Two Senators Urge Federal Trade Commission to Finalize Changes to Contact Lens Rule

By Staff
Wednesday, August 16, 2017 12:24 AM WASHINGTON, D.C.—Senators Orrin Hatch (R-Utah) and Richard Blumenthal (D-Conn.) are joining the industry fray over proposed changes to the Contact Lens Rule.

Sizing Up the Superior-Davis Combination in Managed Vision Care

By Staff
Friday, August 11, 2017 12:30 AM BALTIMORE and SAN ANTONIO, Texas—The two managed vision care companies – Davis Vision and Superior Vision – at the center of this week’s Highmark Health-Centerbridge Partners deal are “more complementary than overlapping” in their business, according to Superior Vision chief executive officer Kirk Rothrock.

Safilo Group Announces the Opening of Belarus and Kazakhstan Markets

By Staff
Friday, August 11, 2017 12:15 AM PADUA, Italy and MOSCOW—Safilo Group announced the opening of Belarus and Kazakhstan as part of its CIS hub led out of Russia, the company said.

Valeant Reports ‘Organic’ Growth Within B+L Segment During Second Quarter

By Staff
Wednesday, August 9, 2017 12:23 AM LAVAL, Quebec—Valeant Pharmaceuticals International (NYSE: VRX) (TSX: VRX), parent of Bausch + Lomb, reported Tuesday that total revenues in its second quarter declined 8 percent to $2.23 billion from $2.42 billion in the second quarter of 2016. The company attributed the decrease to lower volume and price in its U.S. diversified products segment, among other factors.

Hoya Corp. Completes Acquisition of Performance Optics and its Vision Ease, Daemyung Optical Subsidiaries

By Staff
Wednesday, August 2, 2017 10:45 AM TOKYO—Hoya Corporation has completed the acquisition of Performance Optics, LLC, including its Vision Ease and Daemyung Optical subsidiaries.

Second Sight Reports Second Quarter 2017 Results and Highlights

By Staff
Wednesday, August 2, 2017 12:23 AM SYLMAR, Calif.—Second Sight Medical Products Inc. (NASDAQ: EYES), a developer, manufacturer and marketer of implantable visual prosthetics to provide useful vision to blind patients, reported Tuesday that it generated net sales of $2.2 million in the second quarter ended June 30. This compared with $1.0 million in the second quarter of 2016, the company said.

Gilbert Displays Rebrands Itself as ‘Gilbert’

By Staff
Wednesday, August 2, 2017 12:18 AM MELVILLE, N.Y.—Gilbert Displays, a veteran Long Island company known for its work in trade show exhibition, architectural interiors and live events, is rebranding itself as, simply, Gilbert. The change, effective Aug. 1., elevates the 32-year-old company’s three main strengths into branded business units: Gilbert Exhibition, Gilbert Architectural and Gilbert Live.

Essilor Revenue Rises 9.1 Percent in First-Half 2017

By Staff
Monday, July 31, 2017 12:29 AM CHARENTON-LE-PONT, France—Essilor International (ESSI: PA) reported consolidated revenue of €3.9 billion for the six months ended June 30, 2017, up 9.1 percent from year-ago, or 6.9 percent in constant currency and 2.5 percent in like-for-like terms. In line with previously announced expectations, adjusted contribution from operations amounted to 18.4 percent of revenue.

Hoya Reports Its First Quarter Financial Results

By Staff
Monday, July 31, 2017 12:26 AM TOKYO—Hoya Corp. (TOKYO:7741) posted revenue of 127,158 million yen for the first quarter ended June 30, 2017, up 10.4 percent year on year.

Safilo Group and JCPenney Renew Multi-Year License for Liz Claiborne Eyewear

By Staff
Monday, July 31, 2017 12:21 AM PADUA, Italy and NEW YORK—Safilo Group and JCPenney have announced the renewal of a five-year licensing agreement for the design, manufacturing and distribution of optical and sunglass frames for Liz Claiborne.

Essilor Announces Partnerships With Two Dispensing Service Providers

By Staff
Friday, July 28, 2017 8:15 AM CHARENTON-LE-PONT, France—Essilor has formed partnerships with two U.S. companies that provide dispensing services to ECPs in the U.S., Partners In Vision and Vision Associates.

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 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.

Costa Introduces New Sales Structure and Announces New Sales Leadership Team

By Staff
Wednesday, July 26, 2017 12:21 AM DAYTONA, Fla.—Costa has announced a new sales structure that is designed to focus on leadership for each of its core businesses.

Google Redesigns Glass for Industry-Specific Applications

By Staff
Friday, July 21, 2017 12:24 AM MOUNTAIN VIEW, Calif.—After two years of development, Google is releasing a re-engineered version of Glass designed specifically for use in the workplace.
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