SOUTHFIELD, Mich., July 25, 2017 /PRNewswire/ -- Lear
Corporation [NYSE: LEA], a leading global supplier of automotive
seating and electrical systems, today announced that Spectacles, an
independent retail boutique, located in the Harmonie Park district
of Detroit will be completely
renovated and remain at its present location on 230 East Grand
River Avenue.
For the past 34 years, Zana
Smith's Spectacles has been located in the heart of
Downtown Detroit. Spectacles
carries both men's and womenswear, books, CDs, albums, hats and of
course a variety of glasses. Spectacles has acted as a cultural hub
in the city of Detroit giving many
performers and designers a platform to launch their brands.
In 2015, Lear Corporation purchased the historic building
located at 230 East Grand River Avenue in Detroit. Initially
there was much concern about whether or not Spectacles would
weather the transition of ownership. Loyalists of Spectacles voiced
their concern about how important it is that black-owned and
operated businesses are kept downtown. As the loyalists were
speaking, Lear Corporation was listening.
Lear has been extremely committed to Smith and her store
Spectacles, assuring her that Spectacles still had a home at 230
East Grand River. Lear is currently in the process of completely
updating and renovating the building. Lear intends to utilize
floors 4 to 7 for administrative office space, executive offices
and a new business incubation center. The remaining floors will be
leased to business partners and professional service providers.
"We were happy to work together with Zana to update her store,
and work out a financial arrangement whereby Spectacles could
remain in the Harmonie Park location," commented Matt Simoncini, Lear president and
CEO. "During the renovation of the building, we have provided
the space to Spectacles on a rent-free basis. We are very
interested in supporting an independent business and keeping it in
the City of Detroit," Matt
added.
"Lear Corporation has been more than accommodating during the
process of renovation," said Smith. "They have worked with me
closely to make sure that my doors did not have to close during
this time. For that I will always be grateful."
Smith is excited for the renovations to the interior of her
store that Lear will be funding. She believes this will be the
breath of fresh air that Spectacles needs to move forward toward
continued success.
"It comes as no surprise that Lear Corporation has shown such
commitment to me and my business, based on its outstanding track
record as an engaged corporate citizen doing community work and
heading so many charitable initiatives," added Smith. "I look
forward to a fruitful relationship with Lear as the completion of
the 230 East Grand River Avenue approaches."
About Lear
Lear Corporation (NYSE: LEA) was founded in
Detroit in 1917 as American Metal
Products. In 2017, the Company will celebrate its 100th year
anniversary. Lear is one of the world's leading suppliers of
automotive seating systems and electrical distribution systems
(E-Systems). Lear serves every major automaker in the world,
and Lear content can be found on more than 400 vehicle
nameplates. Lear's world-class products are designed,
engineered and manufactured by a diverse team of approximately
156,000 employees located in 38 countries. Lear currently
ranks #151 on the Fortune 500. Lear's headquarters are in
Southfield, Michigan.
Further information about Lear is available at http://www.lear.com
or follow us on Twitter @LearCorporation.
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SOURCE Lear Corporation