All Corporate articles – Page 22
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News briefs
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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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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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 platforms, ...
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News briefs
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 ...
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News briefs
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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News briefs
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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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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News briefs
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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News briefs
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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News briefs
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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News briefs
As of Dec. 12, Luxottica's shareholdings had tendered 93.30 percent...
As of Dec. 12, Luxottica's shareholdings had tendered 93.30 percent of their shares to the newly formed EssilorLuxottica group, triggering a squeeze-out procedure under which it will purchase all the remaining shares by Jan. 18, 2019 at the latest. Luxottica's de-listing from the Italian stock exchange is set to become ...
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News briefs
Safilo is planning to upgrade in 2021 its U.S. distribution...
Safilo is planning to upgrade in 2021 its U.S. distribution center in Denver, Colorado with the automation of the “order-to-cash” procedure, a transition that caused significant disruption at the Padua center at the beginning of 2017. Safilo pointed out that the Denver site is less automated than Padua, reducing execution ...
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News briefs
Hans Anders has acquired the Eyes + More chain of...
Hans Anders has acquired the Eyes + More chain of optical retail stores for €60 million, expanding its reach in the value-for -money segment in Northern Europe. Eyes + More has 170 stores of which 119 are located in Germany, 33 in the Netherlands, 10 in Belgium and 8 in ...
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News briefs
L Catterton Asia and Mitsui & Co. Principal Investments (MCPI)...
L Catterton Asia and Mitsui & Co. Principal Investments (MCPI) have jointly acquired a stake in Owndays, a Japanese eyewear manufacturer and retailer with operations all over the Asia-Pacific region. The investment fund is joining other shareholders including members of Owndays' management led by Shuji Tanaka, who took over the ...
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News briefs
EssilorLuxottica's executive chairman, Leonardo Del Vecchio, said that he calls...
EssilorLuxottica's executive chairman, Leonardo Del Vecchio, said that he calls the new company Essilux to shorten its name. An international trade magazine, Optical World, has been calling it Luxilor, even before its final creation. We like Del Vecchio's abbreviation. Essilor and Luxottica merged on Oct. 1.
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News briefs
One Click Ventures, an e-tailer that sells prescription and non-prescription...
One Click Ventures, an e-tailer that sells prescription and non-prescription glasses online, has been acquired by FGX International, a division of EssilorLuxottica, for an undisclosed amount. The transaction was publicly announced on Dec. 4, although it was closed in the third quarter of 2018. One Click's brands include felix + ...
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News briefs
Safilo has inaugurated a nickel-free production line with a daily...
Safilo has inaugurated a nickel-free production line with a daily capacity of 20,000 units. The line is part of a €5 million investment package, spread over two years, of its Longarone manufacturing site in Northern Italy that specializes in metal frames. Other investments include a water treatment system. The ...
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News briefs
Mark'ennovy, the European producer of contact lenses, secured debt and...
Mark'ennovy, the European producer of contact lenses, secured debt and equity funding from two new investors in September. Bond Capital Partners, a London-based investment and advisory firm for SMEs, has acquired a substantial stake in the company, while Alantra, a global investment bank and asset manager, is helping to finance ...
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News briefs
The Tabacchi family has increased its stake in Perini Navi,...
The Tabacchi family has increased its stake in Perini Navi, a major Italian builder of yachts, from 49.99 percent to 75 percent. The Tabacchis were previously shareholders in Safilo and Salmoiraghi & Viganò. Edoardo Tabacchi is currently vice-president of Perini Navi.
