All Corporate articles – Page 37
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News briefs
Safilo has scheduled an extraordinary meeting of its shareholders on...
Safilo has scheduled an extraordinary meeting of its shareholders on July 10 to vote on a proposal to convert bonds worth €150 million into ordinary shares through the issue of new shares. The bond was going to mature in 2019. Meanwhile, Moody's has upgraded the Safilo Group's credit rating from ...
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News briefs
Luxottica will rent a building of 11,325 square meters in...
Luxottica will rent a building of 11,325 square meters in Via San Nicolao, near Milan's Cadorna railway station, for its new headquarters from a big real estate group, Beni Stabili, which is indirectly controlled by Leonardo Del Vecchio, Luxottica's founder, main shareholder and chairman. The lease starts on Aug. 1 ...
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News briefs
Valeant Pharmaceutical International and Bill Ackerman, the activist investor who...
Valeant Pharmaceutical International and Bill Ackerman, the activist investor who runs Pershing Capital Management, are putting additional pressure on Allergan's shareholders and its board of directors to approve their takeover proposals. Valeant has increased its offer to buy Allergan twice. One week ago, it was prepared to pay a total ...
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News briefs
Andrea Guerra, chief executive of Luxottica, sold in the last...
Andrea Guerra, chief executive of Luxottica, sold in the last few days 1.25 million shares in the Italian group at €41.50 each for €51.8 million. The transaction gave him a net gain of nearly €35 million as he had gotten the shares as an option at a price of €13.45 ...
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News briefs
The Hilsinger Company, which is better known as Hilco, has...
The Hilsinger Company, which is better known as Hilco, has gone through a fourth change of ownership through a recapitalization conducted by Blue Point Capital Partners, a private equity firm based in Charlotte, Cleveland, according to VMail. The American company supplies opticians and consumers with more than 20,000 different products ...
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News briefs
Coburn Ikuvu, a new joint venture between Coburn Technologies and...
Coburn Ikuvu, a new joint venture between Coburn Technologies and Ikuvu Optical Equipment, is opening an office in Danyang, China. This new office will store spare parts and aftermarket consumable items for local customers. It will also serve as a central hub for the company's service operations in China. The ...
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News briefs
Zeiss Vision Care invested more than €10 million in the...
Zeiss Vision Care invested more than €10 million in the modernization and improvement in efficiency of its site in Aalen during 2014-15. With this investment, Zeiss Vision Care aims to prepare the company's research and development, customer service, and lens production departments in Germany for the future. In the framework ...
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News briefs
Alcon has inaugurated a new manufacturing plant in Singapore to...
Alcon has inaugurated a new manufacturing plant in Singapore to produce ophthalmic pharmaceutical products. Construction on this 330,000-square-foot facility, located in the Tuas Biomedical Park, began in 2009, and represents an investment of around S$200 million (€114.85m-$159.27m). The location was strategically chosen to be closer and able to respond quickly ...
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News briefs
Luxottica's board of directors has approved the attribution of up...
Luxottica's board of directors has approved the attribution of up to 1,205,280 shares to 614 beneficiaries this year as part of the group's “Performance Shares Plan 2013-2017.” The total cost of the scheme for the company is estimated at €49.5 million. Luxottica's chief executive, Andrea Guerra, received 42,000 shares with ...
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News briefs
Neil Barrett, a British fashion designer who launched his own...
Neil Barrett, a British fashion designer who launched his own label after years of experience with Prada and Gucci, is launching a first collection of unisex sunglasses, to be sold from next September alongside his fashion collections in some of the 300 stores that carry his brand worldwide. They are ...
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News briefs
Carl Zeiss Vision is said to be changing hands again....
Carl Zeiss Vision is said to be changing hands again. We have heard that its parent company, the Carl Zeiss group, has signed a letter of intent with a Japanese chemicals company, but we have been unable to get the rumor confirmed or denied by the time of closing this ...
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News briefs
Alan Wells, founder of Sauflon and a member of the...
Alan Wells, founder of Sauflon and a member of the family that owns the innovative U.K.-based contact lens company, categorically denies a rumor that it discussing or negotiating its sale to Essilor International. It would have been Essilor's first big move into the contact lens sector.
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News briefs
All the Ciba Vision products will gradually change their name...
All the Ciba Vision products will gradually change their name to Alcon in the packaging through January 2015. The process started in January of this year with the Dailies AquaComfort Plus line.
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News briefs
Max Pittion, a French sunglass brand that went out of...
Max Pittion, a French sunglass brand that went out of business in the 70s, is being revived by John Mayer, the American Grammy-winning musician also known for his relationship with British singer Katy Perry. Mayer, who has acquired the manufacturing license for the brand, is teaming up with Tommy Ogara ...
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News briefs
PFO Global, the ubiquitous U.S.-based provider of clever optical solutions...
PFO Global, the ubiquitous U.S.-based provider of clever optical solutions run by Rudolf Suter, is capitalizing on the Affordable Health Care Act being implemented in the U.S. under the administration of President Barack Obama. Known also as “Obamacare,” it is expected to benefit many other eye care companies. Just before ...
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Short stops
Essilor plans to close down its Gentex Optics manufacturing facility...
Essilor plans to close down its Gentex Optics manufacturing facility for polycarbonate in Carbondale by next Oct. 1, but it will continue to operate another factory for the same material in Dudley, Massachussets
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News briefs
A top executive of Maui Jim denies a report that...
A top executive of Maui Jim denies a report that Luxottica is about to take over his company, noting that it is not the first time that the rumor is surfacing. Luxottica had taken out Maui Jim from its Sunglass Hut stores some time ago in an apparent attempt to ...
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News briefs
Scrivens Opticians & Hearing Care in the U.K. has acquired...
Scrivens Opticians & Hearing Care in the U.K. has acquired 19 stores from Rayner Opticians for an undisclosed amount. All 19 branches will remain open and will be fully rebranded to Scrivens by June 2014. For Scrivens, founded 75 years ago in Birmingham, this is a strategic move, taking the ...
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News briefs
Ocuco, the Irish-based provider of the Acuitas and Focus Practice...
Ocuco, the Irish-based provider of the Acuitas and Focus Practice Management Systems (PMSs), has engaged The Worshipful Company of Spectacle Makers to train Ocuco's staff in the U.K. and Ireland in optical practice. The program addresses all 75 of Ocuco's employees in the two countries, including both technical support and ...
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News briefs
Essilor and De Rigo have signed a partnership agreement for...
Essilor and De Rigo have signed a partnership agreement for their Spanish business. Essilor will run lens assembly and logistics for General Optica, De Rigo's optical retail chain in Spain, which has 250 stores in the country. As part of the deal, Essilor will also support General Optica in the ...
