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EssilorLuxottica signs an agreement to acquire A-Look, Seen and OWL retail stores in Malaysia
GlobeNewswire News Room· 2025-06-05 06:00
Core Insights - EssilorLuxottica has signed an agreement to acquire A-Look, Seen, and OWL retail stores in Malaysia, which are among the largest optical companies in the country operating over 90 stores [2][4] - The acquisition aims to elevate the standards of vision care in Malaysia and enhance the digitalization of the market to improve consumer experience [4][5] - The transaction is expected to close by the end of June 2025, pending customary closing conditions [7] Company Strategy - The integration of A-Look, Seen, and OWL stores will enhance EssilorLuxottica's understanding of the Malaysian market, contributing to increased awareness and demand for high-quality vision care products [5][6] - The company emphasizes a consumer-centric strategy, focusing on improving access to visual care solutions for all Malaysian consumers [5] - This acquisition complements EssilorLuxottica's existing network in the Asia Pacific region, which includes lens production facilities to provide quality service to eyecare professionals [6] Historical Context - A-Look was founded in 2003 by Dato Terry Ngeow, with its first store opening in Kuala Lumpur, and has since expanded across East and West Malaysia [3]
Bausch + Lomb (BLCO) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-30 14:36
For the quarter ended March 2025, Bausch + Lomb (BLCO) reported revenue of $1.14 billion, up 3.5% over the same period last year. EPS came in at -$0.07, compared to $0.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.15 billion, representing a surprise of -0.86%. The company delivered an EPS surprise of -333.33%, with the consensus EPS estimate being $0.03.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...