Wednesday, July 28, 2021 12:21 AM
PARIS—As it released its financial performance for the first fiscal half of the year, Kering Group
(PARIS: KER), the luxury conglomerate, cited the "strong momentum of Kering Eyewear
, with sales up 61.8 percent on a comparable basis."
Friday, July 23, 2021 12:18 AM
WATERFORD, Ireland—Bausch + Lomb
this week announced plans to invest €90 million to expand manufacturing operations at its Waterford facility in Ireland. The investment is expected to generate 130 additional jobs when production commences in 2023 and will provide the Waterford facility with additional capacity to meet expected demand for its Biotrue ONEday range of contact lenses, B+L said in the announcement. The investment will further strengthen the Waterford plant’s position in supporting Bausch + Lomb’s efforts to increase market share in the contact lens market.
Thursday, July 22, 2021 12:24 AM
NEW BRUNSWICK, N.J.—Johnson & Johnson
(NYSE: JNJ) reported Wednesday that its second-quarter sales increased 27.1 percent to $23.3 billion, with operational sales growth of 23 percent and adjusted operational growth of 23.8 percent. Net earnings increased 73.1 percent, totaling $6.3 billion in the recent quarter compared with $3.6 billion in the year-ago period, according to the announcement.
Wednesday, July 21, 2021 12:24 AM
LOS ANGELES—Eyenuk Inc.
, a global artificial intelligence (AI) medical technology and services company and a leader in real-world applications for AI Eye Screening, announced Tuesday that it has completed a financing round of $6.2 million led by AXA IM
Monday, July 19, 2021 11:00 AM
The U.S. is the world's most "crypto-ready" country, according to a recently released ranking by crypto education platform Crypto Head
. As Statista data journalist Niall McCarthy observed in a blog post
last week, the research delved into several factors impacting cryptocurrencies around the world such as public interest, the government's legal stance as well as ownership of digital currency. A further important element was the accessibility of Bitcoin
, Dogecoin and co, especially the prevalence of crypto ATMs.
Friday, July 16, 2021 12:30 AM
MENLO PARK, Calif.—Sight Sciences Inc.
, a growth-stage medical device company working to develop and commercialize devices that target the underlying causes of some prevalent eye diseases, priced its initial public offering of 10 million shares of common stock at a price of $24 per share.
Wednesday, July 14, 2021 12:21 AM
TORONTO and NEW YORK—Binovi Technologies Corp.
(TSX-V:VISN) announced Tuesday that Tania Archer has been appointed as interim CEO of the company, succeeding Adam Cegielski, who stepped down from his positions as CEO and board member.
Wednesday, July 14, 2021 12:18 AM
, a national optical retailer with more than 200 locations, has announced that Mike Loftus will join the company as chief financial officer, effective July 20.
Monday, July 12, 2021 12:15 AM
SOPHIA ANTIPOLIS, France—Nicox SA
(Euronext Paris: FR0013018124, COX), an international ophthalmology company, announced July 5 that it has amended its March 2019 license agreement with Ocumension Therapeutics
, under which Ocumension has exclusive rights to develop and commercialize Zerviate (cetirizine ophthalmic solution), 0.24% in the Chinese and the majority of South East Asian markets. Under the amended agreement, Ocumension will immediately pay Nicox $2 million in full advance payment of the future development and regulatory milestones for the product. Amendments were made to certain rights under non-financial clauses of the agreement.
Friday, July 9, 2021 12:27 AM
ALEXANDRIA, Va.—The Vision Council
has released its quarterly VisionWatch market research reports for Q1 of 2021, indicating that the U.S. vision correction industry generated $11.58 billion in sales revenue during the first quarter of 2021, representing an increase of 16.5 percent from Q1 2020 levels and an increase of 1.9 percent from Q1 2019 levels. Additionally, total vision correction usage rose by 0.4 percent, an equivalent of 196.8 million adults, during the year-ending period March 2021.
Wednesday, July 7, 2021 12:15 AM
ROCKVILLE, Md.—RegeneRx Biopharmaceuticals
, a clinical-stage drug development company focused on tissue protection, repair and regeneration, announced July 1 that it closed its previously announced private placement offering of common stock and warrants for gross proceeds of $1,980,000.
Thursday, July 1, 2021 12:43 PM
EssilorLuxottica acquires HAL’s interest in GrandVision, NECO and Warby expand scholarship program, optical sales show some improvement, Jobson Tracker says, Zeiss welcomes ECPs to new showroom and VM
issues its Top 50 Retailers report all topped this week’s VMAIL
news feed. Click on the headlines below to catch up on anything you might have missed.
Thursday, July 1, 2021 12:40 PM
(Euronext: EL) announced today that it has completed its acquisition of a 76.72 percent ownership interest in GrandVision
from HAL Optical Investments, a wholly-owned subsidiary of HAL Holding, pursuant to the block trade agreement entered into with HAL on July 30, 2019. As a result of the completion of the transaction contemplated by the block trade agreement, EssilorLuxottica acquired “predominant control over GrandVision and is under an obligation to launch a mandatory public offer for all outstanding shares in GrandVision, in accordance with the applicable Dutch public offer rules.
Tuesday, June 29, 2021 1:13 PM
CHARENTON-LE-PONT, France—Following the approval by its board of directors, EssilorLuxottica
(Euronext: EL) today announced its decision to complete the acquisition of HAL’s 76.72 percent interest in GrandVision
(Euronext: GVNV) on July 1, 2021 as per the terms and conditions of the agreement entered into on July 30, 2019. “After assessing all our options, we have made the decision to proceed with the completion of the deal without further delay. The strategic rationale of the transaction remains strong and unchanged, and after two years of efforts and relentless work, we are now ready to turn a page and start a new chapter of EssilorLuxottica’s history, with GrandVision," said Francesco Milleri and Paul du Saillant, respectively CEO and Deputy CEO of EssilorLuxottica.
Monday, June 28, 2021 12:21 AM
VANCOUVER, British Columbia—CloudMD Software & Services Inc.
, a health care technology company focused on eyecare, announced that it has closed the previously announced acquisition of VisionPros
, a vertically integrated digital eyewear platform.