February 3, 1987
Boake A. Sells, president of Dayton Hudson Corp., Minneapolis, will take on the additional title of chief operating officer, effective March 1. Sells joined Dayton Hudson as vice chairman in June, 1983, and was named president and a director in July, 1984. Before joining Dayton Hudson, he had been president of Cole National Corp., a specialty retailer based in Cleveland.
February 15, 2002 |
Cole National Corp.'s Pearle Vision faces a lawsuit by California's attorney general that claims the eyeglass retailer engages in the unlicensed practice of optometry and deceptive marketing. Atty. Gen. Bill Lockyer's office claims Pearle advertises that it provides optometric services such as eye exams with tag lines such as "The Doctor Is In." Pearle Vision is prohibited by state law from providing optometric services.
September 26, 1996 |
Cole National to Acquire Pearle Vision: The $220-million acquisition by the Cleveland-based company from Britain's Grand Metropolitan will make Cole the second-largest eye wear retailer in the U.S. Cole will then sell the 183 stores in Pearle's European division to an investor group for $55 million, while retaining a minority stake.
December 7, 1990 |
Child World Inc.'s chairman, Dennis H. Barron, has resigned "to pursue other interests," the majority stockholder of the troubled toy chain disclosed. A spokesman for CNC Holding Corp., which owns 82% of the toy chain, declined to say when or why Barron left the post, but a source at Child World said the former chairman had been forced out at a CNC board meeting Monday. Barron also gave up the position of president and chief operating officer of Cole National Corp.
July 26, 2002 |
Responding to a lawsuit filed by California in February, Pearle Vision Inc. and Pearle VisionCare Inc. opened a cross-complaint in San Diego Superior Court on Thursday against state Atty. Gen. Bill Lockyer and the director of the Department of Consumer Affairs. The state lawsuit alleged that Pearle Vision, a subsidiary of Cleveland-based Cole National Corp., has engaged in the deceptive marketing of eye exams and in the unlicensed practice of optometry.
May 30, 1987 |
Mass merchandiser Sears has launched its long-awaited foray into specialty retailing with the $52.4-million purchase of a chain of eye-care "super stores." The acquisition, announced on Friday by Eye Care Centers of America, would give Sears a foothold in the promising eye-care business, which analysts say stands to benefit from the millions of aging Baby Boomers who will have a greater need for eye glasses. The eye-care company, based in San Antonio, Tex.