All Corporate articles – Page 12
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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 ...
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ArticleMarcolin to invest $250 m in TOM FORD perpetual license
The Estée Lauder Companies (ELC) have announced the acquisition of the TOM FORD in a deal that values the luxury brand at $2.8 billion and also involves the Ermenegildo Zegna Group and Marcolin through long-term license agreements, for fashion products and eyewear products, respectively. The transaction is expected to close ...
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ArticleMorel puts focus on direct distribution, brand heritage and CSR
In an interview with Eyewear Intelligence, Amélie Morel, communication director of Morel Lunettes, explained how the family-owned company has taken advantage of the Covid-19 pandemic to accelerate the transformation of its international business, and has reinforced its focus on the brand’s heritage as well as its CSR commitments. A member ...
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ArticleSkugga to launch new financing rounds to accelerate development
In the wake of Skugga’s recent Silmo d’Or award in the technological innovation and connected products’ category, we spoke with Mikael Eriksson, the Swedish-based company’s CEO and one of the main shareholders along with his brothers Daniel Eriksson, Jonas Eriksson and partner Fredrik Hanson. The brothers initially started off with ...
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News briefsCooperVision to make toric mutifocal contacts in the U.S.
CooperVision has added Biofinity toric multifocal contact lenses to the list of products it makes to order at its factory in Scottsville, New York. Within the next few months all lens six-packs destined for the U.S. and Canada will be turned out there, so as to cut out international shipping ...
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News briefs
Topcon explains mid-term growth strategy
In its annual report, eye care equipment maker Topcon, said that it has identified its screening business and its China business as the two main mid-term growth drivers. In the screening business, the company is expecting continuous growth for screening and tele-optometry devices from Europe and the U.S. for the ...
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ArticleBacked by private equity fund, Cosium eyes international expansion
CAPZA, a European private investment fund with €7.4 billion of assets, announced in September the acquisition of a minority stake in NeoX, a newly created entity bringing together a number of tech companies in the medical field, in particular suppliers of practice management software. NeoX was formed around Cosium, the ...
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News briefsSafilo signs new credit line to pay back debt, support growth
Safilo Group has signed a financing agreement for €300 million with maturity in September 2027. It consists of a term loan facility of €150 million, a revolving credit facility of €75 million and a capex line of €75 million. The term loan, set for Sept. 29 of this year, will ...
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News briefs
EssilorLuxottica launches 3rd share buyback plan in 2022
EssilorLuxottica has announced the launch of a new share buyback program, the third since the start of this year. The group has granted a mandate to an investment service provider for the purchase of up to 1,500,000 of its own shares, or 0.3 percent of total outstanding shares, by March ...
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News briefs
J.F. REY sales up double-digit since takeover
Maison JEAN-FRANÇOIS REY has announced that, since the change of ownership a year ago, the company’s sales have been growing at double-digit rate from the €14 million base reported for 2021. As reported last year, the Marseilles-based eyewear company is in the hands of a Franco-German trio consisting of Walter ...
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News briefs
New owners for WestGroupe
Canadian healthcare organization Fyi Health Group has announced that it was acquiring WestGroupe, the Montreal-based eyewear manufacturer and distributor. Fyi is active in the eyecare and medical aesthetics’ sectors. The group operates the Fyidoctors eye clinics in Canada and the U.S. as well as other smaller optometry and optical retail ...
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ArticleJimmy Fairly to boost retail network, enter 3 new countries
Jimmy Fairly, the French-based and vertically integrated eyewear brand, has announced plans to more than double its number of stores in France and the U.K. by 2025 and to enter three new European countries in the coming months. Founded in 2011 by two young French entrepreneurs, Antonin Chartier and Sacha ...
