Kering Eyewear Completes Acquisition of Maui Jim

By Staff
Tuesday, October 4, 2022 12:24 AM NEW YORK and PADOVA—Kering Eyewear announced that it has completed its acquisition of Maui Jim and now holds more than 90 percent of the brand, in accordance with the terms disclosed on March 14, 2022.

DaTE to Host Milano Eyewear Design Day on October 17

By Staff
Tuesday, October 4, 2022 12:18 AM MILAN—The organizers of DaTE have announced Milano Eyewear Design Day (MEDD), a special non-commercial event open to everyone, on Oct. 17, 2022.

Kubota Vision Announces Collaboration Agreement With Joslin Diabetes Center

By Staff
Tuesday, October 4, 2022 12:15 AM SEATTLE—Kubota Vision, a clinical-stage specialty ophthalmology company and a wholly-owned subsidiary of Kubota Pharmaceutical Holdings Co., announced last week that the company and Joslin Diabetes Center have entered into a material transfer and collaboration agreement for Kubota's Patient Based Ophthalmology Suite (PBOS), in-home optical coherence tomography (OCT*1) device. Joslin Diabetes Center is conducting two clinical studies to evaluate the ability of PBOS to identify cases of diabetic macular edema that may need treatment compared to a commercially-available OCT device.

Qualimed Has New Headquarters

By Staff
Monday, October 3, 2022 2:40 PM In August, the company moved to its new headquarters in Gallarate, Italy, a structure of over 3,000 square meters, of which 1,000 is designated for production, functional to further develop the business and production "for third parties."

Financial Fears Are Putting the Brakes on Retirement for Some Americans

By Staff
Monday, October 3, 2022 1:59 PM Some Americans are putting off their retirement due to rising living costs. A recent survey by the Nationwide Retirement Institute found that four in 10 older Americans were putting off retirement. This number has doubled since last year, where many respondents indicated they had been delaying retirement due to the COVID-19 pandemic. 

This is having repercussions across the American workforce as companies delay hiring due to high numbers of employees putting off retirement. One-third of private sector employers noted that delayed retirement was affecting their ability to hire new talent, while 34 percent said it was preventing them from promoting young talent within their companies. Employers also noted that delayed retirement was increasing the costs of providing health and benefit plans. 

Employees are also concerned about their long-term security. One in four Americans feel they are on the wrong track for retirement, and just six in 10 have a positive outlook on their retirement and financial investments. 

Two in three employees cite inflation as a top retirement concern, with workers aged 35 to 44 reporting in higher numbers than those 45 and older that they feel confused and panicked about their retirement plans and financial investments.

New Private Equity Investor Takes Majority Stake in EyeSouth Partners

By Staff
Monday, October 3, 2022 12:30 AM ATLANTA—EyeSouth Partners, a comprehensive ophthalmology platform, based here, announced that private equity firm Olympus Partners has taken a majority stake in the company. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, consumer products, health care services, financial services, industrial services and manufacturing. Prior to the acquisition, EyeSouth was backed by Shore Capital Partners, a Chicago-based private equity firm that had managed the company’s growth since its founding in 2017. EyeSouth’s physicians will remain significant investors alongside Olympus and management, the company said.

My Eyelab and Stanton Optical Open Five Stores in Three States During September

By Staff
Monday, October 3, 2022 12:27 AM PALM SPRINGS, Fla.—My Eyelab and Stanton Optical, leading retail brands of Now Optics, opened five stores in three states during September.

Maureen Beddis, EVP of Membership & Strategic Initiatives, Will Leave The Vision Council

By Staff
Monday, October 3, 2022 12:24 AM ALEXANDRIA, Va.—In a communication sent to The Vision Council members on Friday morning, CEO Ashley Mills announced the departure of Maureen Beddis, The Vision Council’s executive vice president, Membership & Strategic Initiatives.

XP Health Raises $17.1 Million Series A Funding for Its Digital FirstTransform Vision Benefits Platform

By Staff
Monday, October 3, 2022 12:21 AM SAN CARLOS, Calif.—XP Health, a company developing a digital-first vision benefits platform, announced a $17.1 million Series A round led by HC9 Ventures, Valor Capital Group and ManchesterStory.

ClearVision Launches Faceboo Contest for ECPs in Support of Pumpkin Patch Project

By Staff
Monday, October 3, 2022 12:15 AM HAUPPAUGE, New York—ClearVision Optical is launching its annual Faceboo contest for eyecare professionals. This year, the contest is in conjunction with the Pumpkin Patch Project. Through its proprietary brand Dilli Dalli pediatric eyewear, ClearVision is joining up with the Pumpkin Patch Project to spread awareness for amblyopia and vision impairment in children. ClearVision will make a monetary contribution in support of the Pumpkin Patch Project in addition to helping promote the project among ECPs and parents.

VSP Vision Acquires Professional Eye Care Associates of America (PECAA)

By Staff
Friday, September 30, 2022 7:20 PM RANCHO CORDOVA, Calif. and BOCA RATON, Fla.—Today, VSP Vision announced the acquisition of Professional Eye Care Associates of America (PECAA)  from Nautic Partners. PECAA will continue to operate independently and be led by doctors, for the benefit of all independent eyecare professionals, the companies said, adding “The industry's two largest supporters of independent eyecare professionals are uniting to ensure the continued success and growth of private practice.” Serving more than 12,000 members, PECAA is the nation’s largest community of independent eyecare professionals. Since 2006, PECAA has delivered member-focused business services, group buying power to reduce costs, and a community of peers offering a network of support.

Silhouette Fights Climate Crisis Through Green Energy Initiatives and Carbon Offsetting

By Staff
Friday, September 30, 2022 4:07 PM The climate crisis is threatening life as we know it. Since the beginning of industrialization, the climate has rapidly changed. The planet is warming up, causing extreme weather events on a global scale. Silhouette takes its responsibility towards the planet seriously. As the global market leader in rimless premium eyewear, the Austrian family-owned company thinks long-term, with an eye on the future.

The American Diabetes Association Announces Initiative to Prevent Unnecessary Amputation

By Staff
Friday, September 30, 2022 3:25 PM The American Diabetes Association (ADA) has announced a new initiative to address the increase in preventable amputations across the U.S. More than 154,000 amputations are done each year as a result of poor access to quality care. Patients are increasingly forced to have amputations due to diabetes and even lose their lives due to inability to afford care. 

In the U.S., a limb is lost to diabetes every three minutes, according to the ADA. The Amputation Prevention Alliance will work to prevent this disproportional high level of amputations and amputation related mortality through policy, clinical awareness and empowerment of patient advocacy.

The project is slated to run for three years with a focus on enhanced access to quality care, technology and interventions. Rates of amputation are particularly high among minorities, with black Americans four times higher than non-Hispanic white Americans. In the LatinX community, patients are 50 percent more likely to have an amputation. 

A survey by Diabetes.org found that people served were unaware of their risk of amputation. Sixty-five percent said they believed they were not at risk and only 1 in 4 understood the signs and symptoms that could lead to amputation such as peripheral neuropathy, peripheral artery disease or critical limb ischemia.

Safilo Group Signs New Financing Agreement, Early Repayment of Existing Bank Debt

By Staff
Friday, September 30, 2022 12:33 AM Safilo Group signs new financing agreement; nominations open for Jobson's 2022 EyeVote Readers' Choice Awards; EyeCare Partners launches an Innovation Center; Guide Dogs for the Blind and American Foundation for the Blind release research findings; and Jobson releases latest Q3 ECPulse Survey all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

Safilo Group Signs New Financing Agreement, Early Repayment of Existing Bank Debt

By Staff
Friday, September 30, 2022 12:30 AM PADUA, Italy—Safilo Group signed a new financing agreement for a total of €300,000,000, maturing in September 2027 and consisting of a term loan facility of €150,000,000, a revolving credit facility of €75,000,000 and a Capex line of €75,000,000. The utilization of this new term loan facility, set for Sept. 29, 2022, permits the simultaneous early repayment of the entire bank debt currently represented by the term loan credit facility signed in 2018 with maturity June 2023 (equal to €35,000,000 in June 2022), and by the SACE term loan credit facility signed in 2020, expiring in June 2026 (equal to €108,000,000 in June 2022).