All Corporate articles – Page 15
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Safilo has taken possession of its new North American distribution...
Safilo has taken possession of its new North American distribution center in Denver, which should be fully operational in the third quarter of this year. The center and its $6 million investment in technological systems – such as a unique IT platform – are key to the Italian eyewear brand's ...
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Safilo has repaid a €150 million equity-linked bond issued in...
Safilo has repaid a €150 million equity-linked bond issued in 2014. With this move, the company is completing a €300 million refinancing plan initiated last September, equally split between a €150 million equity increase and a new financing agreement expiring in 2023.
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Moody's confirmed EssilorLuxottica's long-term A2 credit rating on May 12,...
Moody's confirmed EssilorLuxottica's long-term A2 credit rating on May 12, just before the May 16 annual meeting of the group (see the related article in this issue), but cut the outlook to “stable” from “positive.” The American rating agency confirmed the company's short-term ratings. Moody's said that the outlook was ...
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Frédéric Pons, a former manager for Tag Heuer and Red...
Frédéric Pons, a former manager for Tag Heuer and Red Bull Racing eyewear, is launching Air_Art Eyewear, a brand of luxury glasses and sunglasses for men, inspired by the aeronautics world and technology. The frames incorporate high-end materials such as 21K gold, platinum, ruthenium, Italian acetate and the Diamondblack technology, ...
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Cercle Optique, a ten-year-old French voluntary group of opticians, has...
Cercle Optique, a ten-year-old French voluntary group of opticians, has launched a new investment vehicle to support new initiatives in the area of artificial intelligence, sustainability and innovative store design. The group is inviting its retail members and any other opticians to take part in investments worth €250,000 in four ...
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Allan Comploier has re-established on a new continent the optical...
Allan Comploier has re-established on a new continent the optical firm of his great-great-grandfather, the Prussian engineer August Emil Julius Kohls. The original Kohls, which was founded in 1869 and opened its first laboratory in 1914 in Berlin, ceased production after the First World War. The new one, Óticas Kohls, ...
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With its acquisition of nine Black & Lizars shops, the...
With its acquisition of nine Black Lizars shops, the Duncan and Todd Group has become the largest retail optical chain in Scotland. The deal increases the number of shops by about a third, expanding the staff by about 56 and adding seven locations, notably in the towns of ...
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The Catherine de' Medici 1533 (CDM) line of eyewear is...
The Catherine de' Medici 1533 (CDM) line of eyewear is establishing itself on the international market, and it has started to turn a profit. The company that markets the line was founded by Giovanni Accongiagioco in 2017 after he left Italia Independent, of which he was also a founder. The ...
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Johnson & Johnson Vision has announced a €100 million expansion...
Johnson Johnson Vision has announced a €100 million expansion to its Irish site in the National Technology Park, Plassey, Limerick. The investment is expected to create 100 new permanent jobs at the facility, which is devoted to contact lens manufacturing, along with the jobs created for the construction ...
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After the spin-off of Alcon was approved by Novartis shareholders...
After the spin-off of Alcon was approved by Novartis shareholders with 99.8 percent of the votes at the general annual meeting on Feb. 28, the pharmaceutical giant announced that it had received all necessary authorizations to move ahead. The transaction is now expected to be completed on April 9, 2019, ...
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Topcon Healthcare Solutions of Oakland, New Jersey, which makes ophthalmic...
Topcon Healthcare Solutions of Oakland, New Jersey, which makes ophthalmic devices and related software, has forged a global partnership with Oculo of Melbourne, Australia, maker of an eponymous, cloud-based network through which health care professionals can share clinical files, referrals and other correspondence. The two companies will combine their respective ...
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Luxexcel, the innovative Dutch producer of 3D-printed ophthalmic lenses, said...
Luxexcel, the innovative Dutch producer of 3D-printed ophthalmic lenses, said that its proprietary 3D printing technology has advanced from the pilot phase to printing commercial lenses. Over the past 12 months, 5,000 lenses have been printed on its VisionPlatform equipment installed in the U.S. and Europe.
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Luxottica is financing the regeneration of a park near its...
Luxottica is financing the regeneration of a park near its head office in Milan. The park is located in Piazzale Cadorna, opposite the Cadorna railway station, which is the terminus of the rail shuttle to Malpensa airport. Work is already underway and is expected to be over in about a ...
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Leonardo Del Vecchio, the founder of Luxottica who is now...
Leonardo Del Vecchio, the founder of Luxottica who is now the main shareholder in EssilorLuxottica and its executive chairman, continues to increase his stake in Generali as part of his policy of diversifying his investments. His stake in the Italian insurance group now stands at 4.34 percent.
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J.P. Morgan Asset Management has made a “substantial” equity investment...
J.P. Morgan Asset Management has made a “substantial” equity investment in the Acuity Eyecare Group to help the U.S. retailer to build up its network to 200-300 locations over a three- to five-year period through the acquisition of regional eyecare firms and optometry practices. For its part, Acuity recently announced ...
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Short stops
Shopko, a big American retail chain with many optical retail...
Shopko , a big American retail chain with many optical retail chains, has announced a voluntary Chapter 11 bankruptcy petition, accompanied by restructuring plans
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Short stops
Another big American retail chain, Sears, barely avoided liquidation as...
Another big American retail chain, Sears , barely avoided liquidation as a hedge fund, ESL Investments , came to its rescue
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Eight months after announcing the deal, the Japanese pharmaceutical group...
Eight months after announcing the deal, the Japanese pharmaceutical group Takeda has completed the $62 billion acquisition of its Irish-based peer, Shire, but it's not sure whether it will retain its eyecare business. As it is, the combined group has annual sales of over $30 billion. Takeda said that its ...
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CooperVision has acquired Blanchard Contact Lenses, a fast-growing scleral lens...
CooperVision has acquired Blanchard Contact Lenses, a fast-growing scleral lens company. Founded in 1986, Blanchard has operations in Sherbrooke, Quebec, and Manchester, New Hampshire, employing about 70 people. It will retain its name and continue to operate as a separate organization. Blanchard, thanks to a network of distributors, claims to ...
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More than 45,000 Essilor employees in 58 countries, or about...
More than 45,000 Essilor employees in 58 countries, or about 65 percent of the company's total staff, owned shares in the newly formed EssilorLuxottica group at the end of last year. Together, they now own a little more than 4 percent of its equity. This compares with about 35,000 employees ...
