MyOptique Group has been included in the prestigious Deloitte Technology Fast 500 EMEA 2015 list, a ranking of the 500 fastest growing technology companies in Europe, the Middle East and Africa.
To determine the fastest growing companies, the DTTL TMT (Deloitte Touche Tohmatsu Limited’s Technology, Media and Telecommunications) global industry group calculated the percent revenue growth over the past four years. Making this list for the second year running is a major accomplishment for MyOptique Group. It grew 243 per cent during the period.
The continued strong growth is attributed to many factors including a strong focus on innovation coupled with an unstinting commitment to offering customers value for money. MyOptique Group’s prescription eyewear business has seen growth of over 50 per cent in the last year, led by the launch of a €2.8 million (£2m) TV campaign in the UK for its Glasses Direct website and the success of its house brand frames like London Retro which have seen a 98 per cent increase year-on-year. Earlier this year Glasses Direct also pioneered the first 3D virtual mirror, Ditto, which won Most Outstanding Digital Experience at the Retail Week Customer Experience Awards. Value remains key to the Group’s proposition and to date the businesses in the Group have saved the public over €200 million (£141m).
“Making the Deloitte Technology Fast 500 EMEA ranking shows MyOptique Group’s commitment to innovation and pushing the industry forward,” said David Cobb, Deloitte UK and partner in charge of the Deloitte Technology Fast 500 EMEA programme. “With its 243 per cent growth rate over four years, MyOptique Group has proven that its leadership has the vision and determination to grow in a highly competitive market.”
Since the submission, MyOptique Group has extended its portfolio to include the leading German eyewear business 4Care; which sells prescription glasses, contact lenses and sunglasses through its website Lensbest.de, its wholesale operation Acumed and popular brands Lennox Eyewear and Lenscare; as well as the largest UK premium online eyewear business Eyewearbrands.com and premium brand Scarlett of Soho. They will ensure even greater sales growth for the coming year and join GlassesDirect.co.uk, Sunglasses-Shop.com, LensOn.com and Netzoptiker.de in the portfolio.
About Deloitte Technology Fast 500 EMEA
The Deloitte Technology Fast 500 EMEA programme is the region’s most objective industry ranking to focus on the technology field, recognising technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East and Africa (EMEA) during the past four years. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies – large, small, public and private – span a variety of industry sectors, and are leaders in hardware, software, communications, media, life sciences and clean technology.
The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by the Deloitte Touche Tohmatsu Limited’s Technology, Media and Telecommunications (TMT) global industry group. Co-sponsors include Eight Roads, a venture and growth capital investor which backs entrepreneurs with aspiration for greatness in the IT and clean technology sectors across Europe; Silicon Valley Bank, the premier bank for technology, life science, private equity and premium wine businesses; and Taylor Wessing, a leading international law firm with a focus on the industries of tomorrow. More information on the programme and prior year winners is available on www.deloitte.com/fast500emea.
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