Home / Knowledge / News / Fashion / Emerging Vision announces Annual Shareholders Meeting

Emerging Vision announces Annual Shareholders Meeting

Aug '05
America's leading retail optical franchise companies, Emerging Vision Inc held its annual shareholders meeting on Friday, August 26, 2005 in East Meadow, New York.At the meeting, Christopher Payan, Chief Executive Officer of Emerging Vision, reviewed the Company's 2004 results, which included the successful completion of its restructuring initiatives and also discussed operating highlights from the first half of 2005.

Results of the Meeting
During the meeting, Company shareholders approved the election of three directors to continue serving on the Company's Board of Directors until the 2007 annual shareholders meeting. The elected directors, which included Harvey Ross, Alan Cohen and Seymour Siegel, received approximately 65 percent of the votes cast at the annual meeting. Approximately 97 percent of the outstanding shares were voted at the meeting.

Successful Completion of 5-Part Restructuring Initiative
At the meeting, Payan discussed the Company's 2004 successful completion of a 5-part strategic reorganization plan, which was first implemented in 2002.This plan focused on the following initiatives:

Regaining profitability.The Company temporarily slowed its growth in various business segments to regain financial and operational stability within its retail optical division. The Company closed all of its non-profitable business divisions including the Company's B2B internet business and corrective laser surgery business, as well as 25 unprofitable Company-owned stores.

Must ReadView All

Pic: IFC

Apparel/Garments | On 15th Apr 2021

IFC to support Haiti in revamping garment sector

IFC, a member of the World Bank Group, is supporting the garment...

Pic: Sorbis / Shutterstock.com

Textiles | On 15th Apr 2021

US textiles & apparel imports down 6.98% in Jan-Feb 2021

The import of textiles and apparel by the United States decreased by...

Pic: Shutterstock

E-commerce | On 15th Apr 2021

Vietnam companies get Amazon boost to turn into brands

The Vietnam Textile & Apparel Association (VITAS) and Amazon have...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Social media critical in regeneration of businesses

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Laxmikant Rathi,

Laxmikant Rathi

With more than 60 years of experience in the textile industry, Ideal...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search