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.
Showing posts with label New Look Eyewear. Show all posts
Showing posts with label New Look Eyewear. Show all posts
Wednesday, August 6, 2014
Thursday, March 13, 2014
New Look Posts $25.6 Million in Fourth Quarter
Fourth quarter revenue for 140-store Canadian retailer New Look Eyewear Inc. reached $25.6 million, a 22.5% increase over the same quarter in 2013. The increase comes with the opening of six new stores over the past two years and the acquisition of Vogue Optical Inc. Read more.
Wednesday, July 17, 2013
New Look Eyewear Expanding Lab Capacity
“New Look Eyewear Inc. (TSX:BCI) is expanding its lens laboratory, warehouse and distribution centre in Montreal over the next two quarters,” according to Yahoo! Finance. “The eye-care company said it bought the commercial building housing its operations, which will allow it to double its available capacity. The plans also allow for the possibility of more capacity expansion in the future.” Read more.
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