Akoni Group and Valentino Announce New, 10-Year Licensing Agreement

By Staff
Monday, December 6, 2021 12:24 AM MILAN—Valentino has signed a new licensing agreement with Akoni Group for the design, manufacture and worldwide distribution of Valentino Eyewear.

Safilo and Special Olympics Renew Partnership Until 2024

By Staff
Monday, December 6, 2021 12:21 AM PADUA—Safilo Group and Special Olympics have renewed their partnership until 2024.

Thomas Eye Group Announces Acquisition of Five-Location Georgia Optometry Group in Metro Atlanta

By Staff
Thursday, December 2, 2021 12:30 AM ATLANTA—Thomas Eye Group said it has acquired Georgia Optometry Group, adding five new locations throughout metro Atlanta market. Thomas Eye, which operates eyecare locations in Douglasville, Dunwoody, Kennesaw, Morrow and Stone Mountain, Ga., said it expects to “expand and provide eyecare to the ever-growing Atlanta community,” a recent announcement noted. The terms of the transaction were not disclosed. No other details about the transaction were available at VMAIL’s press time. According to the group’s announcement, following the acquisition, Thomas Eye Group (TEG) will operate 16 offices across Metro Atlanta and will continue to build better access to quality eyecare in the community.

Hubble Names Rachael Durkin as VP, Merchandising and Strategy, Amid Plans for Further Expansion in Vision Care

By Staff
Thursday, December 2, 2021 12:24 AM NEW YORK—Vision Path Inc., the parent company that owns Hubble Contacts and ContactsCart, has named former Walmart executive Rachael Durkin as vice president of merchandising and strategy.

VSP Global Premier Program and Optify Partner to Support Private Practices With E-Commerce Solution

By Staff
Thursday, December 2, 2021 12:21 AM RANCHO CORDOVA, Calif.—The VSP Global Premier Program announced a new partnership with Optify.

Maui Jim Furthers Commitment to Maui Community With Over $1 Million in Donations

By Staff
Thursday, December 2, 2021 12:15 AM LAHAINA, Hawaii—Maui Jim has announced it is again making financial donations to support local organizations in Maui, Hawaii, as part of a longstanding commitment to its community. In 2021 alone, Maui Jim has donated approximately $260,000 across a variety of local Maui charities. For many years, the brand has donated money and product to select organizations that help support the local Maui community in areas such as the arts, elderly care, family services, and more. Maui Jim says that its donations over “the last few years” have exceeded $1 million in total.

Shortages Lead Shoppers to Pivot Their Purchasing

By Staff
Wednesday, December 1, 2021 2:41 PM As product availability remains strained this holiday season, consumers are taking a flexible approach to shopping. According to a recent feature from eMarketer, between August and October, the majority of U.S. shoppers either switched brands or products (39 percent) or switched retailers (32 percent) when their item of choice was unavailable. Meanwhile, 13 percent waited for the item to come back in stock, and 16 percent simply opted to do without.

National Vision Holdings Increases Share Repurchase Authorization to $100 Million

By Staff
Wednesday, December 1, 2021 12:15 AM DULUTH, Ga.—National Vision Holdings (NASDAQ: EYE) announced this week that its board of directors has authorized an increase by $50 million to $100 million in the company’s share repurchase program. Since the original $50 million program was authorized on Nov. 8, 2021, approximately 1.0 million shares have been repurchased for a total consideration of $48.4 million, the announcement noted. Reade Fahs, chief executive officer, said, “The share repurchase authorization was initially established with the principal intent of offsetting share dilution related to equity grants."

New Look Vision Group to Acquire Luxury Optical Holdings, Creating Largest Network of Premium Locations in North America

By Staff
Tuesday, November 30, 2021 4:00 PM MONTREAL, Quebec and NEW YORK—New Look Vision Group announced today that it has entered into a definitive agreement to acquire New York based Luxury Optical Holdings (LOH). With its existing luxury optical presence in Canada, its prior acquisition of Edward Beiner Group in 2020 and the previously announced partnership with Black Optical earlier this year, New Look Vision Group is now one of the leading luxury optical groups worldwide. The LOH acquisition will more than double New Look's footprint in the U.S., the company said.

FYidoctors Bolsters National Brand Portfolio With BonLook Acquisition, Founders to Remain With the Company

By Staff
Tuesday, November 30, 2021 12:24 AM CALGARY, Alberta and MONTREAL—FYidoctors, Canada’s leading diversified health care organization, has acquired BonLook, the Montreal-based brand famous for its trendy styles and technology-driven approach to eyewear, according to a recent announcement. The addition of BonLook boosts the FYidoctors portfolio “with new opportunities to expand the brand nationally and beyond,” the announcement noted. The terms of the transaction were not disclosed.

Opti 2022 Postponed From January to May

By Staff
Tuesday, November 30, 2021 12:21 AM MUNICH—Opti 2022, which was scheduled for January 14-16, 2022 at the Fairground Munich, has been rescheduled to May 13-15, 2022 in Munich.

Marcolin and Skechers Extend Eyewear Licensing Agreement Until 2024

By Staff
Tuesday, November 30, 2021 12:18 AM LONGARONE, Italy—Marcolin and Skechers USA have announced the renewal of their licensing agreement for the design, production and worldwide distribution of Skechers sunglasses, eyeglasses and kids’ eyewear.

Amex 12th Annual Small Business Saturday Hits All-Time High

By Staff
Monday, November 29, 2021 1:46 PM As consumer spending continues to rebound, U.S. shoppers showed up in a big way for the small businesses in their communities during this year’s Small Business Saturday on November 27, positioning American Express’ 12th annual event to be one of the most impactful shopping days of the holiday season. The results of the American Express 2021 Small Business Saturday Consumer Insights Survey show that total reported projected spending among U.S. consumers who shopped at independent retailers and restaurants on Small Business Saturday reached an estimated $23.3 billion.

LensCrafters Opens New Contemporary Flagship Store in San Francisco, Expanding New Retail Brand Strategy in 2021 and 2022

By Staff
Wednesday, November 24, 2021 12:27 AM NEW YORK—LensCrafters, one of the largest optical retail brands in North America, announced the opening of the company’s latest flagship store in San Francisco.

Kering Eyewear Launches Blockchain-Based V.I.R.T.U.S. Project to Track and Ensure Sustainability

By Staff
Wednesday, November 24, 2021 12:24 AM NEW YORK—Kering Eyewear has announced the launch of its V.I.R.T.U.S project: a Verified, Integrated, Reliable, Trustworthy, Unique and Secure data exchange platform built upon blockchain technology.