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Thread: New Look Vision reported record revenues ...................................

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    Redhot Jumper New Look Vision reported record revenues ...................................

    NEW LOOK VISION GROUP INC. ANNOUNCES RECORD THIRD QUARTER REVENUES FOR 2017 AND ITS QUARTERLY DIVIDEND

    Montreal, Quebec, Novembre 13, 2017

    New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announcedtoday its financial results for the third quarter ended September 30, 2017 andits quarterly dividend.

    Third quarter results

    New Look Vision reported record revenues of $55.2 million andadjusted EBITDA(1) of $10.8 million for the third quarter ended September 30,2017, representing increases of 12.8% and 35.6% respectively over last year. The revenue increase was mainly due to thenet addition of 19 stores in the last twelve months as well as same store salesgrowth of 0.9% over last year. This revenue growth as well as significantimprovement in operating expense ratios resulted in the strong adjusted EBITDAperformance..............……………………………………………

    President's comments,

    Antoine Amiel, the President of New Look Vision, stated that: "I am pleased to report that Q3 was a strong quarter of revenue and earnings growth, resulting from a continued comparable store and new store sales growth, a strong focus on improving operating expense ratios and from generating synergies from recent acquisitions. Subsequent to quarter's end, we announced the completion of the acquisition of Iris The Visual Group, strengthening our leadership position across Canada with a network of 378 stores."


    See all of it:
    http://www.newlookvision.ca/en/press.aspx#openModal12

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    Quote Originally Posted by Chris Ryser View Post
    NEW LOOK VISION GROUP INC. ANNOUNCES RECORD THIRD QUARTER REVENUES FOR 2017 AND ITS QUARTERLY DIVIDEND

    Montreal, Quebec, Novembre 13, 2017

    New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announcedtoday its financial results for the third quarter ended September 30, 2017 andits quarterly dividend.

    Third quarter results

    New Look Vision reported record revenues of $55.2 million andadjusted EBITDA(1) of $10.8 million for the third quarter ended September 30,2017, representing increases of 12.8% and 35.6% respectively over last year. The revenue increase was mainly due to thenet addition of 19 stores in the last twelve months as well as same store salesgrowth of 0.9% over last year. This revenue growth as well as significantimprovement in operating expense ratios resulted in the strong adjusted EBITDAperformance..............……………………………………………

    President's comments,

    Antoine Amiel, the President of New Look Vision, stated that: "I am pleased to report that Q3 was a strong quarter of revenue and earnings growth, resulting from a continued comparable store and new store sales growth, a strong focus on improving operating expense ratios and from generating synergies from recent acquisitions. Subsequent to quarter's end, we announced the completion of the acquisition of Iris The Visual Group, strengthening our leadership position across Canada with a network of 378 stores."


    See all of it:
    http://www.newlookvision.ca/en/press.aspx#openModal12
    I would assume they are in the cross hairs for a near future Luxillor acquisition.

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    Quote Originally Posted by Lab Insight View Post

    I would assume they are in the cross hairs for a near future Luxillor acquisition.


    Lab Insight ........................where have you been the last 12 month, I had already posted the news of their presidents origin and then you can make up your own mind...............................



    here it is again.........................




    Antoine Amiel
    President New Look Vision Group Inc.

    Antoine Amiel Joined New Look Vision Group Inc. as Vice-Chairman of the Board of Directors in May 2012 at which time he was also appointed to the Board of Directors. He was appointed President in May 2015. He is an experienced international executive from the optical lens industry. Between 2009 and 2012, Mr. Amiel held executive positions within Nikon-Essilor Co. Ltd. ("Nikon-Essilor"), a Tokyo-based joint venture between Nikon Corporation and Essilor International Which manufactures and distributes Nikon ophthalmic lenses worldwide. From 2005to 2012, he was Executive Officer, Vice-President International Subsidiaries And CEO of Nikon Optical USA, Canada And United Kingdom.From 2002 to 2005, Mr. Amiel was Managing Director (CEO) of Nikon Optical UK Ltd. From 1999 to 2002, he was Nikon Essilor's Chief Financial Officer. Prior To his time with the joint venture he held several finance and marketing positions in Asia-Pacific and North America. Mr. Amiel has a master in Corporate Finance from the Université de Paris IX Dauphine.Mr. Amiel is a member of the Board of directors and the Executive Committee of New Look Vision Group.

    Mr. Amiel is a member of the Board of directors and the Executive Committee of New Look Vision Group.

    source:
    http://www.newlookvision.ca/en/board.aspx#openModal2

    Last edited by Chris Ryser; 12-14-2017 at 07:27 AM.

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    Quote Originally Posted by Chris Ryser View Post
    Lab Insight ........................where have you been the last 12 month, I had already posted the news of their presidents origin and then you can make up your own mind...............................



    here it is again.........................




    Antoine Amiel
    President New Look Vision Group Inc.

    Antoine Amiel Joined New Look Vision Group Inc. as Vice-Chairman of the Board of Directors in May 2012 at which time he was also appointed to the Board of Directors. He was appointed President in May 2015. He is an experienced international executive from the optical lens industry. Between 2009 and 2012, Mr. Amiel held executive positions within Nikon-Essilor Co. Ltd. ("Nikon-Essilor"), a Tokyo-based joint venture between Nikon Corporation and Essilor International Which manufactures and distributes Nikon ophthalmic lenses worldwide. From 2005to 2012, he was Executive Officer, Vice-President International Subsidiaries And CEO of Nikon Optical USA, Canada And United Kingdom.From 2002 to 2005, Mr. Amiel was Managing Director (CEO) of Nikon Optical UK Ltd. From 1999 to 2002, he was Nikon Essilor's Chief Financial Officer. Prior To his time with the joint venture he held several finance and marketing positions in Asia-Pacific and North America. Mr. Amiel has a master in Corporate Finance from the Université de Paris IX Dauphine.Mr. Amiel is a member of the Board of directors and the Executive Committee of New Look Vision Group.

    Mr. Amiel is a member of the Board of directors and the Executive Committee of New Look Vision Group.

    source:
    http://www.newlookvision.ca/en/board.aspx#openModal2

    Nikon is 51% owned by Essilor, slice of pie for everyone!

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    Blue Jumper 51% is a clear majority and can overvote any other co owner..........................

    Quote Originally Posted by Lab Insight View Post

    Nikon is 51% owned by Essilor, slice of pie for everyone!


    51% is a clear majority and can overvote any other co owner.

    New Look Vision Group Inc. (formerly New Look Eyewear Inc.) is a Montreal-based, Canadian public company with its shares listed on the Toronto Stock Exchange (“BCI”).

    It is a leading provider of eye care products and services in Eastern Canada. The company has three main retail optical banners: New Look Eyewear (www.newlook.ca), Vogue Optical (www.vogue optical.com) and Greiche & Scaff (www.greiche-scaff.com). The Group's network consists of 212 corporately-owned eye care stores. Stores are located in Québec (122), Ontario (23), Nova Scotia (22), New Brunswick (22), Newfoundland and Labrador (14), Prince Edward Island (6), Saskatchewan (2), and British Columbia (1). The Company operates a lens processing laboratory and a distribution centre in Ville St-Laurent, Québec, and a lens processing laboratory in Charlottetown, Prince Edward Island.

    The Company’s current priorities and development plans include the following objectives:


    • To continue to explore generic growth and acquisitions opportunities in Québec, Ontario, the Atlantic Provinces and across Canada in order to take advantage of consolidation of the Canadian retail optical industry;
    • To continue to leverage the three primary trade names: New Look, Greiche & Scaff and Vogue Optical, which have long and solid reputation in their respective markets;
    • To share current practices between the three banners by benchmarking activities and identifying areas from which the group could maximize results and cash flows;
    • To improve liquidity and the balance sheet through a planned program of annual repayment of acquisition debt used to acquire Vogue Optical and Geiche & Scaff;
    • To increase our market position by an expansion and continual modernization of our state-of-the-art laboratories, aggressive marketing, availability of optometrists and well-trained personnel;
    • To continue to improve the efficiency of our operations by significant investments in a new point-of-sales system; and
    • To continue to improve our web-related platform for eye exam appointments, contact lens sales orders and greater information to the public through our internet window display and newsletter on eyewear fashion trends.


    http://www.newlookvision.ca/en/about.aspx
    Last edited by Chris Ryser; 12-15-2017 at 12:44 PM.

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    Redhot Jumper Want more information, check the web, it is all there ...............................

    Want more information, check the web, it is all there ...................................


    see the whole paper at:
    http://www.newlookvision.ca/data/sha...ch-29-2017.pdf

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    Wonderful to see Canadian success stories.

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    Blue Jumper These days it is now *New Look Optical* .......................................

    Quote Originally Posted by tmorse View Post

    Wonderful to see Canadian success stories.


    In the old days, when an optician wanted to retire in Canada and did not have any children in the same profession he would sell to Imperial Optical, the first ever big platform for optical takeovers 30 to 40 years ago.

    These days it is now *New Look Optical* a public company with a majority of shares probably owned by Essilor and a top management that come out of the Essilor kitchen.

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    Quote Originally Posted by Chris Ryser View Post
    In the old days, when an optician wanted to retire in Canada and did not have any children in the same profession he would sell to Imperial Optical, the first ever big platform for optical takeovers 30 to 40 years ago.

    These days it is now *New Look Optical* a public company with a majority of shares probably owned by Essilor and a top management that come out of the Essilor kitchen.

    If you look here ... http://quote.morningstar.ca/Quicktak...&culture=en-CA the majors stoke holder seems to be mutual fund and bank asset management fund.

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    Yesterday the price of one share was $ 37.00.................not bad

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