All Corporate articles – Page 31
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News briefs
American Vision, the new Indian optical retail franchising company that...
American Vision, the new Indian optical retail franchising company that we have written about (Eyewear Intelligence Vol. 16 N° 15+16 of Nov. 25, 2015), has gone through another round of funding. One of the new investors is Satish Jamdar, former managing director of an Indian air conditioning firm, Blue Star. ...
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News briefs
A new company, the Jai Kudo Group, has been formed...
A new company, the Jai Kudo Group, has been formed in the U.K. through a 50-50 joint venture between Pure Technology, parent company of Jai Kudo and Concept Eyewear, and the Yakira Group, forming a single, integrated sales channel to the market. Jai Kudo is a British supplier of lenses ...
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Short stops
Logo Eyewear is making no comment on a report that...
Logo Eyewear is making no comment on a report that it has opened insolvency proceedings
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News briefs
CooperVision is opening a high-volume manufacturing facility at Coyol Industrial...
CooperVision is opening a high-volume manufacturing facility at Coyol Industrial Park in Alajuela, Costa Rica. The new plant has a surface of nearly 9,300 square meters, with an option for expansion, and is the company's second site for clariti 1-day silicone hydrogel lens production, along with the existing facility in ...
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News briefs
Luxottica terminated a share buyback program for up to 1...
Luxottica terminated a share buyback program for up to 1 million ordinary shares announced on May 12 and announced the launch of a new scheme to repurchase up to 4 million ordinary shares representing 0.827 percent of its issued share capital. The share buyback is aimed at setting up a ...
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News briefs
Coopervision has laid off more than 40 employees at its...
Coopervision has laid off more than 40 employees at its Fareham contact lens manufacturing plant in Hampshire, U.K. due to a duplication of roles after its acquisition of Sauflon in 2014. In addition, following a streamlining of the production process, the company will move 130 employees to Hamble in Southampton ...
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News briefs
Menicon is building a new site in the Paris region,...
Menicon is building a new site in the Paris region, which is scheduled to open at the end of 2017. The company said the decision to build the new facility follows the launch of Menicon Co. Ltd. on Tokyo Nagoya Stock Exchange in 2015, and is expected to meet the ...
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News briefs
Luxottica will stop publishing information about its profitability for the...
Luxottica will stop publishing information about its profitability for the first and third quarter, but it will continue to report its sales figures on a quarterly basis. The change will be implemented with the publication later today of the results for the first quarter, where only sales figures will be ...
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News briefs
Globe Precision, the maker of eyewear accessories with a factory...
Globe Precision, the maker of eyewear accessories with a factory in Shenzhen and office in Hong Kong, is now fully owned by OBE, the German specialist in components for eyewear frames, effective April 1. OBE said a consultancy agreement has been established with Ching Lan, the former shareholder, to ensure ...
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News briefs
The Italian media have calculated that Adil Mehboob-Khan earned nearly...
The Italian media have calculated that Adil Mehboob-Khan earned nearly €20 million from his 13-month stint as joint chief executive of Luxottica, which he left at the end of February. Aside from his previously reported exit fee of €7 million, he took a gross salary of €13.46 million that included ...
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News briefs
Insight will change hands after the April issue. In the...
Insight will change hands after the April issue. In the wake of the retirement of its long-standing publisher and editor, Neil Forbes, the Australian ophthalmic news source will become part of Gunnamatta Media, a Melbourne-based specialist business-to-business publishing house. Gunnamatta, headed by Coleby Nicholson, owns magazines such as Jeweller and ...
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News briefs
Pfizer and Allergan said they have put to an end...
Pfizer and Allergan said they have put to an end to their merger negotiations by mutual agreement. The decision came after the U.S. Treasury and the Internal Revenues Service (IRS) issued a proposal to introduce new rules that would limit the ability of U.S.-based companies to move their headquarters overseas ...
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News briefs
Optical Center, the fifth-largest group of independent opticians in France,...
Optical Center, the fifth-largest group of independent opticians in France, is diversifying into refractive surgery, opening the first clinic in Lyon with an investment of around €1 million. Optical Center federates 445 optical stores, which had retail revenues of €484 million, more than 10 percent of that from the sale ...
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News briefs
Henry Jullien, a high-end French designer eyewear company from the...
Henry Jullien, a high-end French designer eyewear company from the Jura region that started up in 1921, has gone into receivership. Its chief executive, Pierre Faveau, told Acuité that the company's sales had risen by 15 percent last year, but the situation deteriorated in the first three months of the ...
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News briefs
Luxottica will soon start working on the expansion of its...
Luxottica will soon start working on the expansion of its factory in Sedico, near Belluno. According to reports in Corriere del Veneto, municipatl authorities have approved the project, which extends on a surface of around 50,000 square meters. The company had previously received the other necessary authorizations from the public ...
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News briefs
Alcon, a division of Novartis, has entered into an agreement...
Alcon, a division of Novartis, has entered into an agreement to acquire Transcend Medical, a California-based company specializing in minimally-invasive surgical devices to treat glaucoma. The financial terms of the transaction were not disclosed. Transcend Medical has recently developed a micro-stent to treat mild to moderate glaucoma. The device, which ...
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News briefs
Luxottica has fitted all its Ray-Ban Aviator Classic, Wayfarer and...
Luxottica has fitted all its Ray-Ban Aviator Classic, Wayfarer and Clubmaster models with microchips to fight against counterfeiting. The models represent combined sales of nearly 10 million units a year, with Aviator totaling about a quarter of that
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News briefs
Volcom, which belongs to Kering's Sport & Lifestyle segment since...
Volcom, which belongs to Kering's Sport & Lifestyle segment since 2011, has sold Electric through a management buyout to a group led by the brand's chief executive, Eric Crane. The asset deal became effective on March 16. In reporting its 2015 results, Kering said that Electric's sales declined due to ...
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News briefs
Luxottica's first fully-automated production line is on stream at its...
Luxottica's first fully-automated production line is on stream at its Italian plant in Rovereto, producing Ray-Ban Aviator models. The group aims to operate three automated lines and fully manufacture in-house the Aviator collection, which represents about 4 percent of its overall production.
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News briefs
AVM 1959, formerly Allison, has decided on a selective distribution...
AVM 1959, formerly Allison, has decided on a selective distribution system for one of its 13 licensed brands: Kiton. Sunglasses and prescription frames sporting the famous Neapolitan male fashion brand are already sold in a well-established network of retail shops, represented by the 49 single-brand clothing stores that Kiton has ...
