All Corporate articles – Page 27
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News briefs
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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News briefs
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 ...
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Valeant Pharmaceutical International has reached an agreement with Pershing Square...
Valeant Pharmaceutical International has reached an agreement with Pershing Square Capital Management to share the legal and settlement costs of their long and unsuccessful battle to take control of Allergan
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Akzo Nobel, a chemicals group based in the Netherlands, has...
Akzo Nobel, a chemicals group based in the Netherlands, has rejected a revised takeover offer by PPG
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The board of directors of Essilor International has approved its...
The board of directors of Essilor International has approved its merger with Luxottica ahead of a final approval of the transaction by the company's annual shareholders' meeting on May 11. While waiting for the endorsement of the merger agreement by anti-trust authorities, Essilor and Luxottica have been making further progress ...
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Iris, The Visual Group, the largest network of eye care...
Iris, The Visual Group, the largest network of eye care professionals in Canada, has announced the acquisition of D.R. Josephson, an optical retail chain also known as Josephson Opticians. The chain, which was founded in 1936 by David Josephson, currently operates six locations in the Greater Toronto Area.
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The Kenmark Group has renamed itself as Kenmark Eyewear as...
The Kenmark Group has renamed itself as Kenmark Eyewear as part of a more comprehensive rebranding process that will continue in the course of the year
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News briefs
Julbo has announced the acquisition of the Solar brand of...
Julbo has announced the acquisition of the Solar brand of sunglasses from L'Amy. Created in 1958 in Annecy, France by SAMP (Société Annécienne de Matériaux Plastiques) and boosted by the booming participation in skiing in the 60's and 70's, Solar became one of the biggest European brands of sunglasses at ...
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Groupe Afflelou has reportedly decided to stop its plans to...
Groupe Afflelou has reportedly decided to stop its plans to go public again until after notice, citing the current weakness of capital markets in France. Observers speculate that investors are also having doubts about the possible consequences of the Essilor-Luxottica merger, which may lead the new group to develop its ...
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Luxottica has agreed to buy a fast-growing Brazilian eyewear retailer,...
Luxottica has agreed to buy a fast-growing Brazilian eyewear retailer, Óticas Carol, for €110 million from a group of investors including 3i Group, Neuberger Berman, Siguler Guff & Company, that had bought the business four years ago. The purchase price is understood to be equal to 12 times the projected ...
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PFO Global, the American company formerly run by Ruedi Suter,...
PFO Global, the American company formerly run by Ruedi Suter, has filed for Chapter 11 bankruptcy protection from creditors in a Dallas court. The company, which is now run by Matt Cevasco, is said to be going to be put up for sale after a reorganization of its operations and ...
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Salmoiraghi & Vigano, the Italian optical chain that recently became...
Salmoiraghi & Vigano, the Italian optical chain that recently became part of the Luxottica group, has a new chief executive, Massimiliano Mutinelli, who is currently head of Luxottica's wholesale division for the European market. Mutinelli, 48, takes over from Giorgio Candido, who will be taking on a management position within ...
