All Corporate articles – Page 45
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News briefs
Orange 21 has changed its name back to Spy Inc.,...
Orange 21 has changed its name back to Spy Inc., with effect from Feb. 15, after merging with its Spy Optics subsidiary. The move follows the management's decision to concentrate on its core Spy brand of glasses. It pulled out of its Italian laboratory, LEM, at the end of 2010. ...
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The Vision Council in the U.S. has absorbed the Optical...
The Vision Council in the U.S. has absorbed the Optical Laboratories Association (OLA), which will now be called the Optical Lab Division of The Vision Council. The merger has been in the works for a while, with a letter of intent signed in January 2010 and a letter of agreement ...
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Essilor has acquired majority stakes in two Chinese companies as...
Essilor has acquired majority stakes in two Chinese companies as part of its efforts to develop its business there. It bought into Jiangsu Youli Optics Company, a maker of ophthalmic lenses based in Danyang that has about 1,000 employees in its three production facilities. Essilor also took a majority stake ...
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VSP Global has acquired majority stakes in two wholesale prescription...
VSP Global has acquired majority stakes in two wholesale prescription laboratories that it owns with Carl Zeiss Vision. VSP bought out some of the management team's shares in Perfect Optics of Vista, California, which has prescription sales of $12 million. It also took a majority interest in CZV Florida in ...
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Short stops
Bridgewater Bros. Holdings of the U.K. has acquired Europtica, a...
Bridgewater Bros. Holdings of the U.K. has acquired Europtica, a supplier of filtration and chilling systems for the lens production industry
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News briefs
Alain Afflelou, the optician and former controlling shareholder of the...
Alain Afflelou, the optician and former controlling shareholder of the French optical retail chain bearing his name, has gone on record as saying that he plans to buy back some of the shares in the company and to hand out others to members of the management. He currently owns 23 ...
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News briefs
Jobson Medical Information Holdings, the American company that produces Vision...
Jobson Medical Information Holdings, the American company that produces Vision Monday and other publications and market studies through its Jobson Optical Group, has announced an agreement with the majority of its lenders to amend and extend its credit facility and strengthen its balance sheet through a “pre-packaged” plan of Chapter ...
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News briefs
As part of its efforts to expand in Italy and...
As part of its efforts to expand in Italy and throughout Europe, Marchon Group has opened a new marketing and brand management subsidiary, Marchon MB, in Treviso, Italy. This follows the opening of a distribution center in Fortogna and the expansion of its Style Center and production departments in Puos ...
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News briefs
Bausch + Lomb is planning to go back to the...
Bausch + Lomb is planning to go back to the stock market after its acquisition by the Warburg Pincus investment fund in 2008, says Les Echos, a French financial daily, without indicating the timing of the move. It says B+L is investing €3.5 million in its three sites in France, ...
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Pro Fit Optix, the recently recapitalized optical technology company based...
Pro Fit Optix, the recently recapitalized optical technology company based in Texas and run by Ruedi Suter, has announced that it has changed its name to PFO Global; it unveiled a new logo this week. The company said the new name better represents the company, which now provides eyewear, mobile ...
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News briefs
Renzo Rosso, the Italian entrepreneur who owns the Diesel brand...
Renzo Rosso, the Italian entrepreneur who owns the Diesel brand of denim jeans, has acquired a 2.018 percent share in Marcolin through one of his investment vehicles, Red Circle Investments. In October 2010, Diesel signed a five-year eyewear licensing deal with Marcolin for five years, replacing the contract that it ...
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Menicon has bought W.I. System, operator of 68 retail stores...
Menicon has bought W.I. System, operator of 68 retail stores and one franchise in the Tokyo area under the banners of Ace Contact and Ekicon. Menicon, based in Nagoya, is taking on W.I. System as a wholly owned subsidiary; terms of the deal were not released. The acquisition will boost ...
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News briefs
Bausch + Lomb has bought Laboratorio Pfortner Cornealent SACIF, the...
Bausch + Lomb has bought Laboratorio Pfortner Cornealent SACIF, the controlling entity of Waicon, the market leader in contact lenses and lens care products in Argentina. This acquisition will make B+L the leading eye health company in the country. The Pfortner chain of retail optical shops will remain independent and ...
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Indo has reportedly sold its subsidiary in Chile to a...
Indo has reportedly sold its subsidiary in Chile to a local company, Megalux
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News briefs
Marchon Eyewear completed its move into new headquarters in October,...
Marchon Eyewear completed its move into new headquarters in October, combining the operations of two other buildings and adding 12,000 square feet to their combined area for a total of 62,000. About 225 employees work at the headquarters on Old Country Road in Melville, New York, in executive management, human ...
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News briefs
While the liquidation procedure continues for Area, Area 98,...
While the liquidation procedure continues for Area, Area 98, the new company that is taking over most of its activities thanks to the intervention of China-based King Song and an Italian furniture manufacturer, FEM, is now set for business. Beatrice Fasan, the owner of FEM, has sold her 33 percent ...
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Bridgepoint, Apax Partners and the other shareholders of Alain Afflelou...
Bridgepoint, Apax Partners and the other shareholders of Alain Afflelou have apparently dropped plans to place the French optical retail group again on the stock exchange, which is languishing. A French magazine speculated that Luxottica or Fielmann may be interested in taking over the chain, but officials of both companies ...
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Ametek, an American manufacturer of electronic instruments and electromechanic devises...
Ametek, an American manufacturer of electronic instruments and electromechanic devises with annual sales of $3 billion, has paid $150 million to acquire Reichert Technologies, the maker of ophthalmic instruments. Reichert was previously owned by Beecken Petty O'Keefe & Company, a private equity firm. The U.S. company, which has a European ...
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The Christoffel Blindenmission (CBM) reports on the opening of one...
The Christoffel Blindenmission (CBM) reports on the opening of one of the world's biggest hospitals for the blind in a former marsh area in Nepal. Inaugurated on Nov. 15 by Ram Baran Yadav, president of Nepal, it can treat up to 1,500 patients per day. The complex stems from a ...
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Etnia Barcelona, a Spanish eyewear brand with offices in Barcelona,...
Etnia Barcelona, a Spanish eyewear brand with offices in Barcelona, Miami and Hong Kong, has purchased 80 percent of the Zhong Shan production site in China. The company invested €500,000 in the acquisition of machines for this Asian supplier, which has been manufacturing its frames. Now, being majority shareholder, Etnia ...
