Latest news with #Monogram
Yahoo
6 hours ago
- Business
- Yahoo
Zimmer bets on autonomous surgery with Monogram purchase
This story was originally published on MedTech Dive. To receive daily news and insights, subscribe to our free daily MedTech Dive newsletter. Zimmer Biomet hopes to round out its surgical robotics portfolio with its planned $177 million purchase of Monogram Technologies, which was announced Monday. The acquisition could offer more customer choice, analysts wrote, but they also questioned whether surgeons will prefer an autonomous robot. Monogram received Food and Drug Administration clearance in March for a semi-autonomous, AI-navigated robot called mBôs, to be used in total knee replacement surgeries. The company plans to launch mBôs with Zimmer's Persona knee implants in early 2027, according to an investor presentation. Monogram is working on a fully autonomous version of the robot, which would be hands-free and activated using foot pedals, that it plans to launch in late 2027 or early 2028. Zimmer already has a robot that can be used for total knee replacements, called Rosa, but that system currently does not work with CT imaging and uses manual cutting. After closing, Zimmer expects to have 'the most comprehensive suite of customer-centric technology solutions, ranging from simplified navigation, such as OrthoGrid, to non-CT based robotics with Rosa, and fully autonomous robots with mBôs,' according to the investor presentation. Analysts said the deal is designed to give surgeons more options, but also raised questions about the acquisition. Mike Matson, an analyst with Needham, said buying Monogram may 'improve and differentiate' Zimmer's robotics, but questioned the level of surgeon interest in a fully automated robotics system, in a research note published Monday. BTIG analyst Ryan Zimmerman wrote in a research note that the price was high for a robotics system that has not sold any units yet, and asked what the deal means for Rosa, given the updates planned for the coming quarters. 'This is about customer choice, defining the fully autonomous category of robotics, and appealing to surgeons who prefer autonomous cutting over manual cutting (which is ROSA today),' Zimmerman wrote, citing a conversation with the orthopedic firm's management. Shagun Singh, an analyst with RBC Capital Markets, wrote that Zimmer plans to grow its business by gaining more share in the robotic market, increasing how many procedures are done using robotics, driving more revenue per procedure, and expanding the market by creating a new category of fully autonomous robots. More acquisitions likely to come Zimmer also used the announcement to outline future plans for its robotics program. The company's Rosa robots are 'rapidly approaching 2,000 installations worldwide' and are a market leader outside of the U.S., Zimmer said in a press release. Zimmer received FDA clearance last year to use Rosa for robot-assisted shoulder replacements, and plans a full launch of the feature in early 2026. The company is working on a posterior hip feature for Rosa for the second half of 2026, and a CT imaging feature for early 2027, according to the investor presentation. Last year, Zimmer bought OrthoGrid Systems, which makes AI guidance systems for total hip replacement surgeries. It also struck a distribution agreement with Think Surgical, which makes a CT-enabled, handheld robot. 'Management explained that these technologies are not competitive, but allow a more complimentary suite,' Singh wrote. In April, Zimmer bought Paragon 28, an orthopedics company focused on foot and ankle procedures, for $1.1 billion. Analysts see Zimmer as poised to continue its streak of acquisitions. Needham's Matson wrote that 'despite the recent acquisition of Paragon 28 and today's announcement, we still think that [Zimmer] may pursue additional acquisitions in higher-growth orthopedic subcategories like data/AI, enabling technologies, sports medicine, and extremities.' Recommended Reading Zimmer to buy robotics firm Monogram for about $177M Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Tatler Asia
18 hours ago
- Business
- Tatler Asia
Louis Vuitton brings heritage cruise ship 'The Louis' to Shanghai
The Louis – A heritage journey in the heart of Shanghai Set within the central square of the HKRI Taikoo Hui luxury shopping complex on lively Wujiang Road, The Louis makes a bold statement. A visual marvel inspired by the golden age of transatlantic crossings, its design pays homage to the maison's legacy of crafting elegant sea trunks. At the same time, it channels Shanghai's enduring identity as the 'Gateway to the East', a port city long at the crossroads of global exchange. Above The 'Gateway to the East'—a port city long at the crossroads of global exchange (photo: Louis Vuitton) The hull is dressed in the brand's signature metallic Monogram finish, punctuated by a silver anchor sculpted in the LV logo, which elegantly descends from the bow to the ground. Above, tiered roofing mirrors the layering of Louis Vuitton's iconic trunks. At the centre of the deck lies an inviting open-air terrace shaded by generous umbrellas, evoking the breezy calm of a seaside retreat amidst the energy of the city. Above The three-level structure of The Louis offers distinct realms of discovery (photo: Louis Vuitton) Above The experience begins with 'Trunkscape'—a mesmerising dome constructed from Monogram trunks, forming a portal where history and artistry meet (photo: Louis Vuitton) A multi-layered experience Spanning 1,600 square metres, the three-level structure of The Louis offers distinct realms of discovery. The first two floors house the 'Visionary Journeys' exhibition, featuring over 140 artefacts that trace the maison's evolution from the 19th century to today. Drawing inspiration from both the Asnières atelier by the Seine and the romance of sea voyages, the experience begins with 'Trunkscape', a mesmerising dome constructed from Monogram trunks, forming a portal where history and artistry meet. See also: Jonathan Anderson: When creative thinking becomes a sustainable luxury business strategy Above Guests can witness the craftsmanship up close—each Louis Vuitton bag a study in precision, endurance and artistry (photo: Louis Vuitton) Above Guests can witness the craftsmanship up close—each Louis Vuitton bag a study in precision, endurance and artistry (photo: Louis Vuitton) The following rooms unfold through various themes. Antique trunks are given new life through a modern lens (Origins), while other spaces explore personal travel (Voyage), olfactory heritage (Perfume), the maison's relationship with sport (Sport), and its dynamic presence in fashion (Fashion in Motion). A particular highlight is the Workshop & Testing area, which displays the tools of the trade alongside live demonstrations. Here, guests can witness the craftsmanship up close: each Louis Vuitton bag a study in precision, endurance and artistry. Above The top floor is home to Le Café Louis Vuitton, a refined space for culinary exploration (photo: Louis Vuitton) Above The top floor is home to Le Café Louis Vuitton, a refined space for culinary exploration (photo: Louis Vuitton) Above Together, they create a sensorial journey that invites every guest to savour the adventurous spirit and extraordinary legacy of Louis Vuitton (photo: Louis Vuitton) Above Together, they create a sensorial journey that invites every guest to savour the adventurous spirit and extraordinary legacy of Louis Vuitton (photo: Louis Vuitton) Meanwhile, the top floor is home to Le Café Louis Vuitton, a refined space for culinary exploration. The menu, crafted by chefs Leonardo Zambrino and Zoe Zhou, is a nuanced conversation between French and Chinese cuisines. Dishes like Monogram Ravioli, Mandarin Croque and Louis Hao are not mere combinations of ingredients, they are artful fusions of flavour and form, tradition and innovation. Together, they create a sensorial journey that invites every guest to savour the adventurous spirit and extraordinary legacy of Louis Vuitton.
Business Times
2 days ago
- Entertainment
- Business Times
Pretty things you'd want to wear: Fine jewellery picks from Louis Vuitton, Chanel, Cartier and more
[SINGAPORE] Most of us have a favourite piece of jewellery that we instinctively reach for when dressing up. If not, then you can be sure there is something from the latest fine jewellery selections coming out of luxury brands to tempt you. Whether it's Louis Vuitton's iconic Monogram or Chanel's famous quilted pattern, these are pieces that can work day or night, and carry you through the work week to the weekend. Here are some of our favourites: Louis Vuitton The six new pieces in the Idylle Blossom collection include long necklaces and rings. PHOTO: LOUIS VUITTON If you're a fan of the French luxury label, you'll be a fan of its delicate Idylle Blossom collection. Recently, six new creations have been added to the range, which showcases the maison's signature Monogram pattern blending flower motifs with its LV initials. These very pretty pieces include two long necklaces, three bracelets and a ring in pink or white gold with diamonds. While the necklaces and bracelets are refined and fluid, falling ever so delicately on the skin, the rings – crowned with four petals – are subtle yet unmistakably Louis Vuitton. This is jewellery for wearing all day, every day. Chanel Coco earrings in white and beige gold with diamonds. PHOTO: CHANEL The instantly recognisable quilting pattern beloved by the maison's founder, Coco Chanel, is the motif of choice in the Coco Crush collection. Known for its modern aesthetic that marries sharp lines with rounded shapes to convey both strength and femininity, the jewellery line has been joined by several new pieces this year. A NEWSLETTER FOR YOU Friday, 2 pm Lifestyle Our picks of the latest dining, travel and leisure options to treat yourself. Sign Up Sign Up Coco Crush bracelet in beige gold with or without diamonds. PHOTO: CHANEL Of particular note are earrings in completely new designs. One highlight features a pair of quilted hoops in white gold joined to another in beige gold as a single diamond dangles from where they connect. Look out too, for Coco Crush's bracelets in a new, diamond pave style, including one that is completely covered in the precious gem. All that's left to do? Mix and match these beauties as you deem fit. Bvlgari Making their debut this month are new additions to the Diva's Dream collection, including this pendant in yellow gold with black onyx and diamonds. PHOTO: BVLGARI A single earring in rose gold with carnelian and diamonds. PHOTO: BVLGARI The start of July also sees the addition of seven novelties to the Italian jeweller's Divas' Dream collection. Their utterly feminine, fan-shaped silhouettes now come in a new, vibrant yellow gold hue. Our top picks include a pendant necklace and stud earrings set where black onyx and diamonds are perfectly contrasted against the brilliance of yellow gold. But fret not if black is not your thing. There's a pair of pendant earrings with mother-of-pearl and diamonds, while splashes of colour feature in single earrings carrying carnelian, malachite and turquoise with diamonds. Set against the soft tone of rose gold, they're ready to perk you up, night or day. Cartier Panthere de Cartier bracelet in rose gold with onyx, black lacquer and tsavorite garnets. PHOTO: CARTIER What's better than jewellery featuring the French maison's emblematic panther head? One that features two heads, of course. In its latest fine jewellery selection launched this month, Cartier's rings and bracelets wrap smoothly around fingers and wrists to meet as a pair of panther heads facing each other. Graphic and expressive, it's easy to imagine these powerful creatures – portrayed in yellow or white gold with black lacquer or onyx and diamonds – as no less than your personal guardians. Dior Diorigami necklace in pink gold with diamonds, lepidolite, opal, turquoise, agate, chrysoprase, mother-of-pearl and pink lacquer. PHOTO: DIOR A playful yet precious garden. That's how Dior describes its new Diorigami jewellery set and we couldn't agree more. As its name suggests, the necklace and earrings were conceived as a tribute to the Japanese art of paper folding, with ornamental stones in graphic shapes and pastel colours giving them an almost toy-like appearance. Except, of course, these 'playthings' are also sumptuous and display a careful harmony of ornamental gems, diamonds and lacquer. Van Cleef & Arpels Perlee Couleurs bracelet in yellow gold with turquoise and diamonds. PHOTO: VAN CLEEF & ARPELS Perlee Couleurs between-the-finger ring in yellow gold with turquoise and diamonds. PHOTO: VAN CLEEF & ARPELS Perlee is one of the French jeweller's most distinctive designs, and when combined with colourful stones, they make up the wonderfully optimistic world of Perlee Couleurs. In this collection, cabochons of hard stones are encircled by a border of dainty golden beads. The latest material to join the family? Turquoise, which makes for a striking colour on one end of a bracelet and between-the-finger ring, while the other end is topped off with diamonds. Chaumet The new Jeux de Liens pendant in rose gold featuring all the colours of the rainbow. PHOTO: CHAUMET Happy hues are the priority over at the French jewellery-maker, whose focal piece is a new Jeux de Liens ('play of links') pendant in rose gold featuring all the colours of the rainbow. This calls for garnet, spessartite garnet, mandarin garnet, tsavorite garnet, citrine, peridot, sapphire, amethyst, pink sapphire and diamonds to sit together and exude nothing but pure joy. You would too, if you're wearing this lovely little piece. Pomellato The new Mini Nudo collection features Pomellato's signature 57-facet cut but on a more intimate scale. PHOTO: POMELLATO Nudo is the Italian jeweller's most iconic creation and its new Mini Nudo collection reflects the fun and energetic spirit of the design. The stone's signature 57-facet cut is delivered on a more intimate scale, with the pieces especially suited for stacking and combining with other Nudo pieces.
Los Angeles Times
2 days ago
- Business
- Los Angeles Times
Smoked Meat Deal
Monogram Capital Partners, a Los Angeles-based private equity firm with $1.5 billion in assets under management, reacquired Western Smokehouse Partners, a contract manufacturer of premium, better-for-you meat sticks. 'We partnered with the son of the family to build the team and build additional facilities,' said Jared Stein, co-founder of Monogram and chairman at Western. 'We're seven years in, but it feels like a brand-new investment.' Originally, Monogram helped the company scale from a single location to five facilities over a four-and-a-half-year period. It sold a majority of the business to AUA in 2023 but kept a 21% stake. Two years later, it reacquired the entirety of the business outright and expects to have seven facilities in operation by year-end. Western marks Monogram's 39th investment and one of the most successful investments in the firm's history. The company has grown backed by consumer trends which favor high-protein, low-sugar and on-the-go snacks, further amplified by GLP-1-driven health awareness. Over the last five years, sales have increased more than sevenfold, bolstered by the commercialization of breakthrough product innovation, including zero-sugar sticks and mini sticks. Monogram's investments include the healthy soda brand Olipop. It was an investor in which was sold to PetSmart for $3.3 billion. Information for this article was sourced from Monogram Capital Partners.
Business Wire
2 days ago
- Business
- Business Wire
Shareholder Alert: The Ademi Firm Investigates Whether Monogram Technologies Inc. is Obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Monogram (NASDAQ: MGRM) for possible breaches of fiduciary duty and other violations of law in its transaction with Zimmer Biomet. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of Monogram will receive $4.04 per share in cash, representing an equity value of approximately $177 million and an enterprise value of approximately $168 million. The transaction also includes contingent value rights that could provide Monogram shareholders up to an additional $12.37 per share through 2030 if certain product development, regulatory and revenue milestones are achieved. Monogram insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for Monogram by imposing a significant penalty if Monogram accepts a competing bid. We are investigating the conduct of the Monogram board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
