Corporate and M&A – Page 10
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Article
Menicon completes expansion of disposable contact lens factory
Menicon has completed the extension of its production site in Kakamigahara, Japan, where it manufactures daily disposable contact lenses. The investment will enable the company to gradually increase production to over 500 million lenses from 90 million.
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National Vision’s revenues collapse in March, refinances its debt
National Vision ’s comparable store sales fell sharply in March as it temporarily closed stores due to the Covid-19 pandemic. The company is issuing a $350 million convertible note to refinance its debt.
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ArticleSafilo sees coming weeks as critical to save sunglass season
The coming couple of weeks will be crucial to understanding if the sun season can be saved. If lockdowns are lifted in Europe and the recovery picks up in the U.S. the task can be achieved, according to Safilo .
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Article
Safilo buys Privé Revaux at a hefty price
Two months after announcing the acquisition of Blenders in California (see EWI Vol. 20 n°15 +16), Safilo has bought another fast-growing American eyewear brand, Privé Revaux , from a number of shareholders. Chief among them is a San Francisco-based private equity fund, TSG Consumer Partners , which invested in the ...
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Michael Jardine’s Story
As we reported in our last issue, Michael Jardine is retiring as chief executive of Mondottica , the multi-brand company that he founded two decades ago. He has an interesting story about his experiences and future plans, as well as some very pertinent observations to make about the industry: ...
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EssiLux’ buy of GrandVision comes under closer scrutiny
Confirming the Reuters report mentioned in our previous issue, the European Commission has confirmed its decision to launch an in-depth investigation, known as a phase II review, into EssilorLuxottica ’s planned takeover of GrandVision . The preliminary investigation ended on Feb. 6. The commission had until June 22 to take ...
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Article
New financing round for the expansion of Mister Spex
Mister Spex , which claims to be Europe’s leading online optician, completed another round of financing for over €15 million this month. The equity financing round was led by the Co-Investor Group , a firm that invests in medium-sized companies and maintains offices in Zurich, Frankfurt and Berlin. The ...
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Article
Inspecs plans acquisitions after its recent IPO
Inspecs has managed to sell all the new and existing shares it planned to place in its initial public offering (IPO) on the Alternative Investment Market (AIM) of the London Stock Exchange , despite a difficult market environment. The company’s share price remained in line with the IPO price ...
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Article
Germany faces up to the disease differently
Governments around the world have stepped up restrictions on the movement of their citizens to reduce the spread of Covid-19, which, according to the World Health Organization (WHO) , has infected over 780,000 and killed more than 37,000 people globally. As of March 31, more than 67,000 cases were ...
