Essilor Has Purchased and Now Owns (Insert Company Name Here)

[obxeyeguy]

It won't stop until some people stop drinking the "E" cool aid. Maybe when they are paying $96 for Ar that has more bells and whistles then even their own rep can explain without laughing, some will get it. Right now, fewer get it than ever.

[sharpstick777]

Give me bells and whistles because I can think I am Optician when really I am a frame stylist with PD stick and marking pen.

It won't stop until some people stop drinking the "E" cool aid. Maybe when they are paying $96 for Ar that has more bells and whistles then even their own rep can explain without laughing, some will get it. Right now, fewer get it than ever.

[rmaldonadorivera]

I was an Essilor employee for some years, then I went back to private practice. The Dr. used the same Essilor Lab I worked at. As the Dispensing Optician there I decided to switch to Hoya Labs and what a great experience our patients and our practice is having. We've been contacted by essilors brand rep, account rep, lab reps you name it. I have helped Hoya rep land a few choice accounts and they are happy with the change. We can turn things around if we support others labs. Many years ago I grew up in a small lab atmosphere and we did very well until insurance came to be. Now it seems Essilor is buying or making big deals with them too, but there are ways around that too.

[sharpstick777]

Essilor Acquires Russian Lens Lab and Distributor:

http://www.visionmonday.com/latest-news/article/essilor-acquires-majority-stake-in-russian-lens-distributor-1/

CHARENTON-LE-PONT, France— Essilor International (Reuters: ESSI.PA) reported Friday that it has acquired a majority stake in Company Grand Vision, a major distributor of ophthalmic lenses and contact lenses in Russia that generates annual revenue of around €29 million. Company Grand Vision will continue to be led by its current management team and will help to strengthen Essilor’s multi-network strategy in Russia, where the Essilor and BBGR brands have been on the market for several years. - See more at: http://www.visionmonday.com/latest-n....WemvHl5B.dpuf

[sharpstick777]

what? Nothing yet this year? That could be a record of them not buying anything!

....oh, there is nothing left for them to buy.

[Sphinxsmith]

Congressmen?

[sharpstick777]

According the Optical Vision Site:

"Eyewear marketer and Essilor subsidiary FGX International has acquired Surrey-based Three Hundred, which trades as Fabris Lane. The deal also includes Three Hundred’s growing online retail operation Red Hot Sunglasses. Terms were not disclosed."

[DylanDavis]

I have a sort of general question:

As owners/management higher-ups in independent optical businesses, do any of you feel threatened by Essilor? It's amazing to read this thread from beginning to end (It started somewhere around 2010, I believe). It doesn't seem like they're acquiring great new product by purchasing these businesses. It more looks like they are just trying to obliterate any competition they might have, without end.

I think what I am trying to say is that if you are a good business, and really are able to maintain yourself on a model that makes you successful, I can't see how Essilor could get their hands on you. I am naive, as I've only been in this business for two and a half years now. But I have worked both in a super corporate environment, and in an independent, and it honestly feels like two different businesses, despite the product which binds. But even then, the product is so different, and various.

P.S. It does seem like a good portion of the acquisitions hanker on a changing of hands of the business, like the owners are hitting retirement age and passing their business along to Essilor, possibly because they know not who else they can give it over to.

[sharpstick777]

Congressmen?

lol...

[ChavaCha]

Why didn't anyone mention this one from last year.....

http://www.essilor.com/en/Press/News/Documents/2014/PR_Closing_Transitions_A.pdf

So basically if it's a optical related commercial, then it's Essilor.

[newguyaroundhere]

Why didn't anyone mention this one from last year.....

http://www.essilor.com/en/Press/News/Documents/2014/PR_Closing_Transitions_A.pdf

So basically if it's a optical related commercial, then it's Essilor.

Maybe because it was pretty much discussed a couple of pages back on this thread and was accepted as a formality.

[sharpstick777]

Essilor bought Vision Source this morning... Welcome to the new world.

http://www.newgradoptometry.com/essilor-agrees-to-aquire-vision-source-press-release/

[David_Garza]

Essilor bought Vision Source this morning... Welcome to the new world.

http://www.newgradoptometry.com/essi...press-release/

Will be interesting to see how that plays out in the next 9-12 months

[kcount]

Please let me know where I missed some info.

[ml43]

Please let me know where I missed some info.

essilor also makes it's own finishing, dispensing, and exam equipment - essilor instruments

Luxottica now has Michael Kors
other frame lines missing:
- Prada
- Third Culture
- Eyewear essentials
- D&G

Don't forget about eye exam of california(largest OD employer in CA)


For VSP Global
- Unity should be a separate lens division, as they can exist without VSPone(i.e. plexus FSV Unity, independent labs that process unity products)