All Corporate articles – Page 14
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Red Circle, the investment firm of Renzo Rosso and his...
Red Circle, the investment firm of Renzo Rosso and his son Stefano, has increased its stake in Retrosuperfuture to a controlling interest of 51 percent. Through Red Circle, the Rosso family already controls important fashion brands such as Diesel, Maison Margiela, Marni and Viktor Rolf. It also has ...
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Alcon has launched the production of its intraocular lenses at...
Alcon has launched the production of its intraocular lenses at a modern factory operated by Nanoptika in the city of Zelenograd, 51 km northwest of Moscow. By reducing its reliance on imported lenses to less than 50 percent, Alcon says it is also diminishing the chance of post-operative complications in ...
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Short stops
Essilor has acquired a majority stake in Optimed, a leading...
Essilor has acquired a majority stake in Optimed , a leading distributor of ophthalmic instruments in Australia and New Zealand with annual revenues of about €10 million
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Allergan's shareholders have approved the $63 billion takeover offer made...
Allergan's shareholders have approved the $63 billion takeover offer made by AbbVie, the U.S. biopharmaceutical company. The deal was announced on June 25 and is scheduled to close in early 2020, pending regulatory clearance. The U.S. Federal Trade Commission has asked both companies to provide additional information regarding the transaction. ...
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Safilo has invested about €1 million to upgrade the information...
Safilo has invested about €1 million to upgrade the information technology platform of its Italian manufacturing sites in Santa Maria di Sala and Longarone. The project, which was carried out in collaboration with AzzuroDigitale, has trimmed production times by 10 percent while reducing waste and the use of paper-based documentation. ...
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News briefs
EyeCare Partners (ECP), a U.S. network of medical optometry and...
EyeCare Partners (ECP), a U.S. network of medical optometry and ophthalmology practices, has bought Nationwide Vision, an Arizona-based vision care provider, from the Refac Optical Group, as first reported by Vision Monday. The disposal will enable Refac to focus on U.S. Vision, an eyewear wholesaler and retailer. The terms of ...
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News briefs
Delfin, the holding company of Leonardo Del Vecchio's family, has...
Delfin, the holding company of Leonardo Del Vecchio's family, has acquired a 6.94 percent stake in a big Italian investment bank, Mediobanca. Created in 1946, Mediobanca was for many years, under the guidance of its co-founder Enrico Cuccia, the linchpin of private domestic capitalism. Its shareholders included some of Italy's ...
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News briefs
OH Holding Limited, a mysterious European company registered in Cyprus,...
OH Holding Limited, a mysterious European company registered in Cyprus, has filed an application to the Ukrainian Antimonopoly Service to purchase LuxOptika, one of the biggest Ukrainian eyewear retailers. LuxOptika partly belongs to Boris Lozhkin, a Ukrainian businessman who served as head of the Presidential Administration of Ukraine between 2014 ...
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News briefs
Lenskart, a big Indian optical retail chain with more than...
Lenskart, a big Indian optical retail chain with more than 500 stores in the country, is expected to be valued at 82,000 million rupees (€1.06bn-$1.16bn) when it finalizes a new funding round. The private equity firm Kedaara Capital is due to provide 3,920 million rupees (€50.6m-$55.3m) to the group by ...
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News briefs
As largely expected, Thélios, the joint venture between the French...
As largely expected, Thélios, the joint venture between the French luxury goods group LVMH and Marcolin, will take over the manufacturing of Dior eyewear from Safilo. Christian Dior is owned by LVMH, and Safilo's license agreement expires on Dec. 31, 2020. The first collection of Dior eyewear produced by Thélios ...
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Pramaor, the Italian company behind the Blackfin brand of titanium...
Pramaor, the Italian company behind the Blackfin brand of titanium eyewear, will see the production volumes of its original factory trebled by next May. It will also have more space to carry out varnishing and other operations internally, and for logistics.
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News briefs
Safilo is reducing its workforce ahead of the loss of...
Safilo is reducing its workforce ahead of the loss of the Dior license at the end of 2020. The group plans to cut more than 200 jobs at its Italian factories in Longarone, Santa Maria di Sala, Martignacco and Padua, which employ a combined 2,700 people. The downsizing includes the ...
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News briefs
An activist American hedge fund, Third Point, has bought an...
An activist American hedge fund, Third Point, has bought an unspecified stake in EssilorLuxottica, and continues to increase it, according to Reuters, which cited sources close to the matter. Another news agency, Bloomberg, put the stake at 1.2 percent. Third Point has a track record of prompting changes in the ...
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News briefs
A U.S. private equity company, Windjammer Capital Investors, has acquired...
A U.S. private equity company, Windjammer Capital Investors, has acquired Hilco Vision in partnership with its management from Blue Point Capital Partners, which bought into the company in 2014. The terms of the deal were not disclosed. Hilco Vision is a U.S. distributor of branded and consumable professional eyecare products ...
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Marcolin has opened a subsidiary in Singapore, within the Marina...
Marcolin has opened a subsidiary in Singapore, within the Marina Bay Financial Centre. The new branch is expected to boost sales and marketing activities in the Asia-Pacific region, alongside the existing regional office in Hong Kong, and to provide a dedicated customer service to better serve Singapore, Malaysia and Southeast ...
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Marc Fielmann, the new chief executive of Fielmann, presented a...
Marc Fielmann, the new chief executive of Fielmann, presented a plan at the company's annual meeting last month under which Germany's biggest optical retailer would take the lead throughout Europe by 2025, selling a quarter of all glasses on the continent and reaching an annual turnover of €2.3 billion. According ...
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Specsavers Audiology is expanding to New Zealand. The announcement was...
Specsavers Audiology is expanding to New Zealand. The announcement was made at the New Zealand Audiological Society Conference, held in Queenstown in early July. The company carried out a similar expansion two years ago in Australia, where Specsavers optical shops have been operating since 2008. According to Nick Taylor, head ...
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News briefs
VSP Global has reached a definite agreement to buy Visionworks,...
VSP Global has reached a definite agreement to buy Visionworks, a Texas-based company with more than 700 stores in nearly 40 U.S. states and Washington, DC. It is the single largest retail acquisition in VSP's 65-year history. Vision Monday has ranked Visionworks as the sixth largest retailer in the U.S. ...
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News briefs
Pro Optik, a chain of 140 mostly franchised stores in Germany,...
Pro Optik, a chain of 140 mostly franchised stores in Germany, is selling the majority of its shares to Paragon Partners, an investment company from Munich, and to Hannibal Zemariam, who joined the company as chief executive in July 2018. Details of the transaction and the distribution of shares have ...
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News briefs
A Plus Finance, a French independent investment fund, has injected...
A Plus Finance, a French independent investment fund, has injected €1.2 million into Nathalie Blanc, the eponymous eyewear brand headquartered in Bagnolet, on the outskirts of Paris. Blanc herself, a trained optician, began marketing her designs in 2015, selling 2,000 frames. Last year, she sold 15,000 and, with her Suzanne ...
