All Corporate articles – Page 25
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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 ...
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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.
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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.
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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, ...
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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
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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The Safilo Group has inaugurated a new North American office...
The Safilo Group has inaugurated a new North American office at Secaucus, New Jersey that will replace its historical office at Parsippany in the same state. Housing its wholesale operations for the region and a new global office for American licensed brands, it will work closely with the company's global ...
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The Cooper Companies has announced that its CooperVision production facility...
The Cooper Companies has announced that its CooperVision production facility in Juana Diaz, Puerto Rico, has sustained “relatively minor damage” after the passage of Hurricane Maria in September. Comprehensive onsite assessment has found that operations in the facility have been restored to around 90 percent of pre-hurricane levels. Packaging and ...
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TD Tom Davies, the high-end British eyewear company, has invested...
TD Tom Davies, the high-end British eyewear company, has invested £800,000 (€0.90m-$1.05m) to re-shore some of the manufacturing process for its frames in a new production unit in Brentford, near London. Production at the new facility has already started, currently representing 30 percent of the company's output, and the British ...
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National Vision, one of the largest optical retailing chains in...
National Vision, one of the largest optical retailing chains in the U.S., has started trading on the Nasdaq exchange, offering 15.8 million shares at $22 per share. The Kohlberg Kravis Roberts (KKR) private equity group will see its share in the company reduced from 75 percent to about 58 to ...
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VSP Global has acquired a stake in RightEye, a company...
VSP Global has acquired a stake in RightEye, a company specializing in the use of eye-tracking technology to improve patient care and vision performance. The size of the investment has not been disclosed. RightEye's customers include hospitals, the U.S. military, Major League Baseball (MLB) and more than 100 independent optometrists ...
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Carl Zeiss Meditec has acquired Veracity Innovations, a medical software...
Carl Zeiss Meditec has acquired Veracity Innovations, a medical software company based in Temple, Texas. The terms of the transaction were not disclosed. Veracity markets an intelligent cloud-based platform for cataract surgical planning, management and analysis. The platform was launched at the American Society of Cataract and Refractive Surgery (ASCRS) ...
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Marchon Eyewear has announced the acquisition of a majority stake...
Marchon Eyewear has announced the acquisition of a majority stake in Enternasyonal Gözlük, its exclusive distributor in Turkey. The transaction was closed on July 28. Marchon said its goal is to expand its Turkish business and make Turkey one of its top 10 global markets, considering the large young and ...
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Johnson & Johnson (J&J) Vision Care has announced the acquisition...
Johnson & Johnson (J&J) Vision Care has announced the acquisition of Sightbox, an online membership-based subscription service for contact lens wearers in the U.S. The services that Sightbox provides include the scheduling of annual eye exams, contact lens evaluation for its members, and an annual supply of contact lenses. According ...
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GrandVision has signed an agreement to double its stake in...
GrandVision has signed an agreement to double its stake in Visilab to 60 percent, with an already approved plan to raise it to 79 percent in 2019. It had first acquired a share of 30 percent in 2007. Founded in 1988, the leading Swiss optical retail chain operates 98 stores ...
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Johnson & Johnson (J&J) has announced that it has inked...
Johnson & Johnson (J&J) has announced that it has inked a definitive deal to acquire TearScience through Abbott Medical Optics, its surgical vision operating company. The financial terms of the transaction have not been disclosed. The acquisition is expected to close by the end of the year subject to antitrust ...
