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Marchand Giguère merges with FYidoctors

As part of its expansion plans, the Calgary-based optometry network, FYidoctors, has made its entry into Quebec by merging with the Marchand Giguère Group.

Marchand Giguère and its affiliates have 70 optometry locations under various banners, including 16 independent clinics which are also joining the group through the merger. FYidoctors has over 450 optometrists in over 280 locations under the FYidoctors banner or Vision Source Canada.

The Marchand Giguère Group believes that with the Quebec market in the midst of so much consolidation and change, this new business model was the best option for optometrists who want to remain in control of their destiny.

 

For further information, click HERE.

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Fear of vision loss

People fear blindness as much as they do cancer, Alzheimer’s disease and HIV/AIDS, according to a poll by Research!America and Alliance for Eye and Vision Research.

The majority of respondents considered vision loss to be the worst that could happen to them, as opposed to the loss of memory, hearing or speech. About 80% of respondents said that research to improve the prevention and treatment of eye disorders was a priority.

The poll, conducted in August 2014, involved 925 Whites, 401 Hispanics, 301 Asian-Americans and 417 African-Americans.

 

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Sales growth and new appointments at Luxottica

Luxottica reported sales of CA$8.2 billion for the first nine months of 2014, a 2.1% increase over the same period last year.

Growth was driven by the North American market, with an increase in wholesale sales of 11% and retail sales of 4.3%. Sales rose 30% in China, Brazil, India, and the Middle East.

In addition, the company confirmed that Massimo Vian will step into the role of acting CEO until the arrival of Adil Mehboob-Khan in January 2015. After that, the latter will hold the position of co-CEO of markets, and Massimo Vian will manage the products and operations sector. Finally, the Board of Directors appointed Stefano Grassi as the new financial officer, replacing Enrico Cavatorta, who recently resigned.

For more information: http://www.luxottica.com/sites/luxottica.com/files/2014_10_29_-_luxottica_-_3q_2014_results_-_eng.pdf

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Court reprimands Valeant and Pershing Square

A California court says that Allergan raises serious questions as to whether Valeant and Pershing Square engaged in insider trading.

The judge nonetheless refused to grant Allergan an injunction disallowing Pershing Square, which is Allergan’s largest shareholder, from voting at the special meeting on December 18. This meeting could determine the future of Allergan’s executives, who strongly oppose the takeover bid from Valeant and Pershing Square.

In the meantime, Allergan has admitted to having been approached by another suitor about a potential merger, which would complicate an acquisition by Valeant. Sources familiar with the matter say the other company is Actavis.

Actavis is an American pharmaceutical company. Based in Ireland, it has a U.S. administrative headquarters in the United States.

For more information: http://agn.client.shareholder.com/releasedetail.cfm?ReleaseID=880337

http://www.theglobeandmail.com/report-on-business/california-court-reprimands-valeant-pershing-over-pursuit-of-allergan/article21441111/

 

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Immagine98 lauches seven Rye&Lye models

Immagine98 has launched seven new models in its Rye&Lye collection, distributed in Canada by Mood Eyewear. Wood and titanium dominate these new creations, with the brand’s own acetate and Swarowski ornaments. Two frames for men, Donatello and Modigliani, are 100% titanium; Giorgione, Tiepolo and Tintoretto are wood frames; and Masaccio is a sparkling acetate frame. Finally, only 600 pairs of the Canova model, decorated with Swarowski ornaments, have been produced. http://www.moodeyewear.com/

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