Abbott Buys Visiogen For $400 Million

October 21, 2009 (FinancialWire) — Abbott (NYSE: ABT )has completed its acquisition of privately-held eye care company Visiogen for $400 million in cash. The company said that the acquisition would strengthen its vision care business with a next-generation accommodating intraocular lens technology to address presbyopia for cataract patients. Visiogen’s Synchrony accommodating IOL is an artificial […]

Safilo Receives Tender Offer From HAL

Source: Vision Monday PADOVA, Italy—The tender offer launched today by HAL Holding for Sàfilo Group’s (SFL.MI) outstanding high-yield notes—a key component of the multi-pronged recapitalization deal announced last night through which HAL would invest between €240 million and €330 million in Sàfilo—”must” be successful in soliciting at least 60 percent of those notes to save […]

Maui Jim Ends Distribution with Luxottica Retail

LAHAINA, Maui—Maui Jim communicated to its customers’ early last week that “the company has concluded its distribution agreement with all Luxottica-owned retail stores worldwide, effective immediately.” “This is an amicable decision,” said Chris Abbruzzese, Maui Jim’s vice president of marketing. “In recent months, given Luxottica’s long term strategy of vertical integration, it became increasingly clear […]

Marchon Eyewear Opening In Dubai

Marchon Eyewear, one of the largest manufactures and distributors of eyewear and sunglasses, has initiated its operation in the Gulf region by opening Marchon Gulf in Dubai. This strategic move is part of the planned expansion of the company and aims at the strengthening and enhancement of Marchon brand awareness in the region. Representatives of […]

How to Tell If Your Eyeglasses Are Real Or Fake

With the increase in the popularity of designer eyeglasses, there has been an increase in criminals trying to sell fake eyeglasses. These fake manufacturers are integrating more features within their frames to make the eyeglasses they sell look more like actual designer glasses. Such fake eyeglasses have been made for such brand names as Bvlgari, […]

ClearVision Optical Wins Best Practice Award For Human Resources

ClearVision Optical Wins Best Practice Award For Human Resources and Leadership Excellence. New York, NY – ClearVision Optical was honored this week at The New York Enterprise Report’s 2009 Small Business Awards with the Best Practice Award for Human Resources and Leadership. ClearVision was selected from seven finalists in this category for their ability to […]

Alcon To Acquire Swiss BioTech Firm ESBATech AG

Alcon has entered into a definitive agreement to acquire ESBATech AG, a Swiss biotechnology company. Alcon will pay ESBATech shareholders $150 million in cash at closing, plus contingent payments of up to $439 million based upon the achievement of future research and development milestones that would be expected to create value for Alcon. ESBATech is […]