All Corporate articles – Page 15
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ArticleVisottica Comotec consolidates group structure
Visottica Comotec, the Italian supplier of eyewear components, has announced that it had just completed the acquisition of a majority stake in Ookii and Matrix, two businesses in which it invested in 2017. Founded in 1994 and also located in the Belluno district, Ookii is specializing in the production of ...
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EssilorLuxottica invests in Synsam too
EssilorLuxottica has become the second largest shareholder of Synsam, following the retailer’s Initial Public Offering (IPO) as the Nasdaq Stockholm stock exchange. EssilorLuxottica, which was not listed as a major investor in the Swedish company’s prospectus, purchased about 10 million shares, corresponding to a participation of 6.6 percent. The investment ...
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ArticleSynsam targets €690-€840 million valuation
Synsam, the leading optical retailer in the Nordics which recently declared its intention to go public, published its Introduction Public Offering (IPO) prospectus yesterday and announced that the first day of trading at the Nasdaq Stockholm stock exchange is scheduled for next Oct. 29. The complete document is available in ...
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Blackfin expands its HQ
On Oct. 13, for its 50-year anniversary, the eyewear brand Blackfin inaugurated a new headquarters, called Black Shelter and designed by Nicola De Pellegrini and Giovanni Bez of the architectural firm Anidride Design. It has tripled the original building – located in Taibon Agordino, amid the Belluno Dolomite mountains – ...
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ArticleSynsam goes public too
Synsam, the leading optical retailer in the Nordics, has announced its intention to launch an Initial Public Offering (IPO) and start trading shares at the Nasdaq Stockholm stock exchange before the end of the year. The company’s main shareholder since 2014, Theia Holdings, an entity of the international CVC private ...
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IPO values Warby Parker at close to $6bn
Warby Parker shares ended at $54.29 for their first trading day on the New York Stock Exchange last Sept. 29, or slightly higher than the introduction price of $54.05 per share, but much higher than the reference price of $40 the company received just before its Intitial Public Offering (IPO). ...
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ArticleBollé builds up management team for strategic changes
Bollé Brands has announced a series of key appointments in its management team to support its strategic plan, focusing on the digitization of the business, the RX segment, the brands’ visibility and the company’s social and environmental responsibility. On the digital front, the group launched e-commerce websites for Bollé and ...
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MPG signs Davidoff eyewear license
MPG – The Eyewear Company has signed an international license agreement with Davidoff, for the design, production and distribution of Davidoff Eyewear, eyeglasses and sunglasses, to take effect right at the start of next year. Davidoff is owned by the Zino Davidoff Group, which was founded in 1980 to market ...
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McGee Group acquires Dom Vetro’s manufacturing
The McGee Group has acquired the manufacturing operations of an another American eyewear firm, Dom Vetro. Run by its founder and designer, Ashley Bezamat, Dom Vetro produces its eyewear by hand in Los Angeles. In its “desire to vertically integrate,” McGhee will be shifting the operation to a refurbished building ...
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ArticleBrand heritage and international expansion drive Revo growth
Revo, the American brand of high-end polarized sunglasses, is launching Revo Black, a new collection showcasing the brand’s latest developments in both lens and frame technologies. The new range includes three concepts – one featuring a carbon fiber frame, one with a titanium wire frame for the lightest Revo sunglass ...
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ArticleNew investor and strategic focus on Asia for FittingBox
FittingBox, the French-based provider of virtual try on (VTO) systems and other digital solutions, just announced that JINS, the fast-growing Japanese retail chain, had become a shareholder of the company. The investment by JINS allowed earlier financial investors, mainly French venture capital funds Kreaxi and LBO France that have been ...
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L'Amy and Scene partner on manufacturing
L’Amy America and Scene Eyewear have entered into an exclusive manufacturing partnership, Vision Monday reports. Making use of Scene’s recently established factory in Wayne, New Jersey, the deal will purportedly enable L’Amy to create house brands while expanding its selection of American-made collections. For Scene Eyewear and its founder and ...
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ArticleNew owners for Maison JEAN-FRANÇOIS REY
Jean-François Rey, founder and CEO of Maison JEAN-FRANÇOIS REY, has decided to hand over the control of his company as well as his executive responsibilities to a Franco-German trio of seasoned eyewear managers, Walter Pirinoli, Dan Levi and Ralf Kmoch who have acquired a third of the company’s capital each. ...
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ArticleWarby Parker unveils growth strategy
Just a few weeks after filing its IPO registration documents to the U.S. Securities and Exchange Commission (SEC) in which the company disclosed its financial results for the past three years, Warby Parker released an online presentation for investors. During the two-hour long pre-recorded video, founders and co-CEOs Neil Blumenthal ...
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ArticleHawkers opens 1st Spanish factory
Hawkers Group, a Spanish-based brand of sunglasses, has announced last week the launch of a new collection of sunglasses Made in Spain, following the opening in February of its first factory in Spain, located at its headquarters of Elche, near Alicante. The group addresses the entry level segment of the ...
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Essilux buys more GrandVision shares
EssilorLuxottica announced yesterday that it has acquired an additional 16,902,305 ordinary shares in GrandVision, at €28.42 each, as part of its mandatory public offer for all shares of the Dutch retail group. The additional shares, which were owned by multiple shareholders and purchased from a single broker, account for about ...
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ArticleMarchon on track for a record year
Unlike other major players in the eyewear industry that are public listed, Marchon Eyewear is not publishing its results but Nicola Zotta, CEO of the U.S. eyewear manufacturer, agreed to share some information with Eyewear Intelligence on the company’s performance and projects. While Marchon was slowed down in 2020 by ...
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News briefs
EssilorLuxottica launches a share buyback program
In accordance with a resolution approved during its last annual general meeting that granted the group to purchase up to 10 percent of its own shares within 18 months at a maximum price of €200 each, EssilorLuxottica announced yesterday the launch of a share buyback program. The company has commissioned ...
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ArticleWarby Parker releases sales and profit figures ahead of IPO
Warby Parker, the U.S. omnichannel retailer, announced last week that it has filed a registration with the Securities and Exchange Commission (SEC) for its future Initial Public Offering (IPO) on the New York stock exchange. The registration document, which can be found here, shows that, although its revenues grew quickly ...
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EyeQue raises $40m in new funding
EyeQue, a U.S.-based company providing smarthphone vision tests, has secured from undisclosed investors $40.35 million in Series C funding, raising its total capital past $57 million. The sources are private equity firms and strategic partnerships formed after the series B round, in June 2018. Sales have reportedly tripled in 2020, ...
