All Corporate articles – Page 47
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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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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Short stops
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
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News briefs
Giovanni Marcolin Coffen no longer controls Inmar, the family holding...
Giovanni Marcolin Coffen no longer controls Inmar, the family holding company that owns 25.04 percent of Marcolin. The change follows a reshuffle of voting rights among shareholders conducted on April 28. It was reported by Consob, the watchdog of the Italian stock exchange.
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News briefs
In response to growing demand for its luxury eyewear, TD...
In response to growing demand for its luxury eyewear, TD Tom Davis has increased the workforce by 22 percent at its workshop in Shenzen since last December. The British designer eyewear company, which won an award from Optician magazine at the recent Optrafair show in Birmingham, says it invited 12 ...
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News briefs
Emerging Vision has gone private, after merging with its majority...
Emerging Vision has gone private, after merging with its majority stockholder. The North American optical retail company is now a subsidiary of EMVI Holdings, the sole shareholder of EMVI Acquisition Corporation, which has a stake of just over 91 percent in Emerging Vision. The change saw Emerging Vision's major stockholders ...
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News briefs
Vision-Ease Lens has started up production again in Jakarta after...
Vision-Ease Lens has started up production again in Jakarta after a fire destroyed its plant there nearly a year and a half ago. Because of the fire, Vision-Ease suspended manufacturing of a number of products, but this has now resumed. The company has completely rebuilt the plant, using state-of-the-art manufacturing ...
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News briefs
Walgreens, the huge American drugstore chain, is buying Drugstore.com, parent...
Walgreens, the huge American drugstore chain, is buying Drugstore.com, parent company of VisionDirect.com and other online health and beauty sites. The price was said to be about $409 million. VisionDirect.com sells replacement contact lenses to large chains such as LensCrafters and PearleVision. The deal should close by the end of ...
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News briefs
Prescription Eyewear, the parent company of Glasses Direct, has bought...
Prescription Eyewear, the parent company of Glasses Direct, has bought Sunglasses Shop, described as the largest online retailer of designer sunglasses in Europe. Glasses Direct and Sunglasses Shop will continue to operate separately; combined, they are expected to sell 250,000 pairs of sunglasses a year with more than 8 million ...
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Short stops
The International Centre for Eye-Care Education has opened a Vision...
The International Centre for Eye-Care Education has opened a Vision Centre in a hospital of Ho Chi Minh City in Vietnam
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News briefs
Mitsui Chemicals has entered into a share purchase and transfer...
Mitsui Chemicals has entered into a share purchase and transfer agreement to acquire all shares of Acomon AG, a Swiss manufacturer and distributor of monomers for optical lenses. Through the deal, Acomon became a 100 percent owned subsidiary of Mitsui The share purchase and transfer was finalized on April 6. ...
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News briefs
To help keep pace with its growth, Safilens has opened...
To help keep pace with its growth, Safilens has opened a new logistics center in Venice with 1,800 meters of shelving to more easily manage increasing volumes of shipments – in five years, the company has gone from storing about 5,000 products to storing more than 28,000. The new center ...
