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Essilor and Delfin extend the deadline of the Combination Agreement

Essilor and Luxottica announce the extension to July 31, 2018 of the deadline of both the Combination Agreement and Contribution Agreement signed between Essilor and Delfin, Luxottica’s majority shareholder.

As of today, the Chinese competition authority has not yet approved the contemplated combination between Essilor and Luxottica, such approval being a condition precedent to the closing of the combination. The parties remain confident that they will succeed in completing the antitrust processes in China and Turkey in the coming weeks.

The first General Meeting of EssilorLuxottica shareholders which was scheduled for July 25, 2018 will be reconvened by the EssilorLuxottica’s Board of Directors for a later date to be announced as soon as possible.

Click HERE for the full press release.

 

Transitions Launches Style Fix Contest in Canada

Transitions Optical launched a contest that gives consumers and eyecare professionals a chance to win Transitions Signature lenses style colours.

Winners will receive a seasonal, personalized style accessory and a $500 gift card to apply to the purchase of Transitions lenses and frames.

To enter the contest, Canadian consumers and eyecare professionals should visit www.Transitions.com/StyleFix to take a short quiz on style and lifestyle preferences to find which new Transitions Signature lenses style colour – sapphire, amethyst, amber or emerald green – is their ideal match.

The contest will have three entry periods: July 1-31, September 1-30 and November 1-30. Four winners will be chosen at the end of each entry period. Consumers and eyecare professionals are encouraged to enter each period for a chance to win the Transitions lenses prize package.

OWP Ladies: Refined Surface Finishes

Style 2177

OWP Ladies collection presents a floral style titanium temple design which shimmers with varnished surfaces and subtle nuances of colour. Style 2177’s look and feel are reminiscent of the polished surfaces of gemstones or amber and gives the acetate model the allure of costly accessories. Style 2177 features a curvaceous feminine design. This frame is available in four fresh colour versions to match perfectly with the temples.

Distributed by Lanctôt: www.rlanctot.com

 

 

 

National Sunglasses Day 2018: Over 1 Billion Impressions

The Vision Council has garnered more than 1 billion online, social media and broadcast consumer media impressions for National Sunglasses Day, with one of the official campaign hashtags #NationalSunglassesDay trending on Twitter throughout June 27.

  • 261 online placements, garnering more than 481 million impressions

Top online placements include: Forbes.com, HollywoodLife.com, InStyle.com, USAToday.com and Yahoo.com, among many others

  • 295 social media placements, garnering more than 415 million impressions

Top social media placements include: The Instagram and Twitter pages of Jennifer Lopez, Kathie Lee Gifford, Luke Bryan, O, The Oprah Magazine, the NFL and “Good Morning America,” among many others

  • 694 general broadcast placements, garnering more than 146 million impressions

Top general broadcast placements include: “KTLA,” “TODAY,” “Daytime,” “Tampa Bay Morning Blend,” “CT Style” and “Good Morning Connecticut,” among many others

  • 29 media tour broadcast placements, garnering more than 24 million impressions

Top media tour broadcast placements include: AOL.com, “The Daily Buzz” and CaravanGirl.com, among many others

Novartis Announces Intention to Spin Off Alcon

Novartis has announced that they intend to seek shareholder approval to spin off 100% of Alcon’s eye care device business into a standalone, separately traded company.

The new company would be incorporated in Switzerland, with major operations remaining in Fort Worth. Alcon’s ophthalmology pharmaceuticals portfolio would remain with Novartis.

Alcon CEO Mike Ball would become Chairman-designate; COO, and David Endicott would be promoted to Alcon CEO, both appointments effective July 1, 2018.

Joerg Reinhardt, Chairman of Novartis, said: “Our strategic review examined all options for Alcon ranging from retention, sale, IPO to spinoff. The review concluded that a spinoff would be in the best interests of Novartis shareholders and the Board of Directors intends to seek shareholder approval for a spinoff at the 2019 AGM. This transaction would allow our shareholders to benefit from potential future successes of a more focused Novartis and a standalone Alcon, which would become a publicly traded global medtech leader based here in Switzerland.”

Novartis also announced that it will initiate a share buyback of up to USD 5 billion to be executed by the end of 2019.

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