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A Chance to Win Makeover Money from Walman and More of What You Need to Know for March

Plus Americans fear eyecare costs and Safilo doubles down on their celebrity presence with an acquisition.




Safilo Group has acquired a 61.34% equity interest in Miami- based Privé Revaux for $67.5 million.

Safilo Buys Privé Revaux Majority

Safilo Group has acquired a 61.34% equity interest in Miami- based Privé Revaux for $67.5 million. David Schottenstein, co-founder and CEO, retains 15.5%, while the rest is held by celebrities Jamie Foxx, Hailee Steinfeld and Ashley Benson, senior management, and others. Private equity fund TSG Consumer Partners and its affiliates sold their entire stake to Safilo and other equity holders. Celeb favorite Privé Revaux distributes through an array of channels and retailers, online and off. In 2019, it posted net sales of approximately $20 million.

Americans Fear Eyecare Costs

Versant Health released the results of its inaugural Vision Wellness Study, which explores perceptions of eyecare and its relation to overall health. It found that only 13 percent of Americans go to their eye doctor for both routine eyecare and to address potential symptoms of chronic conditions. But 84 percent say they’d be more likely to make an appointment if they were aware of the connection between eyecare and disease detection. Some 39 percent said cost is a reason household members do not visit an eye doctor as often as they would like.

Walman Giving Away $20,000

Walman has created the “My Perfect Vision is 2020 Makeover Sweepstakes,” in which it will give away $20,000 to help independent eyecare practices reach their perfect vision. Launched on Jan. 1 and running through Dec. 31, 2020, two lucky first prize winners will receive $5,000 and one grand prize winner will receive $10,000 to transform their practices. Winners will be selected by a third party; independent eyecare practices are encouraged to enter by visiting and sharing their perfect vision for their practice.

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