Essilor, Luxottica Report Antitrust Process for Proposed Merger ‘Advancing in All Jurisdictions’

By Staff
Wednesday, July 26, 2017 12:33 AM MILAN and CHARENTON-le-PONT, France—Essilor and Luxottica reported that the combination of the two companies “continues to progress, with the antitrust process advancing in all jurisdictions.”

Luxottica’s LensCrafters Retail Division Turns Focus to ‘Retail Excellence’

By Staff
Wednesday, July 26, 2017 12:27 AM MILAN—As Luxottica Group S.p.A. (MTA:LUX) transitions to a greater emphasis on “retail excellence” and moves away from promotional selling, company management reported this week that the ongoing changes and the corresponding results of its retail division, particularly LensCrafters, is “progressing as we planned.”

Luxottica Reports Sales, Earnings Gains as New Strategies ‘Produce Expected Results’

By Staff
Wednesday, July 26, 2017 12:23 AM MILAN—Citing the benefit of new strategies, Luxottica Group S.p.A. (MTA:LUX) reported Monday that group net sales rose 1.8 percent to €4.9 billion (at constant exchanges rates) and adjusted net income increased 3.5 percent to €567 million in the first half ended June 30.

New Look Vision Group’s $50 Million Private Placement to Help Fund Iris Acquisition

By Staff
Friday, July 21, 2017 12:26 AM MONTREAL—New Look Vision Group Inc. (TSX:BCI) reported this week that it has completed a previously announced private placement of subscription receipts for aggregate gross proceeds of $50 million.

Warby Parker on Track to Open 25 More Locations by Year’s End

By Staff
Wednesday, July 19, 2017 12:24 AM NEW YORK—As it moves ahead toward its goal of establishing 25 new brick-and-mortar locations in 2017, Warby Parker is opening two new stores in the July 8 to 22 timeframe, including its first store in Colorado.

National Vision Awards $7,000 in Grants to Three Members of the National Optometric Student Association

By Staff
Wednesday, July 19, 2017 12:21 AM PORTLAND, Ore.—National Vision Inc. (NVI), one of the nation’s largest optical retailers, has awarded $7,000 in grants to three members of the National Optometric Student Association (NOSA), the company announced earlier this week. The student grants come under NVI’s partnership with the National Optometric Association (NOA).

Vision Care Specialists Adds an Independent OD Office to Growing Denver Presence

By Staff
Friday, July 14, 2017 12:24 AM DENVER—Vision Care Specialists reported Wednesday that it has acquired Accent Optics, a longtime private optometry practice operating here.

Recently Named CEO Pellerito Sees Opportunities for Frameri’s Move into New Markets

By Staff
Friday, July 14, 2017 12:21 AM CINCINNATI—Frameri, the company that created the interchangeable frame and lens system, is on the lookout for expanding beyond its Cincinnati roots as the recently appointed chief executive officer Sam Pellerito settles into his new role at the helm.

New Speakers Join the Program for VM LIVE’s ‘Minding the Store’ Event in Las Vegas Sept. 13

By Staff
Wednesday, July 12, 2017 12:30 AM NEW YORK—Two new speakers, one reflecting a larger optical retailer’s perspective, and the other the views of an independent OD towards the advantages of new technology in the practice, have joined the program of “Minding the Store,” the upcoming VM LIVE event set for Wednesday, Sept. 13 in Las Vegas.

Texas AG Reaches Settlement with Online Contact Lens Provider

By Staff
Monday, July 10, 2017 12:30 AM AUSTIN, Texas—Attorney General Ken Paxton of Texas announced that his office has reached a settlement with THEG Inc., which does business as the online contact lens distributor and wholesaler Fine & Clear.

National Vision’s Bruce Steffey, President and COO, Plans Retirement Sept. 1, Jeff McAllister to Succeed Him

By Staff
Thursday, July 6, 2017 8:45 AM DULUTH, Ga.—National Vision, Inc., one of the nation’s largest optical retailers is announcing today the planned retirement of Bruce Steffey, president and chief operating officer, effective Sept. 1, 2017. Upon Steffey’s retirement, Jeff McAllister, a senior vice president at Walmart and 19-year Walmart veteran, will succeed Steffey as COO.

FYidoctors Taking Steps to Rebrand and Reposition Quebec Locations Under ‘Visique’ Banner

By Staff
Wednesday, June 28, 2017 12:30 AM CALGARY, Alberta—FYidoctors, an optometrist-owned and operated optical and eyecare company based here, is rebranding its more than 45 locations in Quebec under the “Visique” banner that is central to a repositioning initiative.

Selima Brings Class Action Suit to Kering Over ‘Made in Italy’ Eyewear Claims

By Staff
Wednesday, June 21, 2017 12:27 AM NEW YORK—Boutique optical retailer and wholesaler Selima Optique, Inc. is taking aim at the country of origin labeling practices of luxury brand eyewear supplier Kering Eyewear and its parent, Kering S.A.

Smart Moves

By Marge Axelrad and Andrew Karp
Monday, June 19, 2017 12:30 AM NEW YORK—See if any of these scenarios sound familiar: An optician sends a patient’s frame from their frame wall to an outside lab. The lab waits for days for the frame to arrive. The Rx lens choice for a progressive with AR coating is communicated to the lab. Meanwhile, the patient waits, impatiently, for the glasses to arrive and worries if they’ll receive them in time for their family’s summer vacation.

‘The New Order’ - More to Come from VM

By Staff
Monday, June 19, 2017 12:29 AM This is the first in a series of Vision Monday articles that examine the forces that are reshaping the optical industry’s supply chain. Upcoming articles will bring readers news updates and fresh perspectives about what we’re calling The New Order.
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