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Slide #36. New Look Eyewear Inc. — Vogue Optical
New Look Eyewear Inc. (TSE:BCI.CA)
New Look Eyewear Inc. (TSX:BCI) ("New Look") announced today that it has completed its acquisition of the assets and business of Vogue Optical Inc. of Charlottetown, Prince Edward Island. As previously announced, the purchase price was $74 million, subject to normal adjustments. The combined entity will have revenues exceeding $128 million and a store network in excess of 140 locations, making it the third largest Canadian integrated retail optical company and the eight largest in North America. It will be the most important player in Qubec and the Atlantic provinces.
New Look Vision Group is a provider of eye care products and services in Eastern Canada. Co. is engaged in the retail optical industry focusing on selling, merchandising and distribution of optical products. There are three principal categories of optical products: (i) prescription eyewear (including eyeglasses and sunglasses); (ii) contact lenses; and (iii) non-prescription eyewear (including reading and protection eyeglasses and sunglasses). The two main components of eyewear are frames and lenses. As of Dec 31 2010, Co.'s network consisted of 63 eye care stores.
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