The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.Learn More
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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