until 2031 and confirms the strength of the collaboration between the two groups, whose partnership began in 1991 with the launch of the first Pierre Cardin-branded eyewear collection.

Pierre Cardin eyewear, 2025 collection.

Founded by Pierre Cardin in 1950, the fashion house, whose headquarters are at 59 rue du Faubourg Saint-Honoré in the 8th arrondissement of Paris, is now led by Rodrigo Basilicati Cardin, the couturier’s great-nephew, who safeguards its DNA while renewing it with a contemporary vision.

“For decades, our relationship has been founded on mutual trust and respect, qualities that enable us to realise exclusive, high-quality creative projects with exceptionally fast turnaround times compared with the norm, thanks to Safilo’s savoir-faire and professionalism,” said Rodrigo Basilicati Cardin, CEO of Pierre Cardin. “Indeed, the creations we have developed together are highly appreciated all over the world, starting with those in the Evolution line.”

Angelo Trocchia, CEO of Safilo Group, spoke of strengthening “our shared commitment to elevating the Pierre Cardin brand in the eyewear world, with a particular focus on optical frames. For Safilo, Pierre Cardin remains an important partner, thanks to its distinctive market position, innovative design and clearly defined target audience.”

Pierre Cardin, 'Evolution 11 Wave' eyewear
Pierre Cardin, “Evolution 11 Wave” eyewear

For more than 90 years, Safilo (whose net sales in 2024 totalled €993.2 million) has designed, manufactured, and distributed sunglasses, optical frames, helmets, goggles and outdoor eyewear. Safilo’s business model enables it to oversee the entire production and distribution chain: from research and development, with design studios in Padua, Milan, New York, Hong Kong, and Portland, and digital hubs in Padua and Portland, through to production at its own factories and with qualified manufacturing partners.

Distribution is carried out directly in 40 countries and through a network of more than 40 partners in a further 70 nations, reaching approximately 100,000 points of sale worldwide, including opticians, optometrists, ophthalmologists, retail chains, department stores, specialist retailers, boutiques, duty-free, and sports stores. The Padua-based eyewear group directly owns six brands (Carrera, Polaroid, Smith, Blenders, Privé Revaux, and Seventh Street), while it currently has 24 brands under licence.

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West End events and store initiatives boost November/December shopper visits

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December 22, 2025

Super Saturday may not have been that super footfall-wise across the UK, but the West End of London has been seeing strong footfall in recent weeks.

Photo: Pexels/Public domain

The New West End Company (NWEC) told the BBC that central London has diverged from the national trend with footfall up 9% in the seven days before Black Friday week, while in the week itself it was up 4.1%. The week that kicked off with Cyber Monday also saw a 6.1% footfall rise.

Meanwhile the 6-7 December weekend was also “busy” as Regent Street was temporarily closed to traffic and Oxford Street hosted live performances.

Those two events saw significant footfall rises. Regent Street’s pedestrianisation, for instance, saw footfall rising 33.7% year on year and the live performances on Oxford Street saw it up 25.1%.

“Both events featured on-street festive activations and in-store offers and experiences, drawing crowds and causing footfall to surge by nearly a third across the weekend,” a spokesperson told the news organisation.

NWEC also told the BBC that it has been seeing “real momentum” overall during the period.

Its statements come as retailers in the area pull out all the stops to attract more people through their doors. Significant moves includes the Disney takeover at Selfridges; John Lewis opening its temporary VIP members lounge in its flagship; last weekend’s special appearance by Lewis Hamilton at Lululemon’s Regent Street store; Penhaligon’s upgraded reopening; the latest Michael Kors opening; and multiple events and debuts on Bond Street, Carnaby Street and beyond.

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Coty appoints former Procter & Gamble executive Markus Strobel as interim chief executive

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AFP

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December 22, 2025

US cosmetics group Coty announced on Monday that it has appointed Markus Strobel as interim chief executive officer, effective January 1.

Markus Strobel – Coty

Markus Strobel, who spent 33 years of his career at Procter & Gamble, will take the reins at Coty “at a pivotal moment for the company,” according to a press release by Coty, “as a strategic review of the consumer beauty business is underway.”

Markus Strobel succeeds both Peter Harf, who will retire from Coty’s Board of Directors after more than thirty years of service, and Sue Nabi, who will step down as CEO after a five-year term, the release said.

“Harf’s leadership has helped shape Coty into a global beauty leader, while Nabi has overseen the launch of several major hit fragrances, including Burberry Goddess, and significantly reduced Coty’s net financial leverage,” the release said. “Both leave Coty on a solid footing for future profitable growth,” it added.

On the Paris stock exchange, Coty’s shares were down 5.54% at €2.65, while the wider market was 0.21% lower at around 09:40. Since the start of the year, the stock has fallen by more than 50%.

“I’m delighted to be joining Coty at this key moment. Building on Coty’s solid foundations, I see considerable potential to accelerate growth,” said Markus Strobel.

In September, Coty announced the launch of a strategic review of its consumer cosmetics division, with the aim of refocusing on perfumery by bringing together the “prestige” and “consumer” fragrance divisions.

But Coty is on the verge of losing the Gucci licence, as luxury group Kering, owner of the Italian brand, has sold its beauty division to the world’s leading cosmetics company, French group L’Oréal.

The group fell into the red in the 2024/25 financial year (which ended in late June) with a net loss of $381 million, compared with a net profit of $76 million a year earlier. Sales fell by 4% to $5.9 billion.

In the first quarter of the 2025/26 financial year, results were down, with net profit falling 19% to $64.6 million and sales down 6% to $1.58 billion.
 

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