MONTREAL – New Look VisionGroup Inc. (TSX:BCI) has entered into an agreement to buy the Visions Optical Retail chain in British Columbia
.The Montreal-based provider of eye care products and services said the purchase price, which includes Vision Optical’s 10 locations in key local markets throughout B.C., will be $6.6 million.
Revenues for Vision Optical for the 12 months ended July 31 are estimated to be $5.2 million.
New Look Vision president Antoine Amiel saidthe acquisition of Visions Optical provides it with a solid base for future growth in B.C., and represents another step forward towards the company’s goal of becoming a national player across Canada.
New Look Vision currently has a network of 212stores mainly throughout Eastern Canada.
The Vision Optical deal is expected to close on or about Dec. 1. 2016
Employment for Mr. Antoine Amiel:
Key Executives For Nikon Optical USA Inc.
Mr. Antoine Amiel
President
Nikon Optical USA Inc. engages in the distribution of ophthalmic lenses, materials, coatings including Nikon W and Presio i progressive lenses.The company was incorporated in 2005 and is based in Melville, New York. Nikon Optical USA Inc. operates as a subsidiary of Nikon-Essilor Co.,Ltd.
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Executive Profile
Antoine Amiel
Vice Chairman and President ,
New Look Vision Group Inc.
Mr. Antoine Amiel has been President of New Look Vision Group Inc. since June 1, 2015. Mr. Amiel serves as the President of Nikon Optical USA Inc. Mr. Amiel has been Senior Executive of Strategic Development since May 7, 2012. He served as Vice Chairman - Strategic Development of New Look Vision Group Inc. since May 7, 2012. He has over 20 years of experience in the international optical industry and for the past six years has been Executive Officer of a major international ophthalmic lens manufacturer having operations and business activities in Canada, the United States and the United Kingdom. From 1999 to 2002, he was Chief Financial Officer of Nikon Corporation’s ophthalmic division, where he participated in the creation of the finance department. Mr. Amiel has been the Vice Chairman of New Look Vision Group Inc since May 7, 2012. Mr. Amiel has a Masters (DESS) in Corporate Finance from the Université de Paris IX Dauphine.
Source: ===========>
https://www.bloomberg.com/research/s...ivcapId=876120
and
http://www.bloomberg.com/research/st...capid=49060512
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