All Corporate articles
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News briefsHoya communicates new IT incident update
In a new information update published earlier today on the IT incident that has been affecting the group’s operations since March 30, Hoya Corporation announced that, as of April 23, most of its business divisions had restored their production and ordering systems. However, the group added that some units were ...
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News briefsHoya expects IT incident full recovery next week
On April 9, Hoya Vision Care released on its global website a new information update regarding the IT incident that has been affecting its production and order systems since March 30. The Japanese-based lens maker said that it was now expecting all its systems to be back online in the ...
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News briefs
Menicon promotes EMEA chief from within, acquires French specialty CL supplier
Japanese-based contact lens maker Menicon has announced the promotion of Remco Engelhart to the position of Menicon EMEA CEO. A seasoned manager with over thirty years of experience in the eye care sector, including previous positions at CooperVision, Bausch + Lomb or Sauflon, Engelhart joined Menicon Europe in 2017. Since ...
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ArticleHoya production and order systems greatly affected by cyberattack
Please click here for the most recent update on this news. Hoya Corporation announced on April 4 that, following the discovery on March 30 of an IT system failure at one of its overseas subsidiaries, some of the group’s production plants and order systems for several products had been ...
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ArticleNew management structure and increased retail focus for MPG
Following the death at the end of 2023 of Dr. Michael Pachleitner, its founder and CEO, the eponymous MPG (Michael Pachleitner Group) is entering a new era of its history with a new management structure and a strategic focus on the development of its retail business unit. We sat down ...
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News briefs
Menicon to build a new factory in Japan
Japanese-based contact lens maker Menicon has announced the acquisition of a 93,000 square-meter site in Fukui prefecture, Japan. The company will build there what will become its largest domestic production site for contact lenses and lens care products and is also considering the establishme of research and development operations related ...
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ArticleMazzucchelli takes further steps on sustainability journey
Mazzucchelli 1849 is building a new factory in its hometown of Castiglione Olona in northern Italy, set to be opened in the second half of this year. Giampietro Pedrazzini, CEO, spoke to us recently about how that facility fits into Mazzucchelli’s plans to reduce its environmental footprint, along with other ...
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News briefs
Menicon partners with Japanese universities for research on CL materials and recycling
In a double initiative aimed at researching next-generation materials for contact lenses and at recycling plastic waste generated for their distribution, Menicon has announced the creation of the Research Center for Miru Mirai (litterally “see” and “future” in Japanese) in partnership with the Tohoku University. The University of Tokyo will ...
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News briefs
Serengeti Eyewear operations return to the U.S.
Bollé Brands has announced that it was moving its global Serengeti Eyewear operations from Lyon, France, to its U.S. headquarters in Carlsbad, California in order to reignite the “American soul” of the brand. The relocated global management positions include brand vision, marketing, creative and product development and will come under ...
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News briefs
Wiley X to reshore assembling of products at HQ
Wiley X, the U.S.-based brand of protective eyewear for professionals and outdoor enthusiasts, has announced that it would start to assemble all new products from its 2024 collections and beyond in-house at its headquarters in Frisco, Texas. The company said that the initiative would enable it to expand its manufacturing ...
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ArticleBacked by new financial partner, Opal-Demetz plans more M&A
We have learned at the recent Mido show in Milan that Opal-Demetz, the French company specializing in children’s eyewear, sports eyewear and low-cost frames known as in France a “deuxième paire” (a second pair of eyeglasses, sold at a nominal fee to customers), opened its capital to private equity at ...
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News briefsMark’ennovy inaugurates European hub
Mark’ennovy has transferred its factory to the city of Getafe, outside Madrid, and thereby quintupled its capacity. In fact, the Getafe site is to become the company’s hub for Europe and serve as its showcase for the broader EMEA region. Source: Mack’ennovy Since last February, when Euclid ...
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ArticleRodenstock upgrades portfolio, fine-tunes group strategy and synergies
After its participation at the opti show in Munich in January, Rodenstock presented its latest innovations at its booth during the Mido show in Milan, from Feb. 3 to 5. The German-based lens maker introduced this year its new LayR coating, which it describes as an extension of its biometric ...
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ArticleZeiss acquires IP from Mitsui Chemicals
Zeiss Vision Care has acquired a “comprehensive intellectual property (IP) portfolio, including a suite of patents,” from Mitsui Chemicals (MCI), a Japanese company with wide-ranging business lines, among them “vision care materials,” and an R&D department split between synthesis, polymer science and tech for manufacturing processes. Zeiss has not disclosed ...
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News briefsMPG is closing its Belgian retail operations
Following reports from the Belgian retail trade press, Michael Ksela, CEO of Retail Optical Stores Netherlands, the company operating the Eye Wish retail chain, has confirmed that Retail Optical Stores Belgium, the entity behind the 35 Grand Optical stores in the country, has filed for bankruptcy proceedings. The two structures ...
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News briefs
Essilux officially inaugurates two industrial sites in Mexico
EssilorLuxottica officials were busy cutting ribbons in Mexico last week as the group officially inaugurated two industrial sites in Tijuana and Chihuahua. The new facility in Tijuana is expected to produce an additional 10 million pairs of optical lenses per year once fully operational and will ship up to 25 ...
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ArticleStore network upgrade, digitization and HR key to Paris Miki rebound
Like all well-established Japan retailers across all sectors, Paris Miki is facing an apparently unsolvable equation: finding sustainable growth in a country where the population is forecast to decline by approximately five percent every ten years. While many of these companies are heavily investing to develop their business abroad, particularly ...
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Vuzix announces wide-ranging cost cutting program
Smart glasses company Vuzix has announced the start of a significant cost reduction program that is expected to result in a 25 percent reduction of cash annual expenses, corresponding to approximately $8 million. The changes will include job cuts across the company’s major divisions on a global scale, notably in ...
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News briefs
Out Of raises over €7 million in crowdfunding campaign
Out Of, the Italian-based sport eyewear start-up, has raised a total of €7.6 million from approximately 580 investors through a 30-day crowdfunding campaign on Mamacrowd earlier this autumn. According to Italian media, it was the largest ever crowdfunding campaign in Italy, close to the legal €8 million upper limit. New ...
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News briefs
French OEM maker rescued by three clients
Theo, J.F. Rey and John Dalia have joined forces to take over the business of Cemo Decovision, their common supplier, in an eleventh-hour rescue operation as the Morbier-based eyewear maker was put into liquidation on Nov. 17. In a press release published earlier this week, the newly-formed consortium explained that ...
