Coastal Contacts Founder Steps Down After $445 Million Exit to Essilor

Posted by Techvibes NewsDesk

One day after closing a $445 million transaction to buy Coastal Contacts (the parent company of Clearly Contacts), French optical firm Essilor International has announced that Coastal Contacts' CEO Roger Hardy and president Gary Collins will be stepping down.

Founded in Vancouver in 2000 by Hardy, Clearly Contacts sells contact lenses online to customers in 10 countries including Canada, the United States, Sweden, Norway and Japan. Essilor is a French optical conglomerate founded more than a century ago.

According to a report in BIV Hardy will stay on as an advisor, "Roger has decided to invest his time in other activities but was kind enough to stay on as an advisor," Essilor's John Carrier told BIV.

Side Note: Hardy is an Investor in Footwear Ecommerce Startup Shoeme

Roy Hessel will be Coastal Contacts' new top local executive. Hessel had been in charge of Essilor's ecommerce arm, which had included two ecommerce companies that Essilor bought in the past five years: Austin's FramesDirect.com and Shanghai's EyeBuyDirect.com.

Image: PROFIT

Company:
Clearly Contacts
Website:
http://www.clearlycontacts.ca
Location:
Vancouver, British Columbia, Canada

Clearly Contacts is the planet’s largest online eyewear company, empowering our customers to easily browse, try on and buy eyewear – saving money, time and sanity. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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