All Corporate articles – Page 23
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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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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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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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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.
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Mister Spex has postponed its initial public offering. Three years...
Mister Spex has postponed its initial public offering. Three years ago, Mister Spex announced that it would go public by the end of this year. Goldman Sachs acquired one-fifth of Mister Spex's shares in January 2015. So far, the German eyewear retailer had collected €80 million from investors and employed ...
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This month, Luxottica is renting Villa Reale in Monza, north...
This month, Luxottica is renting Villa Reale in Monza, north of Milan, for its Luxottica Days, during which the company will display its 2019 collections to buyers. During the period, Villa Reale will be off limits for tourists, including its royal apartments, causing some controversy. But the mayor of Monza, ...
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Alcon, the eye care business of Novartis, has announced plans...
Alcon, the eye care business of Novartis, has announced plans to locate its future global headquarters in Geneva once its proposed spinoff from Novartis International is complete. The Swiss group decided to cut ties with Alcon in July, to focus on its portfolio of pharmaceutical products (see Eyewear Intelligence, Vol. ...
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Short stops
Vista Outdoor has announced the completion of the sale of...
Vista Outdoor has announced the completion of the sale of its Bolle, Cebe and Serengeti brands for gross proceeds of $158 million
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Waldo, a London-based brand of daily contact lenses sold online,...
Waldo, a London-based brand of daily contact lenses sold online, has secured a £5 million (€5.6m-$6.5m) in additional funding from various financial investors to accelerate its international expansion. It went through an initial £1.3 million (€1.4m-$1.7m) financing round last year when the company was created by Ashleigh Hinde, a 29-year ...
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Glorify Unbreakable signed up its 1,000th “business rebel” in early...
Glorify Unbreakable signed up its 1,000th “business rebel” in early June as part of a crowd-funding campaign to help launch the Austrian sports and outdoor eyewear more deeply into the international market. Through the campaign, which kicked off in September 2017, the company's inventor and business owner, Christian Egger, was ...
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Cab9 Eyewear, a French company formed by a team of...
Cab9 Eyewear, a French company formed by a team of snowboard instructors, has raised a total of €10,649 from 167 contributors through Kickstarter to fund the production of its new action sports sunglass, called the Edge. Based in the French alpine ski resort of Méribel, Cab9 has been turning out ...
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Sherpa Capital, the private investment fund that took over Indo...
Sherpa Capital, the private investment fund that took over Indo in 2016, has sold a majority stake in the Spanish lens manufacturer to another fund, Ergon Capital Partners. Based in Brussels with offices in France, Italy, Germany and Spain, Ergon describes itself as a mid-market private equity investment company managing ...
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As a first step in its divestiture plan, earlier this...
As a first step in its divestiture plan, earlier this month Vista Outdoor sold its Bollé, Cébé and Serengeti brands of sunglasses to Antelope Brands Bidco, an entity affiliated with an American private equity fund, A&M Capital Partners, which recently opened a branch in London. The transaction was closed for ...
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Modo Eyewear announced that Rebecca Giefer, chief operating officer, has...
Modo Eyewear announced that Rebecca Giefer, chief operating officer, has been made a financial partner in the company, based in New York. Giefer joined Modo 14 years ago as a temporary customer service employee, shortly after her university graduation. She then held various positions in customer service, sales and operations. ...
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Luxottica is raising the annual bonus that it is giving...
Luxottica is raising the annual bonus that it is giving to its 8,800 employees to a record level in July, ahead of its merger with Essilor International. All the employees will get a basic gross bonus of €2,200, or about €200 more than in 2017. The bonus will be increased ...
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We have been patiently waiting for China's anti-trust authorities to...
We have been patiently waiting for China's anti-trust authorities to bless the planned merger between Essilor and Luxottica in order to make it happen, but nothing has been announced yet on this score. Nevertheless, Essilor says in a news release that its board of directors had decided to convene the ...
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Italy's Pramaor has launched an app for its optical retail...
Italy's Pramaor has launched an app for its optical retail clients, Blackfin Airstream Clients, to provide them with product information and share it with end consumers. It also gives the possibility to personalize the product before it's ordered. A Blackfin Academy section contains snippets of information to keep retailers informed ...
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Vision Ease will be moving the production of polycarbonate lenses,...
Vision Ease will be moving the production of polycarbonate lenses, which represent a large portion of its business, from its plant in Ramsey, Minnesota to its Jakarta, Indonesia factory, according to its parent company, Hoya Corp., and as reported by VMail. The transition will be completed over time in about ...
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Warby Parker, the American eyewear retailer has just raised $75...
Warby Parker, the American eyewear retailer has just raised $75 million in a new financing round from T. Rowe Price, a mutual fund, and other investors. Launched eight years ago by a group of students as a pure online player, the company had already raised $100 million in 2015, which ...
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According to the Italian daily Corriere della Sera, Luxottica will...
According to the Italian daily Corriere della Sera, Luxottica will be opening a “digital hub” in Milan in 2019. The site would host a showroom and some manufacturing activity. The digital hub would be located at 35, via Tortona, in an area that has become one of the hearts of ...
