All Corporate articles – Page 11
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News briefs
Abu Dhabi invests $500 m in Lenskart
Abu Dhabi Investment Authority (AIDA), a sovereign wealth fund owned by the Emirate of Abu Dhabi, is investing $500 million in Indian-based retail group Lenskart, various Indian business media just confirmed. AIDA’s investment will mostly consist of secondary share sales as early investors in the group, including largest shareholder SoftBank, ...
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ArticleKering Eyewear invests in supply chain with new acquisition
Kering Eyewear is investing in its industrial development through the acquisition of Usinages & Nouvelles Technologies (UNT), a French-based manufacturer of high-precision and metal components for luxury eyewear that has been a longstanding supplier of Manufacture Kering Eyewear (formerly Manufacture Cartier Lunettes), the company has announced. Founded in 1989 and ...
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ArticleSafilo turns to luxury eyewear and fashion companies for its Longarone plant
Angelo Trocchia, CEO, indicated that the company is evaluating the “potential transfer of the Longarone plant to third parties with a view to preserving the know-how of the site and minimizing the social impact on the territory”. Trocchia, who was speaking during a capital markets day with analysts following the ...
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ArticleKubota Glass reports first sales, expands distribution in Japan
Kubota Pharmaceutical Holdings has announced the signature of a distribution agreement for Kubota Glass, its myopia management glasses, with EYETOPIA, a regional chain of optical shops in Japan that will offer the device in some of its roughly 170 Megane Store locations. In December last year, Kubota also opened a ...
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ArticleZEISS to accelerate in AR/VR glasses as tooz’ sole owner
ZEISS has announced its full acquisition of tooz technologies, the joint venture that it launched in 2018 together with Deutsche Telekom in order to develop augmented reality (AR) and virtual reality (VR) glasses. By buying the 50 percent share of its telecom partner, ZEISS becomes tooz’ sole owner and the ...
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News briefs
Fast growth but red ink for Lenskart in 2022, new funding round in progress
Eyewear retail group Lenskart has launched a new funding round for an estimated $400-$500 million according to several reports in the Indian business media. The round would however consist for a large part of secondary share sales as early investors reportedly plan to divest some of their stake in the ...
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News briefs
Tech startup PTTRNS raises €2m in new funds
PTTRNS.ai, a tech company providing AI-based style recommendation software for the fashion and eyewear industry, has raised €2 million in new equity from ECFG, a Dutch-based private equitiy fund. This follows an earlier €2.5 million rund as reported in 2021. Founded in 2019 and also based in the Netherlands, PTTRNS ...
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ArticleACEP looks abroad for growth
ACEP, the French-based supplier of digital tools and services for optical shops, is accelerating its international development with the opening of a subsidiary in Japan on Jan. 1, Jean-Philippe Sayag, CEO of the company told us in an interview. The company has been operating branches in the U.S. and Spain, ...
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ArticleNew top management structure to steer MAGRABi's expansion plans
MAGRABi Retail Group, a leading eyewear retailer in the Middle East, has reshuffled its top management structure with several key appointments at the start of 2023, after the company strongly accelerated its investments in both network expansion and vertical integration in the course of last year. Effective Jan. 1, Amin ...
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News briefs
Horizons Optical hits 8 million freeform lenses last year
Horizons Optical, the Spanish-based supplier of lens designs and related services, has announced that over 8 million freeform lenses were produced last year using its technology by more than 130 ophthalmic laboratories throughout the world. The company said that the volume increase in its core business and the roll-out of ...
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News briefsVisionLab going high tech
This year VisionLab will be investing €5 million in its optical shops to bring their services into line with new user demands, according to Look Vision. The optometrics are to include virtual functions for remote measurements, which will reportedly shave about 20 minutes from the average consultation. The Spanish chain ...
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News briefs
Wagner + Kühner files for insolvency
German-based eyewear supplier Wagner + Kühner filed for insolvency proceedings on Jan. 31. A slowdown in opticians’ orders, added to the company’s high level of debts reportedly triggered the insolvency filing. Jens Lieser, the appointed administrator, said that the business and deliveries were continuing as usual during the proceedings. Wagner ...
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ArticleSynsam details roadmap to mid-term financial targets
During its Capital Markets Day held on Jan. 30 at one of its flaship store in Stockholm, Nordics’ leading retailer Synsam Group confirmed its medium-term financial targets and disclosed more information and figures on how it would achieve them. The presentation took place as the group’s share price lost about ...
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News briefs
Hoya invests $10 million in Canadian labs
Hoya Vision Care has annouced that it would invest close to $10 million in the expansion of its Canadian lab network. The group’s Canadian subsidiary is the first optical lab in North America to have installed SCHNEIDER’s new Modulo Center One surfacing system for an improved efficiency, the announcement reads. ...
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News briefs
Mojo Vision shelves its AR contact lens
Mojo Vision CEO Drew Perkins announced in a blog post a few days ago that the U.S.-based tech company was halting the development of Mojo Lens, its augmented reality (AR) smart contact lens. Perkins said that the decision was motivated by difficulties in raising new capital in a slumping global ...
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ArticleSpecsavers owners place company in family trust
Specsavers’ owners and co-founders Dame Mary Perkins and her husband Doug have announced that they had placed the company in a family trust in order to protect it from a potential acquisition by private equity funds in the future. “We are coming up to our 80th birthdays so we have ...
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ArticleFielmann expands Spanish business with new acquisition
The Fielmann Group is strengthening its presence in the Spanish market through the full acquisition of the retail, wholesale and manufacturing businesses of MFI Group, a leading optical and hearing-aid supplier in northern Spain. The transaction will be completed on Dec. 31, 2022. The investment comes after the takeover in ...
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News briefs
Horizons Optical opens new and larger headquarters
Horizons Optical, the Spanish-based supplier of lens designs, coatings and services, is moving its offices to a new location in Sant Cugat del Vallés, near Barcelona, trebling the surface of its headquarters. The new offices have a capacity of 80 employees,and include a showroom, an R&D laboratory and a space ...
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ArticleWarby Parker details strategy at Morgan Stanley conference
Warby Parker, represented by its co-founder and co-CEO Dave Gilboa, participated earlier this week in Morgan Stanley Global Consumer & Retail Conference, during which the company detailed some elements of its current business and replied to questions on its future strategy, including on ways to achieve profitability. The U.S. omnichannel ...
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ArticleOptiswiss maintains focus on ECPs, innovation and premium products
In an interview with Eyewear Intelligence, Samuel Frei, CEO of Optiswiss, sheds light on how the Swiss-based independent lens maker navigates an increasingly consolidated optical market with a strategy based on a focus on premium products, distribution through independent eyecare professionals (ECPs), state-of-the-art production facilities, investment in new technologies and ...
