Coastal.com Shareholders Approve Acquisition by Essilor International

By Staff
Friday, April 18, 2014 12:23 AM VANCOUVER— Coastal Contacts shareholders unanimously approved the proposed acquisition of Coastal.com by Essilor International (Reuters: ESSI.PA). Essilor has agreed to acquire all of the issued and outstanding common shares of Coastal.com for a purchase price of CAD12.45 per share, representing a net equity value of approximately CAD 430 million.

Safilo’s Shareholders’ Meeting Approves 2013 Financial Statements, Stock Option Plan and Audit Recommendations

By Staff
Wednesday, April 16, 2014 12:23 AM PADUA, Italy—The shareholders of Safilo Group S.p.A. (SFL:MI) has approved the company’s 2013 financial statements and the board of directors’ report and, furthermore, viewed the consolidated financial statements, during a meeting held yesterday.

Essilor Places €800-million Bond Issue

By Staff
Friday, April 11, 2014 12:23 AM CHARENTON-LE-PONT, France—  Essilor International reported that it successfully placed an €800 million bond issue last week under what the company described as “very favorable terms and conditions.” 

Spy Reports Q4 and Year End 2013 Financial Results

By Staff
Monday, March 24, 2014 12:23 AM CARLSBAD, Calif.— Spy Inc. (OTCBB: XSpy) has announced its financial results for the last three months and year ended Dec. 31, 2013.

Coastal Contacts, Inc. Announces First Quarter 2014 Financial Results

By Staff
Wednesday, March 19, 2014 12:23 AM VANCOUVER, British Columbia—Coastal Contacts, Inc. (NASDAQ:COA) (TSX:COA), which is in the midst of being acquired by Essilor International SA, last week announced its financial results for the first quarter ended Jan. 31, 2014.

Cooper Companies’ 2014 First Quarter Results Indicate Market Share Gain for CooperVision

By Staff
Monday, March 10, 2014 12:23 AM PLEASONTON, Calif.—The Cooper Companies, Inc. (NYSE:COO) announced financial results for the 2014 fiscal first quarter ended Jan. 31, 2014. Overall first quarter revenue increased 7 percent year-over-year to $405 million.

Safilo Group Approves Q4 and Year End 2013 Financial Results

By Staff
Friday, March 07, 2014 12:23 AM PADUA, Italy--The board of directors of Safilo Group S.p.A. (SFL:MI) has approved the company’s consolidated financial statements for the fourth quarter and year end 2013.

PFO Global Group Finalizes Investment Agreement With Grenville

By Staff
Monday, March 03, 2014 12:26 AM IRVING, Texas— PFO Global Group has completed an agreement with Grenville Strategic Royalty Corp. (TSXV: GRC) for the purchase of a gross sales royalty from Pro Fit Optix Holding Company, LLC, doing business as PFO Global Group (“PFO”), for a purchase price of US $1 million, with an option, at Grenville’s election, to advance an additional US $500,000.

Safilo Group to Pay Italian Revenue Agency €21 Million

By Staff
Monday, March 03, 2014 12:23 AM
PADUA, Italy— Safilo Group S.p.A. announced that the tax audit, started in 2011 by the Italian Revenue Agency with respect to its wholly owned subsidiary, Safilo S.p.A., concerning the year 2007 and subsequently extended to the years 2008, 2009, 2010 and 2011, “has ended with a determination relating to transfer pricing (i.e., the method whereby intragroup prices are determined), the interpretation of the “beneficial owner” concept (i.e., the amount of withholding tax levied on interest paid on bonds issued by a Luxembourg entity of the Safilo Group) and the method of taxation of foreign source dividends, involving an increased charge of €21 million—of which €7 million already accounted in the financial statement as at Dec. 31, 2012.

Luxottica Reports €7.3 Billion in Fiscal 2013 Sales, Record Year

By Staff
Friday, February 28, 2014 12:23 AM MILAN— Luxottica Group (NYSE: LUX) reported its consolidated results for the year-ending Dec. 31, 2013.

Essilor Said Visual Health, Sunlenses and Fast-Growing Markets Drove Growth in 2013

By Staff
Friday, February 28, 2014 12:20 AM CHARENTON-LE-PONT, France—Along with Essilor International’s (Paris:EI) announcement yesterday that it has entered into a binding agreement to acquire all of the outstanding common stock of Coastal Contacts (Nasdaq:COA) for CAD $430 million, the lens maker released consolidated financial results for 2013.

Unilens Vision Reports Royalty Income Increased in Q2 2013

By Staff
Monday, February 17, 2014 12:23 AM LARGO, Fla.— Unilens Vision Inc. (OTCQB: UVIC), which develops, licenses, manufactures, distributes and markets specialty contact lenses, reported its operating results for the second quarter and first half of FY 2014.

Hoya’s Revenue and Profit Grew in 3Q 2013

By Staff
Monday, February 03, 2014 12:23 AM TOKYO— Hoya Corporation (TOKYO: 7741) reported a 21 percent increase in revenues to 109,690 million yen for the third quarter ended Dec. 31, 2013 versus the year ago period. Profit before tax rose 66.7 percent to 29,499 million yen compared with the same quarter last year.

Luxottica Releases Preliminary Q4 and Year End 2013 Results, Reports Record $7.3B Sales

By Staff
Wednesday, January 29, 2014 12:23 AM MILAN—The board of directors of Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX) has reviewed the consolidated net sales and preliminary results for the fourth quarter and full fiscal year of 2013.
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