All Corporate articles – Page 35
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News briefs
The Italian subsidiary of CooperVision has decided to halve its...
The Italian subsidiary of CooperVision has decided to halve its staff of around 100 employees at its logistics center in Lainate in northwest Milan, according to B2Eyes. The plan is to create a logistic hub in the town of Liège, in Belgium, for the whole European market. The reorganization is ...
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News briefs
Vision Express is set to move its Nottingham-based store support...
Vision Express is set to move its Nottingham-based store support services headquarters from Abbeyfield Road to Ruddington Fields Business Park, six miles south of Nottingham city center. The new Ruddington facility features open plan offices, a learning zone and an in-house retail unit in which to train the staff. Around ...
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News briefs
Vista Outdoor, the sporting goods spin-off from Alliant Techsystems that...
Vista Outdoor, the sporting goods spin-off from Alliant Techsystems that owns Bushnell, Bollé, Serengeti and a raft of other brands, mostly in the firearms segment, is evaluating several merger and acquisition opportunities to diversify its product portfolio in areas such as camping, cycling, fishing, golf, snow sports, trail sports and ...
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News briefs
Safilo has decided to locate its global sports & outdoor...
Safilo has decided to locate its global sports & outdoor division in the new Pacific Coast Design Center in Portland, Oregon. The site will also serve as the head office of Smith Sports Optics for product development, marketing, sales and e-commerce. Chatham Baker and Drew Chilson will serve as creative ...
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News briefs
Exercising a call option, KKR has sold its remaining stake...
Exercising a call option, KKR has sold its remaining stake of 55 percent in Alliance Boots to Walgreens, which had bought an initial share of 45 percent in August 2012. Walgreens, the largest drugstore chain in the U.S., has thus been able to complete its merger with Alliance Boots, which ...
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News briefs
Intel Corporation, which recently signed a cooperation with Luxottica on...
Intel Corporation, which recently signed a cooperation with Luxottica on wearable technologies, has made a $24.8 million investment in Vuzix Corporation, an American firm specializing in video eyewear and smart glasses. Vuzix said the investment, which gives Intel an option on 30 percent of its equity, is meant to accelerate ...
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News briefs
CooperVision recently completed renovation work on a new 31,000-square-foot production...
CooperVision recently completed renovation work on a new 31,000-square-foot production facility at Chandler's Ford in Hampshire, England. The company bought an old warehouse site in March 2013 and started extensive renovation work in May 2013. Production is scheduled to start in 2015.
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News briefs
Krys Group of France will invest €7.6 million over the...
Krys Group of France will invest €7.6 million over the next three years to increase the capacity of its laboratory at Bazainville, which services all the affiliated optical retail stores trading under the Krys, Vision Plus and Lynx Optique banners as well as some 2,000 other independent stores that are ...
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News briefs
Giorgio Fedon & Figli has gone public on AIM, the...
Giorgio Fedon & Figli has gone public on AIM, the alternative market of the Italian Stock Exchange for small and medium-sized enterprises. The Italian supplier of eyewear cases and other accessories has been listed on Euronext Paris since 1988 and will continue to trade there simultaneously. The goal of the ...
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News briefs
Alliant Techsystems (ATK) has a set a new date of...
Alliant Techsystems (ATK) has a set a new date of Jan. 27, 2015 for shareholders to meet and vote on proposals to spin off its sporting goods business, including Bushnell, and to merge the rest of the group with Orbital Sciences Corporation. The U.S. Department of Justice has unconditionnally approved ...
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News briefs
The Brien Holden Institute, the Australian research firm, has announced...
The Brien Holden Institute, the Australian research firm, has announced plans to launch a series of commercial entities in Australia, China, India, Europe and the U.S. that will be known as Brien Holden Vision companies. These units will market products for myopia and myopia control, presbyopia, and potentially blinding eye ...
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News briefs
Mitsui Chemicals, the Japanese lens materials specialist that took over...
Mitsui Chemicals, the Japanese lens materials specialist that took over Corning's SunSensors photochromic business last May, has formed a new U.S. company in San José, Whole You, to launch an improved version of PixelOptics' emPower electronic autofocusing technology for opthalmic lenses. As reported in VMail, Mitsui bought the related patents ...
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News briefs
Essilor will close its lens manufacturing plant in Ponce, Puerto...
Essilor will close its lens manufacturing plant in Ponce, Puerto Rico effective on or about June 30, 2015. The company said that some product from this facility will be absorbed by existing facilities within North America. The closure will affect 180 workers, who were informed of this decision in November, ...
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News briefs
VSP Vision Care has struck an agreement with Luxottica Retail,...
VSP Vision Care has struck an agreement with Luxottica Retail, which provides any of its 67 million members access to the latter's 506 Pearle Vision stores in the U.S. and Puerto Rico as special network providers of managed care, according to VMail. Some of the stores are already affiliated with ...
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News briefs
HTS Hans Torgersen & Sønn, a Norwegian supplier of...
HTS Hans Torgersen & Sønn, a Norwegian supplier of safety equipment that also markets the Swisseye brand of sports glasses, has acquired Top Look, a German manufacturer of eyewear frames. Christopf Ellwein remains chief executive officer of Top Look, which markets the Top Look, Maxey, ICU and TAO brands ...
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News briefs
New Look Eyewear, the Canadian optical retailer, has completed its...
New Look Eyewear, the Canadian optical retailer, has completed its acquisition of Greiche & Scaff, a Québec-based banner. The deal was valued at C$17.75 million (€12.44m-$15.57m), paid in cash at closing plus assumed liabilities, subject to customary price adjustments. Following the acquisition, New Look will have a combined store network ...
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News briefs
The Michael Pachleitner Group (MPG) created the MP Studio in...
The Michael Pachleitner Group (MPG) created the MP Studio in Graz on Sept. 1 to be used as a design studio for all its brands for graphic design, product design, communication with suppliers and other projects. Anthony Reid, who is the co-owner and managing director of the Robert La Roche ...
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News briefs
The Michael Pachleitner Group (MPG) merged on Sept. 1 the...
The Michael Pachleitner Group (MPG) merged on Sept. 1 the BGI Brillenglas Import-Export Corporation and the Luffup design agency, both owned by MPG, under one roof. Uniopt, the eyewear design and distribution company owned by MPG, will be incorporated on Oct. 1. The three individual companies will be merged under ...
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News briefs
Vision-Ease Lens has been acquired by Wind Point Partners in...
Vision-Ease Lens has been acquired by Wind Point Partners in a recapitalization move that should allow the company to devote more resources to global growth, according to Doug Hepper, president and chief executive of the American lens company. The terms of the acquisition were not disclosed. Another equity firm based ...
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Short stops
Allergan has agreed to hold a special shareholders' meeting on...
Allergan has agreed to hold a special shareholders' meeting on Dec. 18 in return for Pershing Square Capital Management and Valeant Pharmaceuticals dismissing their legal claims against the company
