McGee Group Names Gina Kwok Marketing Director

By Staff
Tuesday, July 16, 2024 12:24 AM MARIETTA, Ga.—McGee Group, a leader in the design and manufacturing of branded eyewear, has announced the appointment of Gina Kwok as marketing director. Kwok joins McGee after a distinguished career at the Savannah College of Art and Design (SCAD) in Atlanta, where she served as associate chair of luxury and brand management and associate chair and professor of fashion marketing and management. Before joining SCAD, Kwok served as vice president of marketing at Boxcraft and vice president of apparel marketing at AmericasMart.

Bajio Sunglasses Expands U.S. Sales Team

By Staff
Friday, July 5, 2024 12:18 AM NEW SMYRNA BEACH, Fla.—Bajío Sunglasses, an independent performance sunwear brand with sustainability at its forefront, is expanding its U.S. sales force with eight new members to help grow the sales of its prescription sunglasses.

Silmo Prepares for 2024 Edition Focused on Optical’s Future

By Staff
Tuesday, July 2, 2024 12:18 AM PARIS—Silmo 2024 organizers are preparing for this year’s edition, which will feature over 900 exhibitors and 1,500 brands from 144 countries, according to an announcement from show organizers.

De Rigo Group Announces Jeff Fitzhugh as New President of De Rigo Rem, Alessandro Baronti to Depart at End of July

By Staff
Monday, July 1, 2024 12:21 AM LONGARONE, Italy—De Rigo Group S.p.A. announced on Friday changes in its North American leadership. Alessandro Baronti, who has served as president of De Rigo Rem for the past six and a half years, will leave the organization at the end of July. On July 8, Jeff Fitzhugh will step into the role of president of De Rigo Rem.

Safilo Group Launches Share Purchase Program

By Staff
Monday, July 1, 2024 12:15 AM PADUA—Safilo S.p.A., a subsidiary of Safilo Group S.p.A., has announced that, as per the authorization granted by the Shareholders’ Meeting held on April 24, 2024, it has engaged Kepler Cheuvreux, as a qualified third-party broker, to launch the Safilo Group S.p.A. share (the “Shares”) purchase program.

Private Equity Firm Highland Rim Capital Acquires I-Deal Optics

By Staff
Wednesday, June 26, 2024 12:27 AM OAKBROOK TERRACE, Ill.—I-Deal Optics, Inc., a Troy, Mich.-based portfolio company of Main Street Capital Holdings and a marketer and value-added distributor of prescription eyewear and sunwear frames, has been acquired by Nashville-based private equity firm Highland Rim Capital. Terms of the transaction were not disclosed. Prairie Capital Advisors, which announced the deal late last week, acted as the exclusive financial advisor in this transaction for I-Deal Optics and its shareholders. “In conjunction with a dedicated management team, we have continued to build the strong reputation of I-Deal in the marketplace as a compelling, one-stop-shop value proposition to private practices,” said Ryan Davis, partner at Main Street Capital Holdings.

For VM's 2024 Top 50 U.S. Optical Retailers, Revenues Show Healthy Growth Despite Economic Uncertainty

By Staff
Wednesday, June 26, 2024 12:24 AM NEW YORK—Vision Monday's signature annual report on the Top 50 U.S. Optical Retailers was released this week, in VM's June issue and on VisionMonday.com. The 2024 report, which examines companies' sales and location counts for the country's leading retailers, including mass merchants and warehouse clubs, is based on calendar year 2023 information and VM estimates. The collective sales of VM’s Top 50 U.S. Retailers rose 8 percent in 2023 compared with 2022, to reach an estimated $20.1 billion from 16,369 locations, the report shows. The Top 10 retailers accounted for 84.5 percent of overall Top 50 sales.

Cutler and Gross Opens New, Larger New York City Location

By Staff
Wednesday, June 26, 2024 12:18 AM LONDON and NEW YORK—After over a decade at 110 Mercer Street in Manhattan, British eyewear brand Cutler and Gross has opened a new, larger store at 71 Mercer Street, according to an announcement from the company.

Tura Announces Partnership With Inspecs USA to Strengthen Its Presence in the U.S. Eyewear Market

By Staff
Monday, June 24, 2024 12:21 AM NEW YORK—Tura, a leading designer, manufacturer and distributor of eyewear, has announced a new collaboration with Inspecs USA, which is part of Inspecs Group, a high-performing, globally aligned eyewear company.

Kenmark Eyewear and Original Penguin Renew License

By Staff
Thursday, June 20, 2024 12:21 AM LOUISVILLE, Ky.—Kenmark Eyewear has announced the renewal of its exclusive license agreement to develop, produce and distribute eyewear for the Original Penguin brand.

EssilorLuxottica and Diesel Announce 10-Year Licensing Agreement

By Staff
Wednesday, June 19, 2024 12:24 AM CHARENTON-LE-PONT, France and MILAN—EssilorLuxottica and Diesel have announced an exclusive license agreement for the design, manufacture and worldwide distribution of Diesel eyewear. This agreement is effective immediately until December 31, 2029, with an automatic renewal option of an additional five years.

Marchon Eyewear and Longchamp Announce Renewal of Exclusive Global Eyewear Licensing Agreement

By Staff
Wednesday, June 12, 2024 12:21 AM NEW YORK—Marchon Eyewear, Inc. and French luxury brand Longchamp announced today the multi-year renewal of their global eyewear licensing agreement.

EssilorLuxottica to Convert 40 Hectares of Industrial Land into Solar Farm, Natural Food Crops

By Staff
Tuesday, June 11, 2024 12:21 AM CHARENTON-LE-PONT, France—EssilorLuxottica has announced the implementation of an innovative project near Pescara, Italy which involves the recovery and reconversion of industrial land surrounding the site of Barberini, a world-class optical glass lens manufacturer.

Fielmann Group Acquires Shopko Optical, Expands in Upper Midwest

By Staff
Monday, June 10, 2024 11:15 AM HAMBURG, Germany and GREEN BAY, Wis.—The Fielmann Group, a global eyewear provider, has announced that it has entered into a definitive agreement in which its U.S. subsidiary, Fielmann USA, will acquire 100 percent equity ownership in Shopko Optical, an optical retailer based in Green Bay, Wis., from Monarch Alternative Capital LP. The transaction is expected to close in the third quarter of this year, the group said, subject to customary closing conditions and regulatory approvals. Shopko Optical operates more than 140 stores across 13 states and generated $168 million in sales in 2023, according to the announcement.

WestGroupe Expands Sales Team in U.S. and Canada

By Staff
Monday, June 10, 2024 12:24 AM MONTREAL—WestGroupe, a leading optical company headquartered in Montreal, has announced the expansion of its North American sales force to accommodate the upcoming additions of AllSaints, Nano and BFlex to its brand portfolio. In Canada, this new division will work alongside the existing Western and Wescan divisions, according to the announcement. WestGroupe said it will create a new two-division structure in the U.S. The brands within this new structure will enjoy the same discount levels and sales programs as WestGroupe’s existing brands, the company said.