The eyewear industry is an enormous business with high margins. Globally, the French based company EssilorLuxottica dominates the market with roughly 30% of market share, garnering over €16 billion in revenue as of 2018 and valued at more than €61 billion in market capitalization. The company’s portfolio includes most well-known brands in the eyewear and fashion business like Bulgari, Coach, Chanel, and Oakley. The eyewear market is likely to grow further with the changing lifestyles in the internet era. According to 2019 Global Digital Reports from We Are Social and Hootsuite, Indonesians spend an average of 8.5 hours on internet screen time. This habitual high exposure to digital screens can have an impact on eye health, which benefits the industry.
Being raised in the family that is familiar with eyewear industry, James Hadisurjo, 25, is certainly aware of the business potential and how to carve the market. He is the grandson of Budi Purnomo from Melawai Group, founder of Optik Melawai — the biggest eyewear retail chains in Indonesia. James started Bridges Eyewear as part of the Melawai Group at the end of 2016 based on his observation that millennials and Generation Xers want fashionable eyewear but simply cannot afford the price tag. Affordable options are in short supply and knock-off branded designer eyewear is of questionable quality. Thus, the company’s philosophy is to bridge customers with high-quality pieces of eyewear without breaking their bank accounts.
Diese Geschichte stammt aus der March 2020-Ausgabe von Forbes Indonesia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 2020-Ausgabe von Forbes Indonesia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.