Essilor International and PPG Industries are keeping everyone guessing about their Transitions Optical joint venture after beginning unspecified talks this week. A statement by PPG was inconclusive, to say the least, and Essilor said talks were expected to last several months. These talks could result in a modification of their current joint venture structure, a sale of all or a portion of PPG’s interests in Transitions to Essilor, or a sale of all or a portion of Essilor’s interests in Transitions to PPG. Taking a look at each group, Essilor is focused purely on lenses for the optical market, while PPG has interests in a number of sectors. Whether this makes Essilor a more likely buyer is arguable though, because PPG prospers from having a diversified portfolio. With both parties remaining tight-lipped, the bets are on – including those for none of the above. Joe Ayling, news editor.