A new company, the Jai Kudo Group, has been formed in the U.K. through a 50-50 joint venture between Pure Technology, parent company of Jai Kudo and Concept Eyewear, and the Yakira Group, forming a single, integrated sales channel to the market. Jai Kudo is a British supplier of lenses that has been in operation since 1996. Concept Eyewear is a distributor of frames that launched its first collection in 2011. Founded in 1946, Yakira is a supplier of private label and licensed eyewear, optical tools, consumables and accessories. The new group has an annual turnover of more than £5 million (€6.0m-$6.6m), with some business in France. It plans to invest in new facilities, products and services, while expanding its sales team in the U.K. and internationally.