Editing OPSM

{{short description|Australian eyeglass retailer owned by EssilorLuxottica}}
{{Use dmy dates|date=July 2019}}
{{Infobox company
| name = 
| type = [[Public company|Public]]
| traded_as = {{ASX|OPS}}
| logo = OPSM 2020 Logo Grey.png
| former_name = 
| industry = 
| foundation = {{sda|1932}}
| founder = 
| defunct = 
| location_city = [[North Sydney, New South Wales|North Sydney]]
| location_country = Australia
| area_served = Australia, New Zealand
| key_people = 
| products = 
| production = 
| services = 
| revenue = 
| revenue_year = 
| operating_income = 
| income_year = 
| net_income = 
| net_income_year = 
| num_employees = 
| owner = [[EssilorLuxottica]]
| divisions = Budget Eyewear<br>[[Laubman & Pank]]<br>OPSM<br>Ray-Ban Optical
| subsid = 
| homepage = {{Official URL}}
}}

'''OPSM''' (Optical Prescription Spectacle Makers) is a retailer of [[eye glasses]] in Australia and New Zealand, with locations in [[Hong Kong]], [[Singapore]], and Malaysia. It is owned by [[Luxottica|EssilorLuxottica]], a French-Italian eyewear conglomerate.

OPSM's CEO since October 2020 is Matteo Accornero.

==History==
OPSM was founded in Sydney in 1932, and was floated on the [[Australian Securities Exchange]] in 1962.<ref>[https://www.opsm.com.au/about-us/our-story Our Story] OPSM</ref> In May 2001, OPSM sold its Protector Safety Supply Group to [[Howard Smith Limited|Howard Smith]].<ref>[https://web.archive.org/web/20210916224115/https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=text&issuerId=964&announcementId=703849&documentDate=2001-05-21&documentNumber=235425 To Acquire Protector Safety Supply Group for $60m] [[Howard Smith Limited|Howard Smith]] 21 May 2001</ref> [[Luxottica]] acquired a controlling interest in 2003 and in February 2005, OPSM was delisted from the [[Australian Securities Exchange]].<ref>[https://web.archive.org/web/20131113182532/http://www.luxottica.com/en/luxottica-group-reaches-985-percent-holding-opsm-group-starts-compulsory-acquisition-remaining Luxottica Group reaches 98.5 percent holding in OPSM Group, starts compulsory acquisition of all remaining shares] [[Luxottica]]</ref><ref>{{cite news|url=https://www.afr.com/companies/luxottica-sees-a-bargain-in-opsm-20030503-j70c1|title= Luxottica sees a bargain in OPSM |date=3 May 2003|accessdate=10 May 2020|newspaper=[[Australian Financial Review]]|first=Brett|last=Clegg}}</ref><ref>[https://www.asx.com.au/asxpdf/20050215/pdf/3pr0j9b863th5.pdf Suspension and Removal from Official Quotation] [[Australian Securities Exchange]] 13 February 2005</ref>

In 2010, OPSM opened the Eye Hub concept store in the Melbourne suburb of [[Hawthorn, Victoria|Hawthorn]], blending [[optometry]] and [[ophthalmology]] into one practice.<ref>{{cite web |title=Luxottica eyes augmented growth |url=http://www.executivestyle.com.au/luxottica-eyes-augmented-growth-10jyj |website=Executive Style |accessdate=4 April 2020}}</ref> As to 2018, it operated 330 stores and 41 franchises.<ref>[https://www.luxottica.com/sites/luxottica.com/files/luxottica_group_relazione_finanziaria_annuale_2018_eng_20190410.pdf Annual Report 2018] [[Luxottica]]</ref>

==Laubman & Pank==
Laubman & Pank became at one stage the largest eye care business in Australia.<ref name=":0" /> It began operations in 1908 with two optometrists deciding to set up their own business.<ref name=":0">{{Cite web|title = Our Story {{!}} Eye Specialists {{!}} Laubman and Pank|url = http://www.laubmanandpank.com.au/about-us/our-story/|website = www.laubmanandpank.com.au|accessdate = 2015-12-12}}</ref> The group was acquired by OPSM in 2001 and is now run by Luxottica, the world's biggest eye care and eye wear conglomerate.<ref name=":0" /> Laubman & Pank has 38 stores in Australia.<ref>{{cite web |title=L&P - Our Story |url=https://weborigin.laubmanandpank.com.au/about-us/our-story |website=www.laubmanandpank.com.au |accessdate=4 April 2020}}</ref>

==Hong Kong==
[[File:Lenscrafters hongkong mongkok.jpg|thumb|right|LensCrafters 高登眼鏡 in Hong Kong in 2008]]
OPSM acquired [[The Optical Centre]]<ref>{{cite news|url=https://www.theage.com.au/national/opsm-has-a-vision-but-its-sited-a-long-way-off-20021105-gdurb8.html|title=OPSM has a vision, but it's sited a long way off|date=5 November 2002|accessdate=10 May 2020|newspaper=The Age}}</ref> ({{zh|t=藝視眼鏡}}) from [[Michael Miu]] in 2002.<ref name=Miu/> At that time OPSM also owned another Hong Kong–based chain {{ill|The Optical Shop|zh|高登眼鏡}} (known in Chinese under the brand {{zh|t=高登眼鏡|labels=no}}).<ref name=Miu>{{cite news|url=http://the-sun.on.cc/channels/fina/20020921/20020921014644_0002.html|script-title=zh:高登澳洲母公司購併藝視|date=21 September 2002|accessdate=10 May 2020|newspaper=太陽報 [The Sun]|publisher=Oriental Press Group|location=Hong Kong|language=zh-hk}}</ref> Nowadays [[Luxottica]] group runs the Hong Kong chain under dual-brand [[LensCrafters]] {{zh|t=高登眼鏡|labels=no}}. It also used the brand [[Sunglass Hut]].

==References==
{{reflist}}

{{Eyewear retailers}}

{{DEFAULTSORT:Opsm}}
[[Category:Luxottica]]
[[Category:Eyewear retailers of Australia]]
[[Category:Eyewear retailers of New Zealand]]
[[Category:1932 establishments in Australia]]

[[Category:Australian companies established in 1932]]
[[Category:Retail companies established in 1932]]
[[Category:Companies based in Sydney]]
[[Category:Companies formerly listed on the Australian Securities Exchange]]