All Corporate articles – Page 31
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Short stops
Pramaor, the fast-growing parent company of Blackfin, has inaugurated its...
Pramaor, the fast-growing parent company of Blackfin, has inaugurated its new head office at Taibon Agordino, in the province of Belluno.
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News briefs
For De Rigo, the loss of the Givenchy and Zegna...
For De Rigo, the loss of the Givenchy and Zegna brands was originally supposed to result in the dismissal of 108 employees. But after negotiations, at least 59 of them have opted to take resign voluntarily. B2eyes Today reports that the unions are satisfied with the solution, though for the ...
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News briefs
For De Rigo, the loss of the Givenchy and Zegna...
For De Rigo, the loss of the Givenchy and Zegna brands was originally supposed to result in the dismissal of 108 employees. But after negotiations, at least 59 of them have opted to take resign voluntarily. B2eyes Today reports that the unions are satisfied with the solution, though for the ...
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News briefs
Rodenstock has decided to set up an independent organizational unit...
Rodenstock has decided to set up an independent organizational unit for its eyewear division, which represents only about 20 percent of its revenues, separating it from its much bigger lens division. The goal is to react to the market faster and more flexibly, says the company, stressing that it continues ...
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News briefs
Valeant Pharmaceuticals has decided to restructure its operations into three...
Valeant Pharmaceuticals has decided to restructure its operations into three segments. Bausch & Lomb and most of the group's international operations will belong to the durable growth segment, which will represent about half of Valeant's total turnover. The group is also considering the disposal of some core and non-core activities ...
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News briefs
Rodenstock has decided to set up an independent organizational unit...
Rodenstock has decided to set up an independent organizational unit for its eyewear division, which represents only about 20 percent of its revenues, separating it from its much bigger lens division. The goal is to react to the market faster and more flexibly, says the company, stressing that it continues ...
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News briefs
Valeant Pharmaceuticals has decided to restructure its operations into three...
Valeant Pharmaceuticals has decided to restructure its operations into three segments. Bausch & Lomb and most of the group's international operations will belong to the durable growth segment, which will represent about half of Valeant's total turnover. The group is also considering the disposal of some core and non-core activities ...
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News briefs
Luxottica is offering a gross bonus of 1,892 euros this...
Luxottica is offering a gross bonus of 1,892 euros this year to its staff, up from the €1,600 paid in 2015. The company will pay up to 500 euros more to employees that have not been absent during the year. Luxottica has a tradition of being generous to its staff. ...
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News briefs
We have learned belatedly about the acquisition made last year...
We have learned belatedly about the acquisition made last year by Vision Ease of Daemyung Optical, described as the second-largest optical lens manufacturer in South Korea. It has a plant in Korea and one in China. Its product range is complementary to that of the American company, as it includes ...
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News briefs
Satisloh North America headquarters in Germantown, Wisconsin, has once again...
Satisloh North America headquarters in Germantown, Wisconsin, has once again expanded, with a 13,000-square-foot addition to its warehouse and the relocation of its training Academy into a 6,000-square-foot space left empty by a previous tenant. Satisloh North America has already expanded six times during its 23 years in Germantown. The ...
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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 ...
