All Corporate articles – Page 18
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Short stops
We have been informed that the U.S. bankruptcy court for...
We have been informed that the U.S. bankruptcy court for the northern district of Texas converted the status of PFO Global on Nov. 13 from a Chapter 11 bankruptcy to a Chapter 7 bankruptcy
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Italia Independent has sold its communication arm, Independent Ideas, to...
Italia Independent has sold its communication arm, Independent Ideas, to Publicis Communication, the French advertising agency, sending up its depressed share value by more than 10 percent. The company's founder and major shareholder, Lapo Elkann, will continue in the role of “creative chairman” for Independent Ideas' clients, which include Abarth, ...
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Aoyama Optical France, the former French subsidiary of the eponymous...
Aoyama Optical France, the former French subsidiary of the eponymous Japanese brand, which was taken over in 2012 by its CEO, Philippe Beuscart, has been liquidated. It had invested in the distribution of 3D-printed glasses, becoming later a supplier to the Yuniko system of Hoya Vision Care.
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GrandVision has completed the deal for the acquisition of Tesco...
GrandVision has completed the deal for the acquisition of Tesco Opticians' 209 stores by Vision Express, following approval by the Competitions and Markets Authority of the U.K.
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Alcon, a division of Novartis, is planning a $97 million...
Alcon, a division of Novartis, is planning a $97 million investment in Johns Creek, a northern suburb of Atlanta, to expand operations there and its production capacity of Alcon's Dailies Total 1 contact lenses. The announcement was made by Georgia's governor, Nathan Deal, on Nov. 9. Alcon has been investing ...
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Luxexcel, a Dutch developer of 3D printing technologies for the...
Luxexcel, a Dutch developer of 3D printing technologies for the manufacture of ophthalmic lenses, has announced an agreement with the Quest Vision Care Specialty Lab for the installation of a second Luxexcel VisionPlatform for ophthalmic specialty lenses. The new platform will be operational in January 2018 at the laboratory's site ...
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Marchon Eyewear has decided to eliminate about 20 positions at...
Marchon Eyewear has decided to eliminate about 20 positions at its head office in New York, after a reassessment of its global operations, due to overlapping functions. New positions will be created, particularly in marketing, said a spokesman for its parent company, VSP Global, stressing that the affected employees will ...
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National Vision, one of the largest optical retailing chains in...
National Vision, one of the largest optical retailing chains in the U.S., has started trading on the Nasdaq exchange, offering 15.8 million shares at $22 per share. The Kohlberg Kravis Roberts (KKR) private equity group will see its share in the company reduced from 75 percent to about 58 to ...
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TD Tom Davies, the high-end British eyewear company, has invested...
TD Tom Davies, the high-end British eyewear company, has invested £800,000 (€0.90m-$1.05m) to re-shore some of the manufacturing process for its frames in a new production unit in Brentford, near London. Production at the new facility has already started, currently representing 30 percent of the company's output, and the British ...
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The Cooper Companies has announced that its CooperVision production facility...
The Cooper Companies has announced that its CooperVision production facility in Juana Diaz, Puerto Rico, has sustained “relatively minor damage” after the passage of Hurricane Maria in September. Comprehensive onsite assessment has found that operations in the facility have been restored to around 90 percent of pre-hurricane levels. Packaging and ...
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The Safilo Group has inaugurated a new North American office...
The Safilo Group has inaugurated a new North American office at Secaucus, New Jersey that will replace its historical office at Parsippany in the same state. Housing its wholesale operations for the region and a new global office for American licensed brands, it will work closely with the company's global ...
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The Afflelou Group, which previously wanted to return to the...
The Afflelou Group, which previously wanted to return to the stock exchange, has finalized the refinancing of its debt, consisting of €440 million worth of bonds due in 2019. It has replaced them with two tranches of senior bonds maturing in 2023. One series worth €250 million is made up ...
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Luxottica has filed a worker adjustment and retraining notification (WARN)...
Luxottica has filed a worker adjustment and retraining notification (WARN) with the state of Tennessee's Department of Labor and Workforce Development that it will permanently lay off 208 workers at its Memphis site on Dec. 31, according to U.S. media. The group is closing down the Memphis site and transferring ...
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Zeiss has unveiled plans for a new €300 million integrated...
Zeiss has unveiled plans for a new €300 million integrated high-tech site in Jena, Germany. In order to do so, the company is acquiring 80,000-square-meter partially unused premises from Schott, which it will renovate to build the new facility. Zeiss' long-term objective is to bring together its existing sites in ...
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Horizons Optical, an operation that started in 2007 as the...
Horizons Optical, an operation that started in 2007 as the R&D business unit of Indo Optical under the name of FreeForm Solutions, has now been spun off by Sherpa Capital, the American investment fund that took over the Spanish lens manufacturer last year. All intellectual property and R&D patents developed ...
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Giorgio Fedon, the leading producer of eyewear cases for the...
Giorgio Fedon, the leading producer of eyewear cases for the major eyewear companies, pulled out of the Paris Euronext stock exchange on Sept. 14. Fedon's shares can now be negotiated exclusively on the AIM Italia over-the-counter market of the Milan Bourse. Shareholders who decided not to tender their shares until ...
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Tom Davies, the high-end British eyewear brand, is relocating part...
Tom Davies, the high-end British eyewear brand, is relocating part of its production to a brand-new factory in London. According to an article in The Financial Times, the company invested £600,000 (€680,000-$800,000) in the new facility, which is set to manufacture 30 percent of Tom Davies' production in the short ...
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For the eighth consecutive year, Essilor International has been ranked...
For the eighth consecutive year, Essilor International has been ranked as one of the 100 most innovative companies in the world by Forbes magazine. The annual ranking shows the stock-listed companies that feature the best current and future innovation potential. Placed in the 68th position, Essilor is the only optical ...
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Zeiss has announced plans to build a shared innovation hub...
Zeiss has announced plans to build a shared innovation hub at the Karlsruhe Institute of Technology in Karlsruhe, Germany. The €30 million facility, which will cover an area of around 12,000 square meters on the north campus of the Institute, will house high-tech and digital start-ups as well as Zeiss' ...
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Andy Wolf, the Austrian brand of designer eyewear, has announced...
Andy Wolf, the Austrian brand of designer eyewear, has announced the start of construction works for the extension of its headquarters in Hartberg. Scheduled to be completed in May 2018, the new building will have a total of 1,000 square meters, adding more space for offices, a showroom and a ...
