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MODERN OPTICAL INTERNATIONAL Supports Local University Food Pantry

Roselle, IL – Value eyewear leader Modern Optical International sponsored a food drive in early November to support Libby’s Place, an on-campus food bank at nearby Aurora University in Aurora, Illinois. This is the second consecutive year that Modern Optical employees and their families chose Libby’s Place as its “Modern Gives Back” Charity. Founded in August 2015, Libby’s Place was established following a homelessness initiative meeting on campus. Students, staff, and members of the community realized that homelessness and food insecurity are issues some students face every day.

To help stock the shelves of Libby’s Place, Modern Optical employees donated over 800 items ranging from cereal, noodles, and canned goods to hygiene items such as toothpaste and soap. Several employees made gift card and monetary donations.

Kris Johnson, Director of Student Leadership at Aurora University, expressed her gratitude in a recent letter, “I cannot begin to thank you for the generous donation of food and toiletry items… We have had a significant increase in the number of students using the food pantry this year and your donation came at an optimal time as we were getting low on supplies… Essentially, Modern Optical International has not only helped to feed their stomachs, but also their hearts and souls as well. For the students to be able to live in an environment where they know other people care for them is absolutely priceless. We will be forever grateful for your kindness.”

To read full press release, click HERE.

 

Essilor Expands in China

Charenton-le-Pont, France  – Essilor has formed a new partnership by taking a 50% stake in Photosynthesis Group, a Hong Kong-based company that markets sunglasses and corrective lenses under a range of banners including MJS. It primarily operates through a network of franchised shopping mall stores in China and has begun expanding abroad in Southeast Asia. The partnership will help to drive faster growth in the Chinese optical industry, while enabling Essilor to broaden its footprint in the promising sunwear segment.

Separately, Essilor has also agreed to purchase a 55% equity interest in Jiangsu Creasky Optical, an ophthalmic lens manufacturer and distributor based in Danyang, China. Jiangsu Creasky Optical employs more than 300 people and primarily serves the domestic market. Its acquisition, which is subject to regulatory approval, is designed to expand Essilor’s offering in the Chinese mid-range segment.

Together, these two partnerships attest to Essilor’s strong acquisitions dynamic in 2016, which is expected to result in a scope effect of around 4% for the year. On a like-for-like basis, revenue growth is now projected to end the year at around 3.5%, reflecting the temporary slowdown in the ophthalmic optical market in the United States – the Company’s largest market – and several other leading geographies, as well as the October revenue performance. The solid growth anticipated therefore in full-year revenue at constant exchange rates reflects the strengthening of the Company’s positions across the global marketplace.

Lastly, contribution from operations1 is now expected to stand at around 18.5% of revenue, primarily due to the slower than expected like-for-like growth and the dilution from the sustained acquisitions dynamic.

In 2017 and the years ahead, Essilor will pursue its mission to improving visual health by strategically expanding in prescription lenses, sunwear and online sales. It remains confident in its ability to seize the wide variety of growth opportunities offered by the optical market, where demand is being driven by durable, robust fundamentals.

1 Contribution from operations corresponds to revenue less cost of sales and operating expenses.

Click HERE to read the full press release.

Bausch + Lomb and TerraCycle Launch CL Recycling Program

Bausch + Lomb announced the launch of the Bausch + Lomb #ONEbyONE recycling program, encouraging consumers to help preserve the environment. Patients in the United States can now recycle their used Bausch + Lomb contact lenses and blister packs through a unique and free program,, developed in partnership with TerraCycle, a leader in the collection and repurposing of hard-to-recycle post-consumer waste.

Bausch + Lomb is marking the launch with a consumer event on America Recycles Day (November 15) hosted by Biotrue® ONEday, at the Marshall B. Ketchum University’s Southern California College of Optometry (SCCO) in Anaheim, CA. The event will feature an educational and interactive experience for students and the surrounding community, giving them the chance to participate in the recycling program.

This new program is not available in Canada, however Bausch + Lomb Canada says that recycling of the blister plastic is certainly available through local recycling programs, as is the box.

Source: http://www.bausch.com/our-company/recent-news/id/2341/1192016-wednesday

OWP’s Blau Combines Stainless Steel with Acetate

More new releases from OWP’s Blau collection include these two styles with stainless steel fronts and acetate temples. A very simple, easy going temple design made from a two-layer material

With a distinctive facet combined with a modern colour design. Style 1415 features a cool, round shape with a brow bar and a duo-tone colour concept. Style 1416 (photo) is slightly more sedate as a nylor frame.

Distributed by Lanctôt : www.rlanctot.com

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