All Corporate articles – Page 9
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News briefs
McGee Group acquires Dom Vetro’s manufacturing
The McGee Group has acquired the manufacturing operations of an another American eyewear firm, Dom Vetro. Run by its founder and designer, Ashley Bezamat, Dom Vetro produces its eyewear by hand in Los Angeles. In its “desire to vertically integrate,” McGhee will be shifting the operation to a refurbished building ...
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ArticleBrand heritage and international expansion drive Revo growth
Revo, the American brand of high-end polarized sunglasses, is launching Revo Black, a new collection showcasing the brand’s latest developments in both lens and frame technologies. The new range includes three concepts – one featuring a carbon fiber frame, one with a titanium wire frame for the lightest Revo sunglass ...
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ArticleNew investor and strategic focus on Asia for FittingBox
FittingBox, the French-based provider of virtual try on (VTO) systems and other digital solutions, just announced that JINS, the fast-growing Japanese retail chain, had become a shareholder of the company. The investment by JINS allowed earlier financial investors, mainly French venture capital funds Kreaxi and LBO France that have been ...
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L'Amy and Scene partner on manufacturing
L’Amy America and Scene Eyewear have entered into an exclusive manufacturing partnership, Vision Monday reports. Making use of Scene’s recently established factory in Wayne, New Jersey, the deal will purportedly enable L’Amy to create house brands while expanding its selection of American-made collections. For Scene Eyewear and its founder and ...
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ArticleNew owners for Maison JEAN-FRANÇOIS REY
Jean-François Rey, founder and CEO of Maison JEAN-FRANÇOIS REY, has decided to hand over the control of his company as well as his executive responsibilities to a Franco-German trio of seasoned eyewear managers, Walter Pirinoli, Dan Levi and Ralf Kmoch who have acquired a third of the company’s capital each. ...
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ArticleWarby Parker unveils growth strategy
Just a few weeks after filing its IPO registration documents to the U.S. Securities and Exchange Commission (SEC) in which the company disclosed its financial results for the past three years, Warby Parker released an online presentation for investors. During the two-hour long pre-recorded video, founders and co-CEOs Neil Blumenthal ...
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ArticleHawkers opens 1st Spanish factory
Hawkers Group, a Spanish-based brand of sunglasses, has announced last week the launch of a new collection of sunglasses Made in Spain, following the opening in February of its first factory in Spain, located at its headquarters of Elche, near Alicante. The group addresses the entry level segment of the ...
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News briefs
Essilux buys more GrandVision shares
EssilorLuxottica announced yesterday that it has acquired an additional 16,902,305 ordinary shares in GrandVision, at €28.42 each, as part of its mandatory public offer for all shares of the Dutch retail group. The additional shares, which were owned by multiple shareholders and purchased from a single broker, account for about ...
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ArticleMarchon on track for a record year
Unlike other major players in the eyewear industry that are public listed, Marchon Eyewear is not publishing its results but Nicola Zotta, CEO of the U.S. eyewear manufacturer, agreed to share some information with Eyewear Intelligence on the company’s performance and projects. While Marchon was slowed down in 2020 by ...
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EssilorLuxottica launches a share buyback program
In accordance with a resolution approved during its last annual general meeting that granted the group to purchase up to 10 percent of its own shares within 18 months at a maximum price of €200 each, EssilorLuxottica announced yesterday the launch of a share buyback program. The company has commissioned ...
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ArticleWarby Parker releases sales and profit figures ahead of IPO
Warby Parker, the U.S. omnichannel retailer, announced last week that it has filed a registration with the Securities and Exchange Commission (SEC) for its future Initial Public Offering (IPO) on the New York stock exchange. The registration document, which can be found here, shows that, although its revenues grew quickly ...
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EyeQue raises $40m in new funding
EyeQue, a U.S.-based company providing smarthphone vision tests, has secured from undisclosed investors $40.35 million in Series C funding, raising its total capital past $57 million. The sources are private equity firms and strategic partnerships formed after the series B round, in June 2018. Sales have reportedly tripled in 2020, ...
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Omisan Farmaceutici takes over Optosan Italia
Omisan Farmaceutici , an Italian manufacturer of eye care products and contact lenses’ solutions, has taken over Optosan Italia , a company specializing in the distribution and retailing of ophthalmic products with annual sales of more than €6.5 million, Wmido reports. The vertical integration of both entities has been ...
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Bausch + Lomb Q2 sales up 33%
Bausch Health reported a year-on-year increase of 38 percent to $934 million in quarterly revenues for its Bausch + Lomb (B + L) unit. In constant currencies, B + L Q2 sales grew by 33 percent from the same period in 2020. The unit’s revenue growth was driven ...
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Etnia Barcelona acquires Lool Eyewear
Etnia Barcelona has announced its acquisition of Lool Eyewear , an eyewear start-up also based in the Catalan city that specializes on lightweight eyewear. Lool Eyewear eyeglasses and sunglasses are made from a single sheet of stainless steel, without welding or screws, and integrate the company’s patented hinge called ...
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B + L invests €90m in Irish plant
Bausch + Lomb announced last week a €90 million investment plan to expand its factory in Waterford, Ireland, in order to boost its production capacity for the Biotrue ONE day contact lenses’ range. The construction is expected to start in 2023 and to generate an additional 130 jobs ...
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Luxottica acquires a training institute in Tuscany
Luxottica has announced the acquisition of the Italian Institute of Research and Studies in Optometrics ( IRSOO ), a historical school of optics and optometry located in the town of Vinci, near Florence. The institute has been purchased from the Empolese Valdelsa Development Agency by the Italian ...
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ArticleEssilux opens smart eyewear innovation center in France
EssilorLuxottica announced earlier this week the creation of a smart eyewear innovation center in France. Located at the group’s production site in Dijon, the new Smart Eyewear Technologies Center aims at reinforcing the company’s expertise and expanding its capabilities in electrochromic – electronically-powered and automated change of the ...
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Ocuco to boost R&D following €40m refinancing
Ocuco , the Irish-based provider of eyecare software for opticians, optometrists and laboratories, announced on July 12 the completion of a €40 million refinancing, including €25 million from Wells Fargo Capital Finance and a total of €15 million in two instalments from the Ireland Strategic Investment Fund , ...
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Marcolin inaugurates new offices in Milan
Marcolin inaugurated on July 6 its new offices in Milan, in connection with the company’s 60 th anniversary and its broader corporate development strategy. Presented as a contemporary space for dialogue and located in a neoclassical building on the Corso Venezia, the two-floor offices include rooms for collections’ ...
