All Corporate articles – Page 26
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Renzo Rosso has acquired a minority stake in RetroSuperFuture, the...
Renzo Rosso has acquired a minority stake in RetroSuperFuture, the brand of contemporary eyewear based in Milan. The investment was made through Red Circle, an investment firm owned by Rosso and his family, of which he is also the president. The amount of the transaction is still undisclosed. As part ...
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Brazilian anti-trust authorities have approved the acquisition by Luxottica of...
Brazilian anti-trust authorities have approved the acquisition by Luxottica of Óticas Carol, one of the major optical retail chains in the country, for the equivalent of about €110 million
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Adlens has moved its headquarters from Oxford, U.K. to larger...
Adlens has moved its headquarters from Oxford, U.K. to larger offices in Chilbrook, Eynsham. The new 15,000-square-foot facility will use 50 employees. Adlens operates additional offices in Boston and Tokyo. The relocation allows Adlens to consolidate all its U.K operations into one location.
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Hoya Vision Care Canada has announced a definitive agreement to...
Hoya Vision Care Canada has announced a definitive agreement to acquire Central Optical Company, an optical laboratory based in Winnipeg, Manitoba. Following the acquisition, Central Optical will be relocated to Hoya's facility, also in Winnipeg, which has recently been expanded. The president of Central Optical, Rob Soloway, will join the ...
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Hans Anders could enter other markets in Europe, possibly through...
Hans Anders could enter other markets in Europe, possibly through acquisitions, according to its management, following its acquisition by 3i (see our latest issue). After expanding into Belgium and France, the low-cost Dutch optical retailer entered the Swedish market in 2013 by taking over Direkt Optik.
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The PPG Group has announced the withdrawal of a revised...
The PPG Group has announced the withdrawal of a revised proposal to merge with Akzo Nobel, the big Dutch-based chemicals group, following the rejection of an offer by the latter's boards of directors and the opposition of local authorities
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Eyewear from Barcelona opened a new showroom in the Barcelona...
Eyewear from Barcelona opened a new showroom in the Barcelona Moda Centro, presenting more than 170 different models from its Slastik Sun, Slastik Readers, Sport Optical and Kids eyewear collections. The brand is known for its special eyewear, where the frames stick together with magnets and flexible temples that hang ...
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Luxexcel, a Belgian company that claims to be the only...
Luxexcel, a Belgian company that claims to be the only to have developed 3D printing systems for ophthalmic lenses, has received nearly $10 million in new equity financing from several investors including KLA Tencor Corporation, which will help bring its 3D printers to the market. The technology is said to ...
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Maison Cartier, a subsidiary of the Richemont group, has completed...
Maison Cartier, a subsidiary of the Richemont group, has completed the acquisition of a 30 percent interest in Kering Eyewear, but we could not determine the terms of the investments. The Kering fashion group will keep majority control. The management of Kering Eyewear, led by Roberto Vedovotto, will have a ...
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Specsavers has inaugurated a new manufacturing and distribution center in...
Specsavers has inaugurated a new manufacturing and distribution center in Kidderminster in Worcestershire. England, on the site of Stourpoint Five. The new facility employs 400 people, while 200 more jobs are expected to be created over the next five years. Construction on the site was completed in November last year ...
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Shareholders of Safilo Group approved on April 26 a new...
Shareholders of Safilo Group approved on April 26 a new share buy-back program and a new stock incentive plan proposed by its board of directors. The company is authorized to purchase up to 2.5 million shares on the stockmarket. It will also be able to issue up to 2.5 million ...
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Optik Sehstern, the parent company of Meinbrillenglas.de, recently acquired all...
Optik Sehstern, the parent company of Meinbrillenglas.de, recently acquired all the shares of Sehshop, another German online eyewear retailer. After only two years in operation, sales generated online via the Meinbrillenglas.de website accounted for one-third of the revenues of Optik Sehstern, a bricks-and-mortar store in the small German city of Freigericht, ...
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The Canadian subsidiary of Hoya Vision Care has acquired the...
The Canadian subsidiary of Hoya Vision Care has acquired the Central Optical Company, an optical laboratory in Winnipeg, Manitoba that services opticians in the states of Manitoba and Sasketchewan
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As announced a year ago, Safilo has closed the Polaroid...
As announced a year ago, Safilo has closed the Polaroid eyewear production unit in Dumbarton, Scotland
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AMF, the watchdog of the French stock exchange, is allowing...
AMF, the watchdog of the French stock exchange, is allowing Delfin, the family holding company of Leonardo Del Vecchio, to make its investment in Essilor without an obligation to launch a tender offer for the balance of the French company's shares, as normally required under its regulations for investors that ...
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In an interesting move, Black & Lizars, a Scottish retail...
In an interesting move, Black & Lizars, a Scottish retail group with 24 stores, has acquired the Ortho-K portfolio of an independent optician in Glasgow, Jack Brown, The Optician reports. Ortho-K lenses are contact lenses worn during the night that shape the patients' cornea in their sleep, enabling them to ...
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In a conference call with financial analysts, Luxottica's chief executive,...
In a conference call with financial analysts, Luxottica's chief executive, Massimo Vian, shrugged off the forays made by Kering and LVMH into eyewear manufacturing. He felt that the initiatives of these two big fashion groups are aimed at maintaining the image of their brands at a very high level, whereas ...
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An investment arm of Hoya Corp. has made an investment...
An investment arm of Hoya Corp. has made an investment in LensGen to complement the Japanese group's operations in the area of intraocular devices, as part of a $21 million round of financing. Based in Irvine, California, LensGen has developed a modular fluid for intraocular lenses, called Juvene, which is ...
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Crofton International has sold its remaining stake in the Jai...
Crofton International has sold its remaining stake in the Jai Kudo Group to the Yakira Group for an undisclosed amount. Yakira, a 71-year-old British supplier of private label and licensed eyewear, optical tools, consumables and accessories, formed a joint venture last year with the parent company of Jai Kudo, a ...
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The Cooper Companies' board of directors has approved a $500...
The Cooper Companies' board of directors has approved a $500 million increase in the company's share repurchase program, taking it up to a total of $1 billion. There is no expiration date. Cooper, which is the parent company of CooperVision, has already drawn nearly half of the previous allocation, leaving ...
