All Corporate articles – Page 21
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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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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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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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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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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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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 not ...
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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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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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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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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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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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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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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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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 ...
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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 phase. ...
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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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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 Perth ...
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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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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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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, ...
