ASX: OPS | |
Founded | 1932 |
Headquarters | , Australia |
Area served | Australia, New Zealand |
Owner | EssilorLuxottica |
Divisions | Budget Eyewear Laubman & Pank OPSM Ray-Ban Optical |
Website | www |
OPSM (Optical Prescription Spectacle Makers) is a retailer of eye glasses in Australia and New Zealand, with locations in Hong Kong, Singapore, and Malaysia. It is owned by EssilorLuxottica, a French-Italian eyewear conglomerate.
OPSM's CEO since October 2020 is Matteo Accornero.
OPSM was founded in Sydney in 1932, and was floated on the Australian Securities Exchange in 1962. [1] In May 2001, OPSM sold its Protector Safety Supply Group to Howard Smith. [2] Luxottica acquired a controlling interest in 2003 and in February 2005, OPSM was delisted from the Australian Securities Exchange. [3] [4] [5]
In 2010, OPSM opened the Eye Hub concept store in the Melbourne suburb of Hawthorn, blending optometry and ophthalmology into one practice. [6] As to 2018, it operated 330 stores and 41 franchises. [7]
Laubman & Pank became at one stage the largest eye care business in Australia. [8] It began operations in 1908 with two optometrists deciding to set up their own business. [8] The group was acquired by OPSM in 2001 and is now run by Luxottica, the world's biggest eye care and eye wear conglomerate. [8] Laubman & Pank has 38 stores in Australia. [9]
OPSM acquired The Optical Centre [10] (Chinese :藝視眼鏡) from Michael Miu in 2002. [11] At that time OPSM also owned another Hong Kong–based chain The Optical Shop (known in Chinese under the brand 高登眼鏡). [11] Nowadays Luxottica group runs the Hong Kong chain under dual-brand LensCrafters 高登眼鏡. It also used the brand Sunglass Hut.
7-Eleven, Inc. is a Japanese-owned convenience store chain, headquartered in Irving, Texas. The chain was founded in 1927 as the Southland Ice Company, operating an ice house storefront in Dallas. Then-owned by Southland Corporation, the number of convenience stores expanded and were named Tote'm Stores between 1928 and 1946. Southland Corporation changed the stores' name to 7-Eleven in 1946, reflecting expanded hours of operation. Southland Corporation started franchising its stores in 1961; in 1973 Ito-Yokado, a Japanese supermarket chain, signed a franchisee agreement with Southland Corporation to develop 7-Eleven convenience stores in Japan. Operating the Japanese stores under Seven-Eleven Japan, Ito-Yokado acquired a 70% stake in Southland Corporation in 1991; as majority owner, it changed Southland Corporation's name to 7-Eleven, Inc. that same year, then expanded to 100% ownership in November 2005, making 7-Eleven, Inc. a wholly owned subsidiary of Seven-Eleven Japan. Ito-Yokado reorganized its collective businesses as a holding company in 2005, Seven & I Holdings, with 7-Eleven, Inc. wholly held by Seven-Eleven Japan.
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Luxottica Group S.p.A. is an Italian eyewear multinational corporation headquartered in Milan. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands through its own subsidiaries. It is the largest eyewear company in the world. It is, since October 2018, a subsidiary of EssilorLuxottica, which arose out of a merger between the Italian company and the French ophthalmic optics corporation Essilor.
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Pearle Vision is an American chain of eye care stores. It is one of the largest franchised optical retailers in North America. The company was acquired by Luxottica, an Italian eyewear company, in 2004. As of December 31, 2018, Pearle Vision operated 110 corporate stores and had 419 franchises throughout North America.
Essilor International is a French multinational corporation specialized in the design, manufacture and sale of ophthalmic lenses, optical equipment and instruments. It is the world's largest manufacturer of ophthalmic lenses. Founded in 1972 out of the merger of two French companies operating in the sector, Essel and Silor, it is headquartered in Charenton-le-Pont, near Paris. It is, since October 2018, a subsidiary of EssilorLuxottica which arose out of a merger between Essilor and the Italian eyewear corporation Luxottica.
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Eyewear is a term used to refer to all devices worn over both of a person's eyes, or occasionally a single eye, for one or more of a variety of purposes. Though historically used for vision improvement and correction, eyewear has also evolved into eye protection, for fashion and aesthetic purposes, and starting in the late 20th century, computers and virtual reality.
Michael Miu Kiu-wai is a Hong Kong actor and businessman. His career has been met with popular success in his youth, followed by a resurgence in middle age after a period of hiatus. He is considered one of the most popular Hong Kong actors of the 1980s. Miu is best known for the villainous Yeung Hong in the 1983 television drama The Legend of the Condor Heroes.
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The United States Shoe Corporation was a retailing conglomerate headquartered in Cincinnati, Ohio, that operated several retail chains and brands mostly in the fields of shoes, clothing and optical. Most notably, U.S. Shoe was the parent company of optical retailer LensCrafters from 1984 until its own acquisition by Luxottica in 1995.
HKT Limited, also known as Hong Kong Telecom, is one of the largest telecommunications companies in Hong Kong. It has a dominant position in fixed-line, mobile, IDD and broadband services in Hong Kong. HKT Group is a subsidiary of PCCW since 2000, after it was acquired from Cable & Wireless plc.
EssilorLuxottica SA is a Franco-Italian vertically integrated multinational holding company registered in Charenton-Le-Pont and headquartered in nearby Paris and Milan. It designs, produces and markets ophthalmic lenses, equipment and instruments, prescription glasses and sunglasses. It was founded on 1 October 2018 and its name is an amalgamation of the two major corporations which merged to create it; the French Essilor and the Italian Luxottica. The two companies have, since the merger, been restructured as subsidiaries of the new entity.
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