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 Capital Increase Reserved for Employees

Charenton-le-Pont, France – At the Extraordinary General Meeting of May 11, 2017, shareholders of Essilor International authorized the Board of Directors, within a 26-month period, to issue shares reserved for employees participating in an Essilor employee stock ownership plan, with new shares representing up to 1.5% of the total capital stock (Resolution 18). The maximum number of common shares previously authorized for issuance was 3,107,595.

At its meeting of December 6, 2017, the Board of Directors decided to issue up to 350,000 common shares reserved for participants in the Essilor / Essilor International / BBGR / Novacel Ophtalmique / BNL Eurolens / Delamare Sovra SAS / Mont Royal / EOMC / DAC Vision / Transitions Optical Distribution Ltd employee stock ownership plans. The new shares will carry dividend rights from January 1, 2017. They will be offered at a price of €85.71 per share, this being the average of the opening prices over the 20 trading days preceding the Board’s December 6, 2017 meeting, to which a 20% discount has been applied.

The purpose of this offer is to further involve the Company’s employees in its development by allowing them to become shareholders.

Click HERE for the full press release.

 

Spirit of the French Alps

Vuarnet introduces their iconic Glacier in a new, oversized, silhouette. Glacier XL features a matt black frame accented with blue, white and red – a nod to the brand’s French heritage. The leather side shields are removable to create a more urban look while the blue Polarlynx mineral glass lenses offer the very best optical clarity, maximum protection and extreme durability.

 

www.vuarnet.com/ca

 Marchon and Karl Lagerfeld Announce Renewal of Licensing Agreement

PARIS, FRANCE & NEW YORK, NY – Marchon Eyewear and KARL LAGERFELD, the iconic, globally recognized designer lifestyle brand, announced the long term, multi-year renewal of their global eyewear licensing agreement.

This strategic licensing alliance is for the exclusive worldwide design, development, production and distribution of men’s and women’s ophthalmic and sunglass collections, under the KARL LAGERFELD brand name. This renewal marks the approaching, decade-long milestone since Marchon and KARL LAGERFELD first became global licensing partners in 2007, with the brand’s debut collections having launched in 2008. Today, the sun and ophthalmic collections are sold worldwide in select optical retailers, department and specialty stores.

KARL LAGERFELD’s portfolio includes ready-to-wear for men and women, children’s wear, bags and small leather goods. Additional collections include watches, eyewear, footwear, perfumes, candles and fashion jewellery.

KARL LAGERFELD’s expanding network includes over 80 mono-brand points of sale worldwide, plus a premium wholesale presence in Europe, the Middle East and Asia. The global women’s flagship store on KARL.COM reaches 96 countries and reflects KARL LAGERFELD’s expertise in engagement through digital innovation.

Click HERE for the full press release.

 

Strong Canadian Presence Among 2017 Transitions Award Finalists

Among the  finalists announced by  Transitions Optical, Inc. for its annual Transitions Innovation Awards program, which recognizes both individuals and companies for their innovative efforts to support the Transitions® brand over the past year, Canadian optician and Canadian retailers are up for the honours.   The finalists will be announced during Transitions Academy 2018 in Orlando Florida.

2017 Transitions Brand Ambassador

The Transitions Brand Ambassador award celebrates an individual who best showcases their dedication to being an influential advocate of the Transitions brand. The 2017 finalists include:

Sheena, was the Award winner in 2016. and repeats as a finalist for 2017.

Canadian Retailer of the Year

The Canadian Retailer of the Year title is awarded to a retailer in Canada for actively supporting the Transitions brand and demonstrating a commitment to enhancing the vision of their customers and communities. The 2017 finalists include:

New Look took honours in 2016 for Best in Training over International competition and looks to step back on the podium in 2018.

Best in Marketing

Best in Marketing honours an individual or company for their creative and strategic marketing tactics to effectively promote the Transitions brand or Transitions family of products among customers or within their communities. The 2017 finalists include Quebec based Opto-Réseau,  who are also hoping to make a repeat visit on awards night in Orlando.   The three finalists include:

  • Opto-Réseau – Canadian optical network with more than 80 clinics
  • Value Optical – Optical chain in Trinidad & Tobago with 11 locations
  • Vision Source – Optical network of over 3,300 locally owned optometric practices

 

Click HERE for the full press release.

 

Westgroupe Named Canadian Distributor for ZEISS EYEWEAR

WestGroupe announces the launch of the ZEISS Eyewear collection in Canada in January 2018. WestGroupe has confirmed to Optik that the agreement with ZEISS Eyewear is exclusive for the Canadian market.

This is the first time ZEISS EYEWEAR will be available in the Canadian optical market.

ZEISS has over 100 years of expertise in manufacturing & cutting-edge technology in both lenses & design. The eyewear collection is the perfect complement to ZEISS’ experience in pioneering customized lenses. Combining frames with lenses, customers can now have the complete ZEISS experience.

“We are excited to offer a new premium brand to our customers that is complimentary to their current assortment. In this diverse range of product, ZEISS Eyewear features European, minimalistic styling with high-end materials, constructions & technology that resonates with customers & is synonymous to the ZEISS brand”, says Beverly Suliteanu, VP of Product Development.

The collection will launch with 14 styles for men and women, with a selection of full rim, semi rim and rimless styles constructed in Titanium, Beta-Titanium and TX5 materials.

Click HERE for the full press release.

 

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