All Corporate articles – Page 13
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News briefs
Silhouette restarts production
On March 16, in response to the Covid-19 pandemic, the management board of Silhouette International ordered most of the company’s administrative staff to work from home, suspended production at the factory in the city of Linz and retained a skeleton staff for the dispatch warehouse. On April 27, with ...
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Article
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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News briefs
Shamir enters agreement for InoTime
Shamir has entered an exclusive agreement to provide its InoTime technology at the end of December to Paris Miki , a leading Japanese optical retail chain with 709 domestic stores. The service will enable Paris Miki to provide custom optical lenses within 24 hours. Shamir already offers the InoTime service ...
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News briefs
Safilens reinforcing partnership with Oté Optics
Safilens , the Italian contact lens producer, is reinforcing its partnership with Oté Optics , the Dutch supplier of contact lens solutions. The companies’ research and development teams have been collaborating for 10 years, and the partnership will now expand to comprise manufacturing and sales. The companies will jointly develop ...
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News briefs
Safilo closes factory
Safilo will close its manufacturing site located in Martignacco, in the Italian region of Friuli Venezia Giulia, by the end of June, according to the website B2eyes . The company did not comment. The site employs 250 people.
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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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News briefs
Essilor suffers cyberattack
On March 21, EssilorLuxottica’s lens unit, Essilor , suffered a cyberattack that disrupted access to some servers and computers. The group said that it took immediate action to stop the computer virus from spreading, isolating some servers and installing new firewalls.
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News briefs
Safilo's board proposes stock option plan
Safilo ’s board of directors will ask shareholders to approve a new stock option plan running from 2020 to 2022 for up to seven million shares. It will be reserved for executive directors who are also employees of Safilo, and other employees of the group. The group added that Catherine ...
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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 ...
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News briefs
Hoya Corporation recently indicated that it could use its strong...
Hoya Corporation recently indicated that it could use its strong cash flow to expand its Life Care division, which includes the production of ophthalmic lenses, but it is now planning to invest in its Semiconductor Technology division. The Japanese group has made an unsolicited $1.4 billion bid for a producer ...
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News briefs
The owner of the French Luz buying group, the Schertz...
The owner of the French Luz buying group, the Schertz group, has purchased the assets – that is, the software and brands – of Evioo, a purveyor of virtual try-ons for brick-and-mortar and online optical shops. Among other things, Evioo provides pharmacies with turnkey optical centers, complete with an optician ...
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News briefs
Standard Ethics has assigned an “EE-” rating to EssilorLuxottica, indicating...
Standard Ethics has assigned an “EE-” rating to EssilorLuxottica, indicating that the group's sustainability strategies and extra-financial reporting appear to be adequately aligned with the international voluntary guidelines proposed by the United Nations, the OECD and the European Union. It noted that, following the merger of Essilor and Luxottica, “a ...
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News briefs
The board of directors of Italia Independent has agreed to...
The board of directors of Italia Independent has agreed to call a shareholders' meeting to clear a €7.8 million capital increase to finance the company's 2019/23 business plan, which aims for annual sales of €42 million in 2023 and a return to profitability in 2021 with an anticipated Ebitda of ...
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News briefs
New Look Vision, Canada's largest optical retail company, has agreed...
New Look Vision, Canada's largest optical retail company, has agreed to acquire substantially all of the assets of Miami-based Coco Lunette Holding, which operates principally under the Edward Beiner banner with 12 locations in Florida and an annual turnover of 15.5 million Canadian dollars (€10.6m-$11.8). No financial details were released ...
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News briefs
Zeiss is acquiring the entirety of Saxonia Systems, a German...
Zeiss is acquiring the entirety of Saxonia Systems, a German developer of enterprise software, for a price the companies have agreed not to disclose. They expect the German Federal Cartel Office to approve the deal in February 2020. Zeiss has owned 25 percent of Saxonia since September 2018, and the ...
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Short stops
The French-based Luneau Technology group has acquired Next Sight, an...
The French-based Luneau Technology group has acquired Next Sight , an Italian company specializing in retinal screening and telehealth, to offer more comprehensive eye examinations
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News briefs
The employees of Automation & Robotics (A&R) are going to...
The employees of Automation Robotics (A R) are going to be gradually buying out the Belgian company's founder, Christian Closset. The headquarters will remain in the city of Verviers, and no changes in personnel are planned. It will be “business as usual” for the North American staff, according ...
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News briefs
While preparing itself for an initial public offering (IPO) by...
While preparing itself for an initial public offering (IPO) by its parent company, the Inspecs Group, Killine has bought more land to expand its manufacturing operations in Vietnam, which already cover 15,000 square meters. The investment has provided for an extension 5,000 m², which will grow to 10,000 m² in ...
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News briefs
Leonardo Del Vecchio is the richest man in Italy and...
Leonardo Del Vecchio is the richest man in Italy and the 38th in the world, with a net worth of $24.6 billion, according to the latest real-time ranking of Forbes' list of billionaires. In Italy, he has overtaken Giovanni Ferrero, owner of the eponymous confectionery group Ferrero, which produces the ...
