Breaking News!

[HindSight2020]

Essilor acquires Riverside Optical Lab -details to follow.

[Galerie]

I heard that it's not true and somebody didn't do their fact-checking on this one.

[crazyhorse]

Partially true.

[HindSight2020]

I heard that it's not true and somebody didn't do their fact-checking on this one.

Well, it landed in my inbox from a normally reputable source.

[idispense]

http://www.essilor.ca/SiteCollection...0Agreement.pdf

Isn't a licensing agreement concerning Crizal Coating technology , which is different from an acquisition ?

[HindSight2020]

http://www.essilor.ca/SiteCollection...0Agreement.pdf

Isn't a licensing agreement concerning Crizal Coating technology , which is different from an acquisition ?

That news aired a couple of months ago. Still waiting to hear more from yesterday. I'm just a messenger.

[idispense]

How many independent labs are in Ontario ?

[Chris Ryser]

The latest anouncement of a takeover by Essilor was :

Essilor Acquires Suntech Optics | 12/16/2013 | FinanceEssilor International has announced the acquisition of Suntech Optics Inc., one of Canada’s leading distributors of sunglasses and reading glasses, with .................

Essilor Acquires Suntech Optics,
Owner of the Canadian Sunglasses Brand Ryders

Charenton-le-Pont (December 16, 2013)
– Essilor International has announced the acquisition of
Suntech Optics Inc., one of Canada’s leading distributors of sunglasses and reading glasses, with
annual revenue of around US $15 million.

Based in Vancouver, British Colombia, Suntech markets a range of reading glasses and sunglasses, in particular under the proprietary Infokus® and Solair™ brands, to more than 2,800 retail outlets in the drug, grocery and mass channels of distribution in Canada.

Through its Bugaboos subsidiary, Suntech Optics owns and also distributes Ryders Eyewear..............

See all of it ----------> http://www.essilor.com/en/Press/News/Documents/2013/Suntech_A.pdf

[crazyhorse]

Here's the word finally; not an acquisition, but a buy-in. No specifics but I would guess less than 50%.

From M2L Media:


"Essilor confirmed that it has acquired a certain stake in Riverside Opticalab, but does not wish to release the exact amount. “We do not think of it as an acquisition, but as a partnership. Riverside will continue to operate as an independent, stand-alone entity. The agreement with Essilor will simply give them access to a wider range of products, which will add to their own products, such as the Persona line,” says Sylvie Pelletier, Essilor Canada’s vice-president of finance."

[David_Garza]

Isn't that buy in pretty much what they did with other large optical labs like Rite Style????

[Johns]

Essilor took over a lab?

That's news?

[HindSight2020]

Here's the word finally; not an acquisition, but a buy-in. No specifics but I would guess less than 50%.

From M2L Media:


"Essilor confirmed that it has acquired a certain stake in Riverside Opticalab, but does not wish to release the exact amount. “We do not think of it as an acquisition, but as a partnership. Riverside will continue to operate as an independent, stand-alone entity. The agreement with Essilor will simply give them access to a wider range of products, which will add to their own products, such as the Persona line,” says Sylvie Pelletier, Essilor Canada’s vice-president of finance."

What a crock of BS. Anything defined as a 'stake' is 'share of ownership' - equates to a partial acquisition. Just like their misleading marketing jargon, they can't even produce a truthful press release.

Now we have two wolves in sheep's clothing.

[lensguy]

Two wolves?

Riverside and ???

[Golfnorth]

Two wolves?

Riverside and ???

LensGuy;

Does your liscence plate on your vehicle have the same name?

[lensguy]

Not me......I am a ways west of T.O.
Must be an imposer!
Nice wheels?

[Golfnorth]

Not me......I am a ways west of T.O.
Must be an imposer!
Nice wheels?

Yes last time I checked he drove a 7 series BMW.
Thought you owned P.P.

Regards,
Golfnorth

[HindSight2020]

Yes last time I checked he drove a 7 series BMW.
Thought you owned P.P.

Regards,
Golfnorth

You are correct sir!

[HindSight2020]

Two wolves?

Riverside and ???

I'm sure you can figure it out.