KKR to Acquire 1-800 Contacts from AEA Investors in Deal Valued at About $3 Billion

By Staff
Wednesday, September 23, 2020 8:05 AM DRAPER, Utah—1-800 Contacts, the largest retailer of contact lenses in the U.S., today announced a definitive agreement under which global investment firm KKR will acquire the company from AEA Investors. The sale follows many years of strong growth and technology innovation for the direct-to-consumer (DTC) brand, which was purchased by AEA Investors in 2016. Financial terms of the transaction were not disclosed. However, sources close to the deal told VMAIL that the deal is valued at roughly $3 billion, about $2 billion more than when it was acquired by AEA.

Materialise Makes ‘Strategic Investment’ in Virtual Eyewear Try-On Firm Ditto as Companies Begin Collaboration

By Staff
Wednesday, September 23, 2020 12:27 AM LEUVEN, Belgium and OAKLAND, Calif.—Materialise NV  (Nasdaq:MTLS), a global leader in 3D printing solutions, has made a strategic investment in Ditto, an Oakland-based developer of virtual eyewear try-on platforms, according to an announcement earlier this week.

Safilo North America to Focus on Fall Eyewear Trends in Next Virtual Episode of SAFILO LIVE

By Staff
Wednesday, September 23, 2020 12:25 AM Safilo North America’s next SAFILO LIVE virtual episode, titled SAFILO LIVE Fall Expo, will be an hour-long program that is set to air on Wednesday, September 23 at 2:00 p.m. EDT. Broadcast on its own dedicated channel, the episode will focus on Fall 2020 frame trends for men, women and millennials.

De Rigo Group and Tumi Announce New License Agreement, Collection

By Staff
Wednesday, September 23, 2020 12:24 AM LONGARONE, Italy—The De Rigo Group and Tumi have announced an exclusive license agreement for the design, production and distribution of Tumi-branded sunglasses and prescription frames for both men and women.

Eyemart Express Pledges $20,000 Donation for Fifth Annual Stand Up To Cancer Fundraiser

By Staff
Wednesday, September 23, 2020 12:21 AM DALLAS—Eyemart Express,  a leading national optical retailer, is kicking off its fifth annual fundraiser to benefit Stand Up To Cancer (SU2C).

Bausch Health to Acquire Option to Purchase All Ophthalmology Assets of Allegro Ophthalmics

By Staff
Tuesday, September 22, 2020 12:27 AM LAVAL, Quebec and SAN JUAN CAPISTRANO, Calif.— Bausch Health Companies and Bausch + Lomb, its leading global eye health business, and Allegro Ophthalmics LLC,  a privately held biopharmaceutical company, announced Monday that Bausch Health (through its affiliate) has entered into an agreement to acquire an option to purchase all ophthalmology assets of Allegro.

Transitions Launches ‘Get the Real Thing’ Contest in Canada

By Staff
Tuesday, September 22, 2020 12:25 AM Transitions Optical has launched a promotion to drive awareness about the importance of making sure patients receive authentic Transitions lenses when purchasing Transitions photochromic lenses. Read More 

Santen to Acquire Topical Ophthalmic Products Company Eyevance for $225 Million Under Terms of Share Purchase Agreement

By Staff
Tuesday, September 22, 2020 12:24 AM OSAKA, Japan and FORT WORTH, Texas—Santen Pharmaceutical Co. Ltd.and Eyevance Holdings have announced that Santen Holdings U.S. Inc., a wholly-owned subsidiary of Santen, and Eyevance Holdings entered into a share purchase agreement where Santen Holdings acquires all of the outstanding shares of Eyevance Pharmaceuticals Holdings.

Bollé Brands Announces François Benaben as President of Sport and Luxury Division

By Staff
Tuesday, September 22, 2020 12:21 AM LYON, France—Bollé Brands has named François Benaben as the president of its sport and luxury division. Benaben, formerly vice president of the Rossignol Group for Europe, Asia and the Southern Hemisphere, has spent 14 years in several sales and category management positions at various companies.

Tracking the Incidence of Myopia in Children

By Staff
Monday, September 21, 2020 5:04 PM Two-thirds of eyecare professionals in the U.S. say the incidence of myopia among children in their practices has increased over the past 5 to 10 years and 81 percent of those practitioners recognize it as one of the biggest problems impacting children’s eyesight today, according to a 2019 study published in the American Academy of Optometry’s journal, Optometry and Vision Science. The study was recently cited by CooperVision when it announced Sarah Michelle Gellar, the popular US television actress, producer and entrepreneur as the spokesperson for its Brilliant Futures Myopia Management Program.

Sen. Boozman Introduces Contact Lens Rule Modernization Act that Would Eliminate Robocalls for Rx Verification

By Staff
Monday, September 21, 2020 12:36 AM ALEXANDRIA, Va.—In an effort to offset language in the FTC’s updated Contact Lens Rule, Sen. John Boozman (R-Ark.) last week introduced in the U.S. Senate the Contact Lens Rule Modernization Act,  which would eliminate the use of robocalls to verify contact lens prescriptions, according to a statement by the Health Care Alliance for Patient Safety (APS). The bill, which APS endorsed, is co-sponsored by Sen. Roger Wicker (R-Miss.), Jim Inhofe (R-Okla.) and Sen. Rand Paul (R-Ky.)

Truform Optics Expands Orthokeratology Portfolio With DreamLens Acquisition

By Staff
Monday, September 21, 2020 12:33 AM BEDFORD, Texas—TruForm Optics, a leader in specialty gas permeable contact lens design and manufacturing, has acquired the DreamLens brand from its founder, Tom Reim, OD. Details of the transaction were not announced.

Arkansas Supreme Court Denies Ballot Challenge to Scope of Practice Law

By Staff
Monday, September 21, 2020 12:30 AM LITTLE ROCK, Ark.—Optometrists in Arkansas had won the right to expand their scope of practice under a 2019 law, but these rights had been held in abeyance while an opposition group sought to have the law put to a vote in a state ballot referendum.

Formuleyes Partners With Formula 1 to Launch the Formula 1 Eyewear Collection

By Staff
Monday, September 21, 2020 12:25 AM Formula 1 has announced a partnership with specialist eyewear company Formuleyes to release an exclusive collection of premium glasses, celebrating the sport’s past, present and future as part of its 70th anniversary celebrations.

Facebook Launches Research into Future of Wearable AR

By Staff
Monday, September 21, 2020 12:21 AM MENLO PARK, Calif.—In conjunction with Facebook’s announcement last week that it is collaborating with EssilorLuxottica on the development of smart glasses, the social network unveiled Project Aria, a new research project under the direction of its Facebook Reality Labs division that will help in the development of its first generation of wearable augmented reality devices. In a post on its website, Facebook described Project Aria as “a research device that will help us understand how to build the software and hardware necessary for AR glasses.