Menicon buys out Tokyo CL chain

Japanese manufacturer Menicon has purchased the country's fourth largest contact lens retail chain. It has bought Tokyo area-based WI System, which has 68 stores, for an undisclosed amount.

'I have great expectations that this integration between our well-known companies will encourage more people to experience the joy of wearing advanced lenses, and allow us to further contribute to eye safety and comfort in Japan, and ultimately in markets around the world,' said Menicon president Hidenari Tanaka.

Earlier this year Menicon launched a revolutionary flat pack technology for the Japanese market, and also announced plans for a European headquarters in the Netherlands.