All Corporate articles – Page 46
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Alain Afflelou has mandated two banks, Société Générale from France...
Alain Afflelou has mandated two banks, Société Générale from France and Citibank from the U.S., to work on its possible reintroduction on the stock exchange. It would take place at the end of 2011 or the beginning of 2012 if market conditions are right and the company is not sold ...
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The headquarters of Davis Vision in Plainview, New York, is...
The headquarters of Davis Vision in Plainview, New York, is moving to San Antonio, Texas, the company has announced. The move affects only the corporate and administration offices – and about 100 employees – as sales and client management, manufacturing, customer service, and the IT center in the Plainview area ...
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Several optical retailers housed in the department stores of TJ...
Several optical retailers housed in the department stores of TJ Hughes have shut down following the bankruptcy proceedings of the British retail chain
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The Prada group received €24.0 million in fees, paid on...
The Prada group received €24.0 million in fees, paid on a quarterly basis, from Luxottica for the worldwide license agreement covering the Prada and Miu Miu brands during the fiscal year ended on Jan. 31, 2011. The Italian fashion group obtained €23.2 million in fees during the previous fiscal year ...
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Essilor of America has started construction on a 43,000-square-foot Innovation...
Essilor of America has started construction on a 43,000-square-foot Innovation and Technology Center in Texas, set to open in April 2012. It will combine the R&D center, currently based in Florida, with the engineering operations, with a total workforce once combined of 75.
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Bridgepoint and Apax Partners, which own 56% and 20% of...
Bridgepoint and Apax Partners, which own 56% and 20% of Alain Afflelou, respectively, are reportedly considering a possible new flotation of the French optical retail chain on the stock exchange as an alternative to the sale of their shares
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News briefs
Approval was given to the 50 percent acquisition of Shamir...
Approval was given to the 50 percent acquisition of Shamir Optical Industry by Essilor when a district court in Israel said the deal could go ahead. Shamir's shareholders have already OK'ed the acquisition; the final hurdle is the approval of the Federal Trade Commission of the U.S.
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News briefs
Luxottica's founder and chairman, Leonardo Del Vecchio, 76, has found...
Luxottica's founder and chairman, Leonardo Del Vecchio, 76, has found a solution to bequeath his wealth to the six children – Claudio, Marisa, Paola, Leonardo Maria, Luca and Clemente – he had with three wives, according to the daily La Repubblica. The daily said that each child will have a ...
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Federgruppi Ottica, an Italian federation of buying groups, has gained...
Federgruppi Ottica, an Italian federation of buying groups, has gained a new member – Rome-based Free Optik. Its 200 members take Federgruppi Ottica to a total of 1,500 opticians affiliated to its six member groups. Alongside the newcomer, these are Argo Vision, Gruppo Opto In, Ottici Associati, Oxo Italia and ...
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News briefs
The key operations of Ciba Vision will move by next...
The key operations of Ciba Vision will move by next October from its head office from Atlanta, Georgia, to Alcon's U.S. office in Fort Worth, Texas, following their recent merger into a new Alcon Vision Care unit controlled by Novartis. Ciba will continue to operate in the Atlanta region in ...
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Luxottica plans to manufacture some of its eyewear in Turkey,...
Luxottica plans to manufacture some of its eyewear in Turkey, Mexico and Brazil, along with existing production sites in Italy, China and India, the company's chief executive, Andrea Guerra, said in an interview with the daily La Repubblica. The group is investing a lot to develop its presence in Chile, ...
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Fabris Lane has put out a press release stating that...
Fabris Lane has put out a press release stating that it is actively seeking to purchase an established optical distribution business, possibly one that may also license some strong consumer brands. The British company claims to be the largest supplier of sunglasses in the U.K., selling also in 34 other ...
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On June 16, Safilo will redeem €60 million worth of...
On June 16, Safilo will redeem €60 million worth of high-yield bonds in advance through its subsidiary Safilo Capital International. The buyback represents 30.8 percent of its outstanding bonds, reducing the amount of notes in circulation to €135 million from €195 million. The bonds, which are due to expire in ...
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Johnson & Johnson is spending $21.3 billion to acquire Synthes,...
Johnson & Johnson is spending $21.3 billion to acquire Synthes, a huge supplier of medical equipment and orthopedic protheses. The takeover, which is the biggest one it ever made, turns J&J into the leader in the global market for orthopedic surgery, which is growing rapidly and is estimated at $37 ...
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Bausch + Lomb is going to spend €70 million to...
Bausch + Lomb is going to spend €70 million to expand its manufacturing facility in Waterford, Ireland, using the investment to help keep the plant's current workforce of 1,100
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The German optical retailers' association, ZVA, has struck a strategic...
The German optical retailers' association, ZVA, has struck a strategic agreement with www.brillenanprobe.be, a German internet portal for virtual try-ons of spectacles. ZVA plans to make its services available to more than 6,000 retailers and up to 2 million customers this year, creating the biggest internet portal for German end ...
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Atol, a French opticians' cooperative, reports that a total of...
Atol, a French opticians' cooperative, reports that a total of six outlets have already been opened as part of its Archipel project, which helps young opticians to finance the start-up of relatively large stores that would otherwise be beyond their means. The cooperative, which expects to reach a total of ...
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Vision-Ease Lens is buying a cast resin factory in Bangkok...
Vision-Ease Lens is buying a cast resin factory in Bangkok as part of its effort to expand in Asia. The plant, which it is buying from Indelor Lens (Thailand) Company Ltd. (Indo) once governmental and other conditions are met, will help Vision-Ease expand its ability to make advanced technology and ...
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Bridgepoint Capital indicates that it has started a strategic review...
Bridgepoint Capital indicates that it has started a strategic review that may lead it to cash out of its majority stake of 57 percent in Alain Afflelou. The investment fund is studying several options including a sale of the shares or a return to the stock exchange for the French ...
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News briefs
Delker Optik, a German chain of optical retail stores, is...
Delker Optik, a German chain of optical retail stores, is investing €1 million to build a new head office and laboratory at Eisenberg. It should become operative next November. Delker has also hired new collaborators to expand the activities of its web shop, which went online at the end of ...
