New headquarters in Switzerland for Moscot

Moscot has further strengthened its position in Europe with the opening of a global corporate headquarters in Lugano, Switzerland, and a worldwide distribution center in Italy. In December 2015, the Company opened Moscot London in the Carnaby area of Soho, its fourth Company-owned retail shop, and first standalone shop in Europe, with plans to expand retail to other European cities in the next several years. In May, the Company took control of its European distribution, a move that has significantly increased the time and efficiency of its supply chain to customers. In addition to servicing its European wholesale and retail accounts, Moscot Europe also services Moscot’s existing wholesale accounts with territories in close proximity to Europe, including Turkey, the Middle East, and Africa, a decision that has streamlined the Company’s logistical efforts, increased cost efficiencies, and improved worldwide service. To date, Moscot is available in 857 specialty retail and optical shops across twenty-six European countries.