Category Archives: Global

Safilo renews the Licensing Agreement for Banana Republic

Safilo renews the Licensing Agreement for Banana Republic

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Padua, February 5, 2013  – Safilo Group, worldwide leader in the premium eyewear sector, and Banana Republic, the global accessible luxury brand that delivers modern, covetable workplace style, announce the renewal of the licensing agreement through January, 31, 2019 for the design, manufacturing and distribution of optical frames and sunglass collections.

The multi-year agreement strengthens a partnership with Banana Republic, originally forged in 2007, and gives further engine to the development and distribution of one of the most representative brands of elevated design at approachable prices.

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PPG in Discussions with Essilor Regarding Transitions Optical Joint Venture

PPG in Discussions with Essilor Regarding Transitions Optical Joint Venture


ppgPittsburgh – (Business wire) – Jan. 14, 2013
– PPG Industries, Inc. (“PPG”) is currently in discussions with Essilor International (“Essilor”) relating to the future of PPG’s and Essilor’s joint venture, Transitions Optical, a leading provider of photochromic lenses to optical manufacturers worldwide and a consolidated subsidiary of PPG. PPG is the majority shareholder in Transitions Optical, which was formed in 1990, holding a 51 percent interest in the joint venture companies. Essilor holds the remaining 49 percent interest and is also the largest customer of Transitions Optical. Transitions Optical accounted for a substantial portion of the sales and earnings of PPG’s Optical and Specialty Materials reportable segment in 2012. PPG and Essilor have worked together as business partners for more than 22 years in connection with Transitions Optical. PPG believes that both PPG and Essilor have been important contributors to the success that the Transitions Optical business has achieved.

PPG cannot predict the outcome of the discussions with Essilor with respect to the future of Transitions Optical; however, PPG believes that possible outcomes may include (1) a modification of the current joint venture structure, (2) a sale of all or a portion of PPG’s interests in Transitions Optical to Essilor, or (3) a sale of all or a portion of Essilor’s interests in Transitions Optical to PPG. These outcomes may result from a negotiated transaction or from the exercise of contractual rights that exist between the parties. Under certain circumstances, which PPG does not believe have yet occurred, either PPG or Essilor may have the right to specify a price at which the other party could elect to sell its interests or buy the first party’s interests in one or more of the Transitions Optical joint venture companies.

PPG also cannot predict the timing of the completion of its discussions with Essilor but expects that these discussions are likely to continue over the next several months. There is also no assurance that the parties’ discussions will result in any of the possible outcomes set forth above. While the discussions between PPG and Essilor continue, Transitions Optical intends to continue to operate its business without interruption or change in customer service. As previously announced, Transitions Optical is on schedule in expanding its new technology platforms through major new product introductions globally.

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries’ vision is to continue to be the world’s leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Sales in 2012 were $15.2 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.

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Emporio Armani Eyewear SS 2013: Impeccable and Clean Styles

Emporio Armani Eyewear SS 2013: Impeccable and Clean Styles

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The Emporio Armani Eyewear collection is true to the concept of impeccable but always youthful and fresh Emporio Armani style. Glasses that are both modern and refined thanks to the carefully designed rubber details and the unique finishes. The colour range is extensive: more sober hues are joined by light-heartedand lively pastel and metallic tints combined with mirrored lenses. Continue reading

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Is Nearsightedness Becoming an Epidemic Close to Home?

  • Myopia is commonly associated with Asian populations since the incidence rates are as high as 80 percent in that part of the world; however, it is becoming increasingly common in Western societies, such as in the United States.
  • A recent study showed that during the past 30 years, myopia rates have increased 66 percent among Americans ages 12 to 54, now exceeding 40 percent of the population.
  • Currently 1.6 billion people suffer from myopia and, globally, 2.5 billion people are projected to be affected within the next 10 years.

Myopia occurs due to the eye being somewhat longer than normal or the cornea having too much curvature, causing the light rays entering the eye to focus in front of the retina rather than on it.iv The condition can occur at almost any age, but most commonly begins in childhood and progresses throughout adolescence and even into the adult years.iii Myopia is a significant concern for its high incidence and in cases where the myopia is very extreme, it is associated with vision complications such as glaucoma and retinal detachment.v Obvious signs of nearsightedness include difficulty seeing television clearly from a standard distance, or squinting to see distant objects more clearly.

There is significant scientific debate on whether myopia is hereditary, or is caused by environmental factors. Most likely there are contributions from both.  A great deal of research is underway to determine what causes, and how to prevent the progression of myopia.

Since children may not readily report their visual problems, eye exams are critical in the early diagnosis of myopia.  As a corrective technique, lenses are prescribed to help focus light more precisely on the retina, where a clear image will be formed.  Depending on the degree of myopia, glasses or contact lenses may need to be worn full time.

To help your child cope with myopia:

  • Talk to your child about how widespread myopia is so that he or she understands that other children have the same visual condition.
  • Never refer to your child’s sight as “bad;” instead, talk to your eye care professional about the best way to describe your child’s vision condition so that he or she will understand.
  • Encourage your child to talk to you about changes in their vision.  This will allow you to obtain corrective lenses or, if your child already has vision correction, make the necessary adjustments.
  • Do not allow your child’s vision to prevent him or her from participating in physical activities.  Many children benefit from the use of contact lenses if they are involved in sports or other active recreation.
  • Make sure your child spends time playing outdoors. Research has shown a link between the amount of sports and outdoor activity and the development of myopia

In addition to its current portfolio of contact lenses for myopia correction, CIBA VISION® is actively working to discover new ways to correct and even control the progression of myopia.  Through global partnerships with leading myopia researchers, we are committed to developing solutions for eye care professionals and individuals that help in the fight against myopia.

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New Chrome Hearts Custom release frames – Stains IV

New Chrome Hearts Custom release frames – Stains IV

Stains_IV_GPChrome Hearts showcases their new custom release frames – Stains IV. These classic full-rimmed aviator sunglasses are offered in five color ways: Brushed Silver, Chocolate Brown, Gold, Shiny Silver and Matte Black. The flexible beta-titanium temples on this unisex frame are accented with a .925 sterling silver wrapped-dagger motif at the hinge connection and a hollowed-out cross motif at the end. An additional décor element, a Chrome Hearts logo laser-engraved on the top bar, sits above the pure titanium rim wire.

The Stain IV will feature 6-base CR39 lenses with 3-layer antireflective coating and exterior hard coating for maximum lens protection.The limited-edition custom Stain IV will be in-store in Winter 2012/2013.

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