All Corporate articles – Page 7
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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, ...
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News briefs
Ongoing investment talks reportedly value Lenskart at $5 billion
Temasek and Fidelity, two private equity funds are close to invest $200 million in Lenskart through a secondary share transaction that would value the Indian-based optical retail group at approximately $5 bn, The Economic Times reports. Singapore-based Temasek already owns an estimated 5 percent share in Lenskart but US-based Fidelity ...
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ArticleHinge specialist OBE Präzision adds Vietnam to industrial base, invests in smart eyewear and 3D printing
On the heels of the group’s investment in Italy, where it acquired OMM, a supplier of metal components for high-end eyewear manufacturers, we sat down with Erik Schäfer, CEO of OBE Holdings, mother company of hinge specialist OBE Präzision. “As a supplier of key components to the eyewear industry, ...
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News briefsHoya communicates new IT incident update
In a new information update published earlier today on the IT incident that has been affecting the group’s operations since March 30, Hoya Corporation announced that, as of April 23, most of its business divisions had restored their production and ordering systems. However, the group added that some units were ...
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News briefsHoya expects IT incident full recovery next week
On April 9, Hoya Vision Care released on its global website a new information update regarding the IT incident that has been affecting its production and order systems since March 30. The Japanese-based lens maker said that it was now expecting all its systems to be back online in the ...
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News briefs
Menicon promotes EMEA chief from within, acquires French specialty CL supplier
Japanese-based contact lens maker Menicon has announced the promotion of Remco Engelhart to the position of Menicon EMEA CEO. A seasoned manager with over thirty years of experience in the eye care sector, including previous positions at CooperVision, Bausch + Lomb or Sauflon, Engelhart joined Menicon Europe in 2017. Since ...
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ArticleHoya production and order systems greatly affected by cyberattack
Please click here for the most recent update on this news. Hoya Corporation announced on April 4 that, following the discovery on March 30 of an IT system failure at one of its overseas subsidiaries, some of the group’s production plants and order systems for several products had been ...
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ArticleNew management structure and increased retail focus for MPG
Following the death at the end of 2023 of Dr. Michael Pachleitner, its founder and CEO, the eponymous MPG (Michael Pachleitner Group) is entering a new era of its history with a new management structure and a strategic focus on the development of its retail business unit. We sat down ...
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News briefs
Menicon to build a new factory in Japan
Japanese-based contact lens maker Menicon has announced the acquisition of a 93,000 square-meter site in Fukui prefecture, Japan. The company will build there what will become its largest domestic production site for contact lenses and lens care products and is also considering the establishment of research and development operations related ...
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ArticleMazzucchelli takes further steps on sustainability journey
Mazzucchelli 1849 is building a new factory in its hometown of Castiglione Olona in northern Italy, set to be opened in the second half of this year. Giampietro Pedrazzini, CEO, spoke to us recently about how that facility fits into Mazzucchelli’s plans to reduce its environmental footprint, along with other ...
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News briefs
Menicon partners with Japanese universities for research on CL materials and recycling
In a double initiative aimed at researching next-generation materials for contact lenses and at recycling plastic waste generated for their distribution, Menicon has announced the creation of the Research Center for Miru Mirai (litterally “see” and “future” in Japanese) in partnership with the Tohoku University. The University of Tokyo will ...
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News briefs
Serengeti Eyewear operations return to the U.S.
Bollé Brands has announced that it was moving its global Serengeti Eyewear operations from Lyon, France, to its U.S. headquarters in Carlsbad, California in order to reignite the “American soul” of the brand. The relocated global management positions include brand vision, marketing, creative and product development and will come under ...
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News briefs
Wiley X to reshore assembling of products at HQ
Wiley X, the U.S.-based brand of protective eyewear for professionals and outdoor enthusiasts, has announced that it would start to assemble all new products from its 2024 collections and beyond in-house at its headquarters in Frisco, Texas. The company said that the initiative would enable it to expand its manufacturing ...
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ArticleBacked by new financial partner, Opal-Demetz plans more M&A
We have learned at the recent Mido show in Milan that Opal-Demetz, the French company specializing in children’s eyewear, sports eyewear and low-cost frames known as in France a “deuxième paire” (a second pair of eyeglasses, sold at a nominal fee to customers), opened its capital to private equity at ...
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News briefsMark’ennovy inaugurates European hub
Mark’ennovy has transferred its factory to the city of Getafe, outside Madrid, and thereby quintupled its capacity. In fact, the Getafe site is to become the company’s hub for Europe and serve as its showcase for the broader EMEA region. Source: Mack’ennovy Since last February, when Euclid ...
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ArticleRodenstock upgrades portfolio, fine-tunes group strategy and synergies
After its participation at the opti show in Munich in January, Rodenstock presented its latest innovations at its booth during the Mido show in Milan, from Feb. 3 to 5. The German-based lens maker introduced this year its new LayR coating, which it describes as an extension of its biometric ...
