All Corporate articles – Page 7
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News briefs
Quanta Computer to invest $20 m in Vuzix
Quanta Computer, the Taiwanese-based IT company, is set to invest about $20 million in three tranches in Vuzix, the embattled smart eyewear manufacturer. In a first $10 million investment tranche, Quanta will acquire approximately 7.7 million Vuzix shares at $1.3 per share, or about 45 percent higher than their current ...
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News briefs
EssilorLuxottica issues €2 billion bond
EssilorLuxottica has announced the successful issuance of a bond for a total amount of €2 billion, coming with 4.5 and 7.5 year tranches and an average rate, after hedging, of 2.99 percent. The order book peaked at close to €5 billion, attracting quality institutional investors, demonstrating high confidence in EssilorLuxottica’s ...
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ArticleAerial Vision buys 5.3% of iVision Tech, becomes a strategic partner
Aerial Vision International (AVI) has acquired a 5.31 percent stake in iVision Tech while the investment group Algebris Investments Limited raised its holding in the Italian eyewear supplier to 8.48 percent from a previous 3.34 percent through an accelerated bookbuilding transaction. In addition to being a new shareholder, AVI is ...
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News briefsMister Spex adds a Chief Restructuring Officer to its management team
This is the latest shift in its restructuring plans.
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ArticleMister Spex to close all international stores under new restructuring plan
Embattled German optical retailer Mister Spex is launching another restructuring plan which it expects will increase Ebitda by over €20 million in 2025 and 2026. The main measure calls for the immediate closure of all international shops.
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ArticleTokai looks to expand commercial and industrial footprint outside Japan
Limited by a gradually shrinking domestic market, Japan-based lens manufacturer is looking abroad for growth, notably in the US and the Middle East.
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News briefs
CooperVision builds new facility in the UK
CooperVision has annouced the building of a new, state-of-the-art technical, commercial and business hub in Southampton, UK. Called the Vision Centre and set for completion in 2026, the 10-000 square meter facility will regroup the company’s UK-based R&D and global technical innovations teams and various commercial functions under the same ...
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ArticleMister Spex founder and CEO steps down, former Luxottica manager takes key role
Effective July 31, 2024, Dirk Graber, founder of German-based retail group Mister Spex, is stepping down from his role as CEO of the company after the supervisory board accepted his request to be relieved from his duties. The announcement, which comes only a few months after the departure of former ...
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ArticleMeta reportedly in discussion to take a 5% stake in Essilux
On the day following the announcement of streetwear brand Supreme by EssilorLuxottica, both the Financial Times and the Wall Street Journal (WSJ) reported that Meta was in talks to acquire a 5 percent stake in the Italo-French eyewear group. The news sent EssilorLuxottica’s share price back up after a 4.5 ...
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News briefsZeiss opens a combined R&D center and factory in China
Zeiss Group opened a combined R&D center and factory on July 8 at Suzhou Industrial Park, near the delta of the Yangtze River. This is the first time in its 67 years of operation in the country that Zeiss has purchased land in China. There, the company has built a ...
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ArticleMultiópticas changes its corporate structure
The Spanish chain Multiópticas is making the transition from cooperative to limited company, according to Modaes. The decision came down at its general meeting, held on June 26, and is intended to consolidate its domestic and foreign distribution network. Members of the cooperative will henceforth be partners. Multiópticas was founded ...
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News briefs
Safilo Group launches share buyback program
Safilo Group has announced the launch of a share buyback program for a maximum of 11 million shares, or 2.7 percent of currently issued shares, between July 1 and Dec. 1, 2024. The program, which was approved by shareholders during Safilo’s annual meeting in April, is aimed at servicing the ...
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ArticleKirk & Kirk turns to crowfunding for marketing budget boost
Kirk & Kirk is about to complete a crowdfunding campaign for £150,000 (€177,000) by selling approximately 7 percent of company shares on Crowdcube, a crowdfunding platform focusing on European start-ups. Jason Kirk, CEO, and Karen Kirk, Creative Director, each hold 36 percent of the family business. At the date of ...
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ArticleJ.F. REY new owners look to balance brand DNA and changes while navigating supply chain issues
Almost three years after the acquisition of J.F. REY by a Franco-German trio of investors including Dan Levi and Ralf Kmoch of Visibilia, and Walter Pirinoli of Visioptis, we sat down with the French executive to discuss the evolutions and future strategic orientations of the Marseille-based designer eyewear brand. “While ...
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News briefs
Lenskart new $200m fundraising confirmed
Indian-based retail group Lenskart has raised $200 million in secondary investments from private equity funds Temasek and Fidelity Management & Research Company (FMR). The operation, which leaked in the Indian business press last month, was officially confirmed earlier this week by Avendus, the financial advisor to Lenskart on this transaction. ...
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News briefs
ZEISS business units reshuffle to provide more clarity on vision care performance
ZEISS Group has announced that it would launch a new strategic business unit, ZEISS Photonics & Optics, effective from its next fiscal year starting Oct. 1, 2024. The new division will include businesses previously included in the group’s Consumer Markets segment (cinematography, mobile imaging, photo, and the optics business for ...
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ArticleWalgreens hoping to divest Boots in the UK
Walgreens Boots Alliance (WBA) is once again looking to sell off its drugstores in the UK, “according to people familiar with the matter,” as Bloomberg reports. There are as yet no formal proceedings, and WBA has declined our invitation to comment on the sale. The original merger between Walgreens and ...
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News briefs
Zeiss expands Innovation Hub in Dresden
ZEISS announced that it was expanding its Innovation Hub located in Dresden, Germany, during an opening ceremony last week. The group’s Innovation Hub’s twelve employees will share the 700 square meter site with teams from ZEISS Microscopy. The aim of the Dresden Innovation Hub team is to identify new technologies, ...
