In 2013, three acquisitions in the eyewear industry shaped the market. First, Valeant Pharmaceuticals acquired Bausch and Lomb, the third largest global contact lens company. This led to a layoff of over 400 Bausch and Lomb employees. Second, Italian based Marcolin Eyewear acquired American rival Viva International, allowing for a brand portfolio featuring both high-end and accessible luxury brands. Finally, Essilor, the world’s largest corrective lens company, acquired FGX International and Costa Inc. in a bid to expand into spectacles.
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