Wednesday, August 6, 2014

New Look Eyewear Acquires Assets of Greiche & Scaff

New Look Eyewear Inc. has entered into a agreement to acquire certain optical assets and business of Optic Direct Inc., carrying on business under the 38-year-old Greiche & Scaff banner in Quebec.  The acquisition will include 49 corporately owned stores in Quebec, including 42 in the greater Montreal region, and an integrated lens processing facility located in Montreal. Revenues for the business for the twelve months ended March 31, 2014, amounted to approximately $30.7 million. That’s a summary of a press release appearing in the Wall Street Journal Online. The purchase price of the assets and business of Greiche & Scaff will be $17.75 million, subject to customary price adjustments. Read more.

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