All Corporate articles – Page 23
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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
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News briefs
After its acquisition of the Dutch B&F Group last year...
After its acquisition of the Dutch B&F Group last year (see Eyewear Intelligence Vol. 18 n°1), Ocuco, the Irish eyecare software company, has also acquired OptiCommerce, a provider of websites and e-commerce solutions for the independent U.K. opticians with about 170 customers and £500,000 (€568,882-$684,248) worth of annual revenues. The company, ...
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News briefs
Hans Anders, the Dutch low-cost optical retailer has divested its...
Hans Anders, the Dutch low-cost optical retailer has divested its French branch after twelve years of business in the country. Its 59 stores, including 33 franchises, have been taken over by Acuitis, the French optical chain that was established in 2010 by Daniel Abittan, one of GrandVision's founders. According to ...
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News briefs
Contact Lens Precision Laboratories (CLPL), a British contact lens maker,...
Contact Lens Precision Laboratories (CLPL), a British contact lens maker, has been taken over by the Japanese contact lens company SEED. CLPL, which has been in the U.K. market for 50 years, make specialty and custom lenses under the UltraVision and Kerasoft brands with business in 40 countries, as reported ...
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News briefs
Zeiss held the groundbreaking ceremony last month for its new...
Zeiss held the groundbreaking ceremony last month for its new Zeiss Innovation Hub @ Kit in the north campus of the Karlsruhe Institute of Technology (KIT). Besides expanding its collaboration with KIT, which has been in place for more than ten years, giving bright graduates room to develop new ideas ...
