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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 EssilorLuxottica, a French-Italian eyewear conglomerate.
OPSM's CEO since October 2020 is Matteo Accornero.
HistoryEdit
OPSM was founded in Sydney in 1932, and was floated on the Australian Securities Exchange in 1962.<ref>Our Story OPSM</ref> In May 2001, OPSM sold its Protector Safety Supply Group to Howard Smith.<ref>To Acquire Protector Safety Supply Group for $60m 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>Luxottica Group reaches 98.5 percent holding in OPSM Group, starts compulsory acquisition of all remaining shares Luxottica</ref><ref>Template:Cite news</ref><ref>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, blending optometry and ophthalmology into one practice.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> As to 2018, it operated 330 stores and 41 franchises.<ref>Annual Report 2018 Luxottica</ref>
Laubman & PankEdit
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">{{#invoke:citation/CS1|citation |CitationClass=web }}</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>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
Hong KongEdit
OPSM acquired The Optical Centre<ref>Template:Cite news</ref> (Template:Zh) from Michael Miu in 2002.<ref name=Miu/> At that time OPSM also owned another Hong Kong–based chain Template:Ill (known in Chinese under the brand Template:Zh).<ref name=Miu>Template:Cite news</ref> Nowadays Luxottica group runs the Hong Kong chain under dual-brand LensCrafters Template:Zh. It also used the brand Sunglass Hut.