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The latest news, analysis and data on corporate strategic initiatives, the latest mergers and acquisitions, IPOs, insolvencies and cooperations in the eyewear industry.
Italian components group Margot looks to grow
Margot, an Italian group that makes metallic components for luxury leather goods, shoes and eyewear that is controlled by the private equity Mandarin Capital Partners, is looking to expand with an acquisition in the third or fourth quarter of this year, says Andrea Tuccio, a partner with Mandarin. The aim ...
Rodenstock completes a €75 million capital increase
Rodenstock has obtained funds from its shareholders to finance its development while its business is recovering faster than expected from the coronavirus crisis.
L’Amy gets protection from creditors
L’Amy, one of the oldest eyewear manufacturers in France, has requested and obtained bankruptcy protection from its creditors. Philippe Jeannerot, the court-appointed receiver, said it is waiting for the presentation of a restructuring program, but he denied a report that its shareholders may be looking for a new investor in ...
Cecop moves into North America
Cecop, the international buying group based in Madrid, has entered the Northern American market, acquiring 600 new retail members in the region through its takeover of the Combine Buying Group, an organization that provides various services to independent opticians.
OWP takes over Flair
OWP Brillen, owner of the private OWP and Metropolitan brands as well as the licensed Mexx eyewear brand, acquired the Beck Group, including its subsidiary Bexx Brillenmode, on March 17. The Beck Group, located in Oelde, Germany, is better known for its high-end Flair brand name. It will be run ...
Inspecs’ new Vietnamese factory attracts new clients
The Inspecs Group suffered delays in the extension of its Vietnamese factory as a result of the Covid-19 pandemic. But the project is nearing completion and production in the new section is scheduled to start towards the end of the second quarter. In the meantime, the company is shipping goods ...
Menicon completes expansion of disposable contact lens factory
Menicon has completed the extension of its production site in Kakamigahara, Japan, where it manufactures daily disposable contact lenses. The investment will enable the company to gradually increase production to over 500 million lenses from 90 million.
National Vision’s revenues collapse in March, refinances its debt
National Vision’s comparable store sales fell sharply in March as it temporarily closed stores due to the Covid-19 pandemic. The company is issuing a $350 million convertible note to refinance its debt.
Safilo sees coming weeks as critical to save sunglass season
The coming couple of weeks will be crucial to understanding if the sun season can be saved. If lockdowns are lifted in Europe and the recovery picks up in the U.S. the task can be achieved, according to Safilo.
Safilo buys Privé Revaux at a hefty price
Two months after announcing the acquisition of Blenders in California (see EWI Vol. 20 n°15 +16), Safilo has bought another fast-growing American eyewear brand, Privé Revaux, from a number of shareholders. Chief among them is a San Francisco-based private equity fund, TSG Consumer Partners, which invested in the company in ...