All Corporate articles – Page 24
-
News briefs
DAC Vision is changing its name to DAC Technologies as...
DAC Vision is changing its name to DAC Technologies as the U.S. company broadens its product portfolio to provide full solutions for ophthalmic lens manufacturing. The newly named company is being led by Joe Ciochetto, a former executive of Essilor of America, replacing David Meisenheimer, who has been running the ...
-
News briefs
Optica's 16 specialty eyewear boutiques have been sold by Luxury...
Optica's 16 specialty eyewear boutiques have been sold by Luxury Optical Holdings (LOH) to Emerging Vision (EVI), according to reports by VMail. The purchase price for the transaction, which took effect on Feb. 16, has remained undisclosed. Optica operates ten stores in Las Vegas as well as three locations in ...
-
News briefs
Zeiss has formed a 50-50 joint venture with Deutsche Telekom,...
Zeiss has formed a 50-50 joint venture with Deutsche Telekom, called Tooz Technologies, to pursue its previously reported project to develop “smart glasses” (Eyewear Intelligence Vol. 18 N° 4+5 of March 29, 2017). They can be integrated into normal prescription frames and used for sport, shopping, surgery, logistics or other ...
-
News briefs
Frameri, an American startup known for its interchangeable lenses and...
Frameri, an American startup known for its interchangeable lenses and frames, has closed down. The co-founders of the Cincinnati-based firm, Konrad Billetz and Kevin Habich, started the company in 2012 but famously turned down an offer from an investor on the television program “Shark Tank,” opting for a partnership in ...
-
News briefs
Pramaor has launched an innovative digital platform and a high-tech...
Pramaor has launched an innovative digital platform and a high-tech app to create a community around its award-winning Blackfin brand to interact with its agents and clients. Pramaor broke last year the target of €10 million in sales last year. They grew by 30 percent to €10.1 million, with increases ...
-
News briefs
Hoya Corp. has decided to grant 101 share subscription rights...
Hoya Corp. has decided to grant 101 share subscription rights to key directors and employees of the group, allowing them to exercise options to buy 20,400 shares of the company at special conditions between next Oct. 1 and Sept. 30, 2027. The total amount that is subject to be turned ...
-
News briefs
Oculis, a Swiss biotech company, has raised nearly $21 million...
Oculis, a Swiss biotech company, has raised nearly $21 million in a Series B financing round backed by investors including Novartis, Bay City Capital and Pivotal bioVenture Partners. Existing investors, including Silfurberg and Brunnur Ventures, have also participated in the round, according to Oculis' announcement. In addition, two former executives ...
-
News briefs
Luxexcel, the Belgium-based company that has developed a 3D printing...
Luxexcel, the Belgium-based company that has developed a 3D printing technology for the production of ophthalmic lenses has announced the creation of its U.S. headquarters in Alpharetta, GA, near Atlanta. The European company that started on this project in 2009 and raised close to €15 million last year from various ...
-
News briefs
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 ...
-
News briefs
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 ...
-
News briefs
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 ...
-
Short stops
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.
-
News briefs
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.
-
News briefs
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, ...
-
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
-
News briefs
Opal, the French eyewear company mostly known for its kids...
Opal, the French eyewear company mostly known for its kids eyewear brand licenses – Star Wars, Hello Kitty, Tartine et Chocolat among others - has taken a sharehodling in another French company, Visioptis. Created in 1979 and based in the south of France, Visioptis has been developing optical and sunglass ...
-
News briefs
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 ...
-
News briefs
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 ...
-
News briefs
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 ...
-
News briefs
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 ...
