All Corporate articles – Page 4
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News briefs
Safilo keeps buying own shares for “future investment opportunities”
Safilo Group has appointed Keppler Chevreux as broker to implement its latest share buy-back program, which was approved by shareholders a few weeks ago. As reported then, a maximum of 15 million shares, or 3.6 percent of the outstanding shares, and a maximum cash amount of €18 million have been ...
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ArticleDelfin shareholders reportedly seek exclusive focus on Essilux investment
A majority of shareholders in the Del Vecchio family holding company Delfin would like Delfin to focus exclusively on its investment in EssilorLuxottica and dispose of non-core investments in financial companies, according to a report in the Italian financial daily Il Sole 24 Ore. Delfin is the largest investor in ...
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News briefs
Bausch + Lomb announces refinancing plans update
Bausch+Lomb Netherlands B.V. and Bausch & Lomb Incorporated have increased the size of their senior secured floating rate notes due 2031 from the initially planned aggregate of €600 million to €675 million, the group has announced. The notes will be sold to investors at a price of 99.5 percent of ...
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News briefs
Google reportedly planning to invest $100m in Gentle Monster
Google is about to invest 145.9 billion Korean won ($100m) in iiCombined, the mother company of South Korean eyewear brand Gentle Monster, according to a press report by The Korea Economic News Daily. Both companies are reportedly in the final negotiation stages for a deal that would give Google a ...
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News briefs
Conant invests in Japan production to mitigate US tariffs exposure
Shanghai Conant Optical is planning to invest $54 million in the building of a new automated RX lens production line in Japan through its Asahi-Lite subsidiary, the group said in a statement last month. The new facility will focus on the production and sales of high-end customized lenses and will ...
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News briefs
Vuzix secures Quanta investment second tranche
Vuzix has announced that it has received the $5 million tranche investment from Taiwanese-based tech group Quanta Computer, bringing its total investment to date to $15 million. As reported then, Quanta and Vuzix announced a $20 million partnership in September last year, with an initial $10 million investment and two ...
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ArticleDEG takes over MENRAD’s house brand and three license deals
Design Eyewear Group is acquiring the MENRAD brand as part of the German eyewear group’s “unfortunate insolvency,” announced at the end of last month. The Danish-based group is also taking over three license agreements that MENRAD had with the Jaguar, JOOP! and Morgan brands. The four brands, for ...
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News briefs
Lenskart prepares for IPO
Indian-based optical retailer Lenskart changed its registered name from Lenskart Solutions Private Limited to Lenskart Solutions Limited on May 30 during a special board meeting. According to several Indian business news outlets, the official name change will allow the company to launch its initial public offering. However, no detailed schedule ...
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News briefs
EssilorLuxottica issues €1bn bond
EssilorLuxottica successfully launched a bond issuance for €1 billion yesterday, with the order book peaking at €2.5 billion and attracting quality institutional investors, the group said. The bond, which will mature in January 2030, carries a coupon of 2.625 percent with a yield of 2.76 percent. The group said that ...
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ArticleAerial Vision invests in 'plug-and-play' eyewear e-commerce startup
GoHub, an Israeli-based tech startup aiming to open the online optical market to more retail players, is joining forces with AVI. The tech-and-logistics partnership is boosting GoHub’s offering and reach.
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News briefs
Topcon Healthcare invests in AI health tech company
Topcon Healthcare is making a strategic investment in Pangaea Data, a health tech and artificial intelligence (AI) company specializing in the automatic identification of untreated or under-treated patients for health care practitioners. Pangea Data operates offices in San Francisco, London and Hong Kong. The company’s platform, already deployed in several ...
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News briefs
Inspecs founder to step down from the company’s board
Inspecs Group has announced that Robin Totterman will step down from his role as executive chairman at the company’s annual general meeting on June 3. Christopher Hancock, the group’s senior independent director will take over the role until a new non-executive chairman is appointed, no later than the end of ...
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ArticleMenrad Germany to close after over 125 years of business
Insolvency proceedings for the assets of Ferdinand Menrad GmbH + Go. KG started at the end of May, appointed administrator PLUTA Rechtanwalts announced in a press release yesterday, adding that it was currently in negotiations with several companies that have expressed interest in Menrad’s trademark rights and, in one case, ...
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News briefs
British DTC eyewear brand raises £3m to support international expansion
Bloobloom – a UK-based brand of “designer eyewear at a fair price,” by its own description – has raised £3.0 million (€3.6m) in a second funding round with Pembroke VCT, a London-based investment fund, as main investor. Pembroke accounted for over half of a £4.8 million (€5.8m) round in 2022. ...
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News briefs
Mister Spex CEO buys €100,000 worth of company shares
Mister Spex announced last week that Tobias Krauss, its recently appointed CEO, has purchased 70,000 shares of the company for a value of approximately €100,000. Krauss is underscoring his long-term confidence in the strategic direction and growth potential of Mister Spex with this share purchase, the company said. As ...
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ArticleHakim Group gets more private equity support
Hakim Group, a leading player in the UK and Ireland’s optical distribution channel, has announced that ICG, a global private equity firm with over $110 billion in managed assets, was joining the business as an additional investment partner. The raised funds, the amount of which was not disclosed, will support ...
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ArticleGoogle kicks off smart glasses platform with multiple eyewear partnerships, including investment in Warby Parker
“As you know, we have been building glasses for over ten years. And we have never stopped,” said Shahram Izadi, Vice President and General Manager of Google’s Android XR unit, at the group’s I/O developers conference yesterday before opening its smart glasses presentation. The introductory remark was probably meant to ...
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News briefsTopcon invests in Eye-Go
Topcon Healthcare has invested in a Danish medical-tech company called Eye-Go and is helping it to develop a product called MistGo Digital, to be incorporated into Topcon’s Harmony digital health platform. Neither company has disclosed any figures. Source: Eye-Go Eye-Go’s MistGo device. The original MistGo is a ...
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ArticleInspecs Group rejects shareholder proposal to replace Robin Totterman as company director
In a regulatory news update, Inspecs Group announced yesterday that it has received a requisition notice by Downing, a private equity firm and its third largest shareholder, requesting a shareholders vote on the removal of Robin Totterman as a director of the company as well as the appointment of Rocco ...
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ArticleEssilorLuxottica to increase its lens capacity in France by 40% with new industrial site
French President Emmanuel Macron inaugurated yesterday EssilorLuxottica’s Excellence Rx Laboratory, or Labex according to the group’s terminology, a new industrial facility located in Wissous, in the suburbs of Paris and close to the company’s Innovation & Technology Center in Créteil. EssilorLuxottica stressed that the laboratory, which spreads over 16,000 square ...
