All Corporate articles – Page 5
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ArticleMenrad Germany files for insolvency
Menrad Group has announced that Ferdinand Menrad GmbH, its German entity, has entered insolvency proceedings due to an expected future liquidity bottleneck. The insolvency proceedings only concern the German legal entity of the group. Its subsidiaries in Austria, France, Switzerland, the Netherlands, the UK, Italy, Poland, Turkey and Brazil, as ...
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News briefs
1-800 Contacts launches prescription glasses online shop
1-800 Contacts, the leading US e-commerce player in the contact lens segment, has announced its entry into the prescription glasses market with the launch of The Framery, an online shop that “gives everyone access to premium frames without the designer markup,” the company says. Prescription frames available on the website ...
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News briefs
Bausch Health announces debt refinancing plans
Bausch Health has announced that it is starting a $4 billion offering of new senior secured notes due 2032 and that it also plans to establish new senior credit facilities for at least $3.8 billion. These initiatives are aimed at refinancing the pharmaceutical group’s $21 billion debt, of which approximately ...
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ArticleVisottica forges close-knit relations with customers and expands into new industries
Rinaldo Montalban, Chairman, discusses the consolidation of the group’s production activities in Italy, its plans for a new factory in Thailand, its sustainability initiatives and the increasing personalization of eyewear components, among other topics.
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News briefs
Rodenstock to close Optovision plant
Rodenstock Group announced on Friday last week that it would be terminating the production of lenses at its Optovision unit in Langen, Germany, and relocating it “primarily”’ to its largest and most modern production site in Klattau, Czech Republic. The announcement follows six months after a similar one concerning the ...
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ArticleElectronics blue light specialist steps into eyewear, aims to establish new standards
Partnering with global consumer electronics brands such as Dell, HP or Samsung, Eyesafe has focused until now on devices for its blue light products. The company is now entering the eyewear market in the US with a wholesale and direct-to-consumer approach.
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News briefs
Indian grapevine abuzz with $10bn valuation for Lenskart ahead of rumored IPO
Lenskart has long been rumored to be considering an initial public offering (IPO) to further accelerate its development. While the group has not made an offical announcement yet, several Indian business news outlets have reported that the India-based optical retailer was preparing to file its IPO draft papers in May ...
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News briefsPrats to open factory in Colombia
Prats, the Spanish producer of ophthalmic lenses, will be opening a factory in Colombia over the course of this year, according to the Spanish trade paper Moda en Gafas (MeG). Production and R&D Director Jorge Ramírez has told MeG that the group’s investment in the site amounts to €16 million. ...
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News briefs
Tokai opens new plant in the UAE
TOKAI OPTICAL has announced the completion of a new factory, TOKAI OPTICAL MEA (FZC), located in the Sharjah Airport International Free Zone (SAIF) in the United Arab Emirates. The new production facility, a joint project with Tokai Optecs, the group’s Belgian-based joint venture, is aimed at expanding the Japanese-based lens ...
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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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