All Corporate articles – Page 5
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News briefs
Bausch Health puts Bausch + Lomb sale on ice
Bausch Health Companies announced yesterday that it will continue to own 88 percent of Bausch + Lomb. The group confirmed that its management, along with Bausch + Lomb’s leadership, considered a sale transaction after a private equity firm expressed interest in acquiring the eye health subsidiary at a compelling valuation. ...
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ArticleFlō Optics ready to “disrupt the ophthalmic industry” after $35m cash injection
The Series A funding was led by “leading global entities from the ophthalmic industry,” the company said.
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ArticleLaclarée could have commercial autofocals next year, thanks to seed round
The French start-up adds a Chinese shareholder.
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ArticleSeaport-ODLM banks on portfolio diversification to boost export business
On the heels of a new European distribution partnership with Bollé Brands, French-based Seaport-ODLM is adding several brands to its portfolio in 2025 to address new market segments and grow outside its domestic market.
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ArticleZEISS looks for innovation in product, processes and business models to support commitment to global eye health
In December last year, ZEISS Group reported that sales of its consumer markets division, of which vision care is the main component, rose by 3 percent year-on-year to approximately €1.7 billion. The company stressed that, despite “a noticeable reluctance on the part of customers to spend,” vision care sales generated ...
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News briefs
Mister Spex adds “New Vision” and “New Mission” to business relaunch
After announcing both a new brand positioning and a restructuration plan in August last year, Mister Spex has now communicated its new vision and new mission. “We empower people to see and to be seen” was chosen for the earlier. As for the latter: “Our mission is to become the ...
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ArticleBliz Eyewear launches rebranding after EssilorLuxottica takeover
A specialist in sports eyewear, ski goggles and helmets, the Swedish brand Bliz Eyewear was acquired by the EssilorLuxottica Group in January 2024, joining the company’s sports portfolio and adding a new entry-level price point. This portfolio also includes the sports eyewear brands Oakley and Costa. But Bliz has actually ...
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ArticleBausch Health confirms it is exploring Bausch + Lomb sale
Pressed by the Canadian financial watchdog due to the high volatility of its stock price, Bausch Health has officially confirmed that it was actively looking at diversting its eye care subsidiary.
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News briefs
Lenskart to invest over $150m in new factory in Southern India
Lenskart has signed a momerandum of understanding with the state of Telangana in southern India, for the building of the “world’s largest eyewear manufacturing facility,” the region’s IT, industries and commerce minister announced in a message on X. The region’s official said that the Indian-based retail group would invest 1,500 ...
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ArticleEyewa secures $100m cash injection, plans to open 100 new stores in the Middle East next year
Competition in the Middle Eastern optical retail market is going to intensify further as eyewa, the fast-growing direct-to-consumer brand, just announced that it has raised $100 million in a new financing round to accelerate its store network expansion. The round was led by General Atlantic, a global investor with approximately ...
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News briefs
Fast-growing MEI beefs up infrastructure
MEI, the Italian-based manufacturer of equipment for lens laboratories and optical shops, has announced significant infrastructure investments to accomodate the fast expansion if its business. The company will double the surface of its headquarters from 10,000 to 20,000 square meters by the end of 2025, expanding the office and showroom ...
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ArticleTopcon reports slight eye care sales hike, invests in Ocumetra
The Japanese-based group sales inched up by 0.8 percent at constant rates, driven by major optical chains in North America and Europe. It is also investing in the myopia management segment through a strategic partnership with Ocumetra.
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ArticleZeiss Vision Care to cut production, staff at German plant
Rising costs appear to be hurting German competitiveness.
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ArticleJapanese optical retail chain goes public
Zoff, a Japanese retail chain with approximately 300 stores, went public earler this month. The company anticipates a 9 percent year-on-year revenue growth in 2024.
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News briefs
Optiswiss and IOT formalize and strengthen their partnership
Optiswiss and Indizen Optical Technologies (IOT) have announced that they signed last summer a strategic development partnership “to drive innovation in lens technology”, thus formalizing their collaboration. Both companies stressed that the new partnership would allow them to fully leverage synergies and optimally pool their shared resources. These most notably ...
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Article“The last thing we want to be is a product for geeks,” Morrow Eyewear CEO
Morrow Eyewear just launched the third generation of its liquid crystal multifocal glasses. CEO Frederiek Ysebaert explains the recent upgrades and discusses the startup’s mid-term roadmap in terms of product development and distribution.
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ArticleNikon stock value jumps on Essilux 5% stake news
Nikon Corporation stock price increased significantly after official filings revealed that EssilorLuxottica, its long-time partner in ophthalmic lenses, had increased its stake in the company to 5.1 percent.
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ArticleZEISS invests in light field display technology startup with vision care platform in mind
CREAL, a display technology startup based in Switzerland, has announced that ZEISS will license its light field display technology and integrate it into its vision care devices. By replicating real-world light to provide digital imagery with genuine depth, CREAL’s light field 3D display technology enables the digital replication of any ...
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News briefs
All Mister Spex resolutions approved at extraordinary general meeting
Mister Spex has announced that all the resolutions proposed by its supervisory board were adopted by its shareholders during an extraordinary general meeting held online last week.These included the confirmation of the general resolutions passed during the group’s annual general meeting in June, whose confirmation had become legally necessary following ...
