News & Reviews

KKR-backed optical retailer National Vision files for IPO

Optical retailer National Vision Holdings, which is backed by KKR, has filed for an IPO. The number of shares that will be sold as well as the pricing terms have yet to be set. The company is planning on listing the stock on the NASDAQ.PRESS RELEASEDULUTH, Ga.–(BUSINESS WIRE)– National Vision Holdings, Inc. (“National Vision”) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering...

Keep an Eye on the United Arab Emirates’ New 50 Percent ‘Sin’ Tax on Soda

Big Soda has a new adversary with lots of money, and it’s not another midsize U.S. city armed with Michael Bloomberg’s billions. On Sunday, the United Arab Emirates began levying a very aggressive tax on sodas and energy drinks. A Coke there now sets you back 50 percent more, while a Red Bull costs 100 percent more dirhams. There’s no other soda tax as high as this “sin” tax the UAE government is now imposing — the soda industry fought tooth and nail to defeat Mexico’s heavy tax in 2013, and...

National Vision CEO Reade Fahs Sees Strong Sales, in Spite of Retailers' Woes

Discount eyewear retailer National Vision Holdings Inc. (EYE) went public on Thursday, Oct. 26, betting on "retail 2.0" and value-focused consumers. National Vision priced its IPO at $22 per share, ahead of the $18 to $20 per share forecast on Wednesday. Shares opened at $28.75, 30.7% above the offering price and 51.3% over the midpoint of the previously expected range. Shares were trading at $27.83, up 26.5%, midday.The company operates 980 retail stores in the United States, including...