OPSM

OPSM, originally associated with the name Optical Prescription Spectacle Makers, is an optical retail and eye-care business founded in Sydney in 1932. It sells prescription spectacles, sunglasses and related eyewear while also providing optometry services through its retail network. The brand is best known in Australia and New Zealand, where its stores combine vision testing, prescription dispensing and eyewear retail in a single customer proposition. The business developed from an Australian optical chain into an international retail platform through acquisitions and ownership changes. OPSM was floated on the Australian Securities Exchange in 1962, giving the business a publicly traded structure for several decades. In 2001, it sold its Protector Safety Supply Group to Howard Smith and acquired Laubman & Pank, an Australian eye-care business with roots dating to 1908. Laubman & Pank had previously grown into one of Australia's largest eye-care businesses and continues to operate as a distinct retail brand within the broader Luxottica group, with 38 stores reported in the reference material. OPSM expanded its Asian presence in the early 2000s. In 2002, it acquired Hong Kong optical retailer The Optical Centre, also known by the Chinese name 藝視眼鏡, from Michael Miu. At the time, the group also owned The Optical Shop, known in Chinese as 高登眼鏡. These businesses were subsequently operated within Luxottica's wider Asian retail portfolio, including the LensCrafters 高登眼鏡 dual-brand and Sunglass Hut brand presence described in the reference material. Luxottica acquired a controlling interest in OPSM in 2003. The acquisition placed OPSM within one of the world's largest eyewear and eye-care groups and changed its corporate position from an independent Australian listed company to a group-controlled retail brand. OPSM was delisted from the Australian Securities Exchange in February 2005. Following the 2018 merger of Luxottica and Essilor, the ultimate group owner became EssilorLuxottica. The brand has also experimented with healthcare-oriented store formats. In 2010, OPSM opened an Eye Hub concept store in Hawthorn, Melbourne. The format combined optometry and ophthalmology in one practice, extending the conventional optical-store model toward a broader clinical eye-care proposition. By 2018, OPSM operated 330 stores and 41 franchises according to the cited Wikipedia material. OPSM's current positioning is therefore based on accessible, branded optical retail supported by professional eye examinations and prescription services. Its business is distinct from a general department or discount retailer: the core customer journey involves eye health, prescription correction and eyewear selection. The brand sits within EssilorLuxottica's vertically integrated ecosystem, alongside optical retail, lens and frame activities and other international eyewear chains. Exact current store numbers, current market-by-market ownership arrangements and present executive leadership are not established by the supplied reference material.

OPSM was established in Sydney in 1932 as an optical business serving prescription-eyewear customers. Its original name is associated with Optical Prescription Spectacle Makers, reflecting the company's early focus on prescription spectacles and professional optical services. Over time, the business developed from a local Australian optical operation into a larger retail network combining optometry, eyewear dispensing and sunglasses sales. A major corporate milestone came in 1962, when OPSM was floated on the Australian Securities Exchange. The listing gave the business access to public capital and made it an identifiable Australian listed optical company. Its later development included both portfolio changes and geographic expansion. In May 2001, OPSM sold its Protector Safety Supply Group to Howard Smith, narrowing its activities around optical and eye-care retail. That same year, it acquired Laubman & Pank, a prominent Australian eye-care business whose origins extended back to 1908. Laubman & Pank had been created by two optometrists and had grown into one of Australia's largest eye-care businesses before joining the OPSM/Luxottica structure. OPSM also expanded beyond Australia. In 2002, it purchased Hong Kong retailer The Optical Centre from Michael Miu. The acquired business was also known as 藝視眼鏡. OPSM additionally owned The Optical Shop, known in Chinese as 高登眼鏡. These Hong Kong activities later became associated with Luxottica's broader regional retail operations, including the LensCrafters 高登眼鏡 dual-brand and Sunglass Hut presence described in the reference material. Luxottica acquired a controlling interest in OPSM in 2003. This transaction connected a long-established Australian retailer with a major international eyewear conglomerate and shifted OPSM's strategic setting from an independently listed company to a controlled group brand. OPSM was delisted from the Australian Securities Exchange in February 2005. Following the combination of Luxottica and Essilor in 2018, the brand became part of EssilorLuxottica, the resulting French-Italian eyewear group. The company continued to develop its retail and clinical model. In 2010, it opened an Eye Hub concept store in Hawthorn, a Melbourne suburb. The concept combined optometry and ophthalmology in one practice, indicating an effort to position the store as more than a conventional eyewear shop. It linked prescription retail with a broader eye-care service proposition. By 2018, the available reference stated that OPSM had 330 stores and 41 franchises. OPSM's historical significance lies in the way it combines Australian optical-retail heritage with international group ownership. Its operating model is centered on eye examinations, prescription eyewear, sunglasses and related optical products. The brand's principal market identity remains Australian and New Zealand, although the wider business history includes retail operations in Hong Kong and references to activities in Singapore and Malaysia. Current detailed information on store counts, franchise structure, clinical staffing and leadership is not supplied in the cited material.

1. 2018Reported network reaches 330 stores and 41 franchises

   The available reference reports that OPSM operated 330 stores and 41 franchises.

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2. 2010Eye Hub concept launches in Hawthorn

   OPSM opens a store format combining optometry and ophthalmology.

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3. 2005OPSM is delisted

   OPSM is delisted from the Australian Securities Exchange.

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4. 2003Luxottica takes control

   Luxottica acquires a controlling interest in OPSM.

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5. 2002OPSM acquires The Optical Centre in Hong Kong

   The company acquires The Optical Centre, also known as 藝視眼鏡, from Michael Miu.

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6. 2001Protector Safety Supply Group is sold

   OPSM sells the Protector Safety Supply Group to Howard Smith.

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7. 2001Laubman & Pank joins OPSM

   OPSM acquires the established Australian eye-care chain Laubman & Pank.

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8. 1962OPSM floats on the Australian Securities Exchange

   OPSM becomes a publicly traded Australian company.

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9. 1932OPSM is founded in Sydney

   The optical retailer is established in Sydney, Australia.

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A mainstream optical and eye-care retailer combining professional vision services with prescription eyewear and sunglasses, primarily serving Australian and New Zealand consumers within the EssilorLuxottica group.

• Prescription eyeglassesPrescription eyewear

  OPSM's core retail offer includes prescription spectacles assembled around customers' vision prescriptions. Stores provide frame selection and optical dispensing, linking the clinical examination process with the purchase of corrective eyewear.

• SunglassesSunglasses

  The brand sells sunglasses as part of its optical retail assortment. Its store model places sunglasses alongside prescription frames and other vision-related products rather than treating them solely as a fashion accessory category.

• Optometry servicesEye-care services

  OPSM stores provide optometry and vision-testing services associated with prescription eyewear retail. The Eye Hub concept extended this service orientation by combining optometry and ophthalmology in one practice.

• Eye HubIntegrated eye-care format2010

  Eye Hub was a store concept introduced in Hawthorn, Melbourne, in 2010. It brought optometry and ophthalmology together in a single practice, representing a broader clinical model than a conventional optical shop.

• Laubman & PankOptical retail brand1908

  Laubman & Pank is an Australian eye-care and optical retail brand acquired by OPSM in 2001. Its business dates to 1908, and the reference material reports that it operates 38 stores in Australia within the Luxottica group.

• 2010Launch the Eye Hub conceptProduct launch

  OPSM was exploring ways to integrate retail optometry with a broader eye-care proposition.

  What changed. The company opened an Eye Hub concept store in Hawthorn, Melbourne, combining optometry and ophthalmology.

  Aftermath. The concept demonstrated OPSM's move toward integrated clinical and retail eye-care services; the supplied material does not establish its later rollout.

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• 2003Accept Luxottica controlM&A

  OPSM was an established listed optical retailer with operations in Australia and regional Asian markets.

  What changed. Luxottica acquired a controlling interest in OPSM.

  Aftermath. OPSM became part of Luxottica's international eyewear retail network and was later delisted.

  Source
• 2002Acquire The Optical CentreM&A

  OPSM sought to develop its presence in the Hong Kong optical market.

  What changed. OPSM acquired The Optical Centre from Michael Miu.

  Aftermath. The Hong Kong business became part of the wider regional retail portfolio later operated by Luxottica.

  Source
• 2001Acquire Laubman & PankM&A

  OPSM was expanding and consolidating its position in Australian eye-care retail.

  What changed. OPSM acquired the established Laubman & Pank eye-care business.

  Aftermath. Laubman & Pank became part of the OPSM and later Luxottica retail structure.

  Source

• 2010OPSM opens Eye Hub concept store in Hawthorn

  The company opened an Eye Hub store in Hawthorn, Melbourne, combining optometry and ophthalmology within one practice.

  Product launch
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• 2005OPSM is delisted from the Australian Securities Exchange

  OPSM was removed from the Australian Securities Exchange after becoming controlled by Luxottica.

  M&AOther
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• 2003Luxottica acquires controlling interest in OPSM

  Luxottica took control of OPSM, bringing the Australian retailer into the international eyewear group's retail portfolio.

  M&A
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• 2002OPSM expands into Hong Kong through The Optical Centre acquisition

  OPSM acquired Hong Kong retailer The Optical Centre from Michael Miu and operated it alongside another Hong Kong chain, The Optical Shop.

  M&A
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• 2001OPSM sells Protector Safety Supply Group to Howard Smith

  OPSM divested its Protector Safety Supply Group to Howard Smith as part of a change in business scope.

  Other
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• 2001OPSM acquires Laubman & Pank

  OPSM acquired the long-established Australian eye-care business Laubman & Pank, which became part of its broader optical retail operations.

  M&A
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1. OPSM