By Staff
Tuesday, July 2, 2024 12:18 AM
PARIS—
Silmo 2024 organizers are preparing for this year’s edition, which will feature over 900 exhibitors and 1,500 brands from 144 countries, according to an announcement from show organizers.
By Staff
Monday, July 1, 2024 12:21 AM
LONGARONE, Italy—De Rigo Group S.p.A. announced on Friday changes in its North American leadership. Alessandro Baronti, who has served as president of
De Rigo Rem for the past six and a half years, will leave the organization at the end of July. On July 8, Jeff Fitzhugh will step into the role of president of De Rigo Rem.
By Staff
Monday, July 1, 2024 12:15 AM
PADUA—Safilo S.p.A., a subsidiary of
Safilo Group S.p.A., has announced that, as per the authorization granted by the Shareholders’ Meeting held on April 24, 2024, it has engaged Kepler Cheuvreux, as a qualified third-party broker, to launch the Safilo Group S.p.A. share (the “Shares”) purchase program.
By Staff
Wednesday, June 26, 2024 12:27 AM
OAKBROOK TERRACE, Ill.—
I-Deal Optics, Inc., a Troy, Mich.-based portfolio company of
Main Street Capital Holdings and a marketer and value-added distributor of prescription eyewear and sunwear frames, has been acquired by Nashville-based private equity firm Highland Rim Capital. Terms of the transaction were not disclosed.
Prairie Capital Advisors, which announced the deal late last week, acted as the exclusive financial advisor in this transaction for I-Deal Optics and its shareholders. “In conjunction with a dedicated management team, we have continued to build the strong reputation of I-Deal in the marketplace as a compelling, one-stop-shop value proposition to private practices,” said Ryan Davis, partner at Main Street Capital Holdings.
By Staff
Wednesday, June 26, 2024 12:24 AM
NEW YORK—
Vision Monday's signature annual report on the Top 50 U.S. Optical Retailers was released this week, in
VM's June issue and on
VisionMonday.com. The 2024 report, which examines companies' sales and location counts for the country's leading retailers, including mass merchants and warehouse clubs, is based on calendar year 2023 information and
VM estimates. The collective sales of VM’s Top 50 U.S. Retailers rose 8 percent in 2023 compared with 2022, to reach an estimated $20.1 billion from 16,369 locations, the report shows. The Top 10 retailers accounted for 84.5 percent of overall Top 50 sales.
By Staff
Wednesday, June 26, 2024 12:18 AM
LONDON and NEW YORK—After over a decade at 110 Mercer Street in Manhattan, British eyewear brand
Cutler and Gross has opened a new, larger store at 71 Mercer Street, according to an announcement from the company.
By Staff
Monday, June 24, 2024 12:21 AM
NEW YORK—
Tura, a leading designer, manufacturer and distributor of eyewear, has announced a new collaboration with
Inspecs USA, which is part of Inspecs Group, a high-performing, globally aligned eyewear company.
By Staff
Thursday, June 20, 2024 12:21 AM
LOUISVILLE, Ky.—
Kenmark Eyewear has announced the renewal of its exclusive license agreement to develop, produce and distribute eyewear for the
Original Penguin brand.
By Staff
Wednesday, June 19, 2024 12:24 AM
CHARENTON-LE-PONT, France and MILAN—
EssilorLuxottica and
Diesel have announced an exclusive license agreement for the design, manufacture and worldwide distribution of Diesel eyewear. This agreement is effective immediately until December 31, 2029, with an automatic renewal option of an additional five years.
By Staff
Wednesday, June 12, 2024 12:21 AM
NEW YORK—
Marchon Eyewear, Inc. and French luxury brand
Longchamp announced today the multi-year renewal of their global eyewear licensing agreement.
By Staff
Tuesday, June 11, 2024 12:21 AM
CHARENTON-LE-PONT, France—
EssilorLuxottica has announced the implementation of an innovative project near Pescara, Italy which involves the recovery and reconversion of industrial land surrounding the site of Barberini, a world-class optical glass lens manufacturer.
By Staff
Monday, June 10, 2024 11:15 AM
HAMBURG, Germany and GREEN BAY, Wis.—The
Fielmann Group, a global eyewear provider, has announced that it has entered into a definitive agreement in which its U.S. subsidiary, Fielmann USA, will acquire 100 percent equity ownership in
Shopko Optical, an optical retailer based in Green Bay, Wis., from
Monarch Alternative Capital LP. The transaction is expected to close in the third quarter of this year, the group said, subject to customary closing conditions and regulatory approvals. Shopko Optical operates more than 140 stores across 13 states and generated $168 million in sales in 2023, according to the announcement.
By Staff
Monday, June 10, 2024 12:24 AM
MONTREAL—
WestGroupe, a leading optical company headquartered in Montreal, has announced the expansion of its North American sales force to accommodate the upcoming additions of AllSaints, Nano and BFlex to its brand portfolio. In Canada, this new division will work alongside the existing Western and Wescan divisions, according to the announcement. WestGroupe said it will create a new two-division structure in the U.S. The brands within this new structure will enjoy the same discount levels and sales programs as WestGroupe’s existing brands, the company said.
By Staff
Wednesday, June 5, 2024 12:24 AM
PHILADELPHIA—
National Vision, Inc., one of the nation’s largest optical retailers, has announced the opening of its 1,000th America’s Best store, located in South Philadelphia. The new store, located at 2230 West Oregon Avenue, opened its doors on May 31, 2024, and marks the 34th America’s Best location in the greater Philadelphia area, according to the announcement. Since 2003, in the Philadelphia designated market area alone, America’s Best has served 1.9 million customers, conducted 2.8 million eye exams, provided 4.1 million pairs of eyeglasses, and created thousands of jobs for community members, according to the company.
By Staff
Wednesday, June 5, 2024 12:21 AM
SANTA MONICA, Calif.—
Anagram, a software solutions company that helps ECPs to better support patients through assistance with vision insurance, lab ordering and administrative tasks, has announced the appointment of Shane Shepherd as the new head of revenue cycle management.