All Corporate articles – Page 28
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News briefs
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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News briefs
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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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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News briefs
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 ...
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News briefs
LensCrafters has appointed Giorgio Candido as its new general manager...
LensCrafters has appointed Giorgio Candido as its new general manager with immediate effect. He replaces Pete Bridgman, who joined the brand in February 2016 to implement its expansion and digital transformation. According to reports in VMail, Bridgman will be leaving the company, after a period in which he will work ...
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News briefs
Rossana Loperfido has been appointed country manager for Luxottica Italia....
Rossana Loperfido has been appointed country manager for Luxottica Italia. Now aged 40, she joined Luxottica as finance director in 2016, after ten years with Hilti Italia.
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News briefs
Galifa, the Swiss contact lens manufacturer, appointed Joachim Penn to...
Galifa, the Swiss contact lens manufacturer, appointed Joachim Penn to the position of chief marketing officer and as a new member of the management board at the beginning of this month. He will be responsible for Galifa's sales and marketing in Switzerland, Germany and Austria. Penn has worked since 2012 ...
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News briefs
Jasper D'Hooge has been appointed joint chief executive at Komono,...
Jasper D'Hooge has been appointed joint chief executive at Komono, the Belgian supplier of eyewear and watches. Aged 34 and previously a consultant at the Boston Consulting Group, he will share the leadership of the Antwerp-based company with Maes Raf. Founded in 2009, Komono launched its first optical glasses collection ...
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The Design Eyewear Group has bought the assets of Kilsgaard...
The Design Eyewear Group has bought the assets of Kilsgaard Eyewear, a Danish company founded by Jacob Kilsgaard, who will continue to be involved as a consultant. His company was founded in 2008, but its products have been sold for the most part in the Scandinavian market due to its ...
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News briefs
Enrico Ferrario is back at the helm of Cecop Italia,...
Enrico Ferrario is back at the helm of Cecop Italia, after being replaced just two years ago by Paolo Schieppati at the head of the Italian subsidiary of the international buying group. Aged 60, Ferrario had other responsibilities within Cecop during this two-year period. In the ‘nineties he had a ...
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Frank Rescigna, a former president of Viva International, has been...
Frank Rescigna, a former president of Viva International, has been appointed senior vice president of sales at Wiley X
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Luxottica is believed to be close to selling its former...
Luxottica is believed to be close to selling its former headquarters in Milan to a U.S.-based fund, Hines, for about €100 million, according to media reports. Luxottica moved out of its former offices in via Cantù, which is a stone throw away from the city's cathedral, in the summer of 2014 ...
