fbpx

New Look acquires Greiche & Scaff

In a major transaction for the Canadian optical industry, New Look Eyewear has acquired Greiche & Scaff for $17.75 M.

 

The assets and business to be acquired by New Look include 49 corporately owned stores in Quebec, including 42 in the greater Montreal region, as well as an integrated lens processing facility located in Montreal. Founded in 1976, Greiche & Scaff posted revenues of approximately $30.7 million for the fiscal year ending March 31, 2014.

 

New Look entered into various financing arrangements to finance the acquisition, including a $10 million increase of its senior secured debt facility with its bank syndicate and a private placement agreement for the issuance of 500,000 subscription receipts at a price of $20 per receipt with a syndicate of Canadian investment firms led by GMP Securities L.P. Each receipt will allow its owner to acquire a share of New Look on the acquisition closing date, which is expected to be on or around October 1, 2014.   

 

“We will continue to operate the Greiche & Scaff business as a separate banner and store network within the New Look/Vogue Optical umbrella”, stated Martial Gagné, President of New Look. “We very much look forward to working with the Greiche & Scaff employees, associated optometrists and opticians and welcoming them to our group.”  

 

Source : http://www.newlook.ca/data/pdf/press/2014/fr/BCI-communique-presse-5-aout-2014.pdf

Featured Posts

Marcolin Eyewear

GUESS? and WHP Global Announce rag & bone Licensee Partnership with Marcolin, to Develop Eyewear Business

GUESS, WHP Global, and Marcolin partner to launch premium rag & bone eyewear—blending NYC-inspired design with modern craftsmanship and bold styling.

Learn More
Warby Parker logo

Warby Parker Partners with Google To Develop Intelligent Eyewear

AI-Powered Glasses Will Be Designed for All-Day Wear. Announcement Marks First Eyewear Partnership for Android XR

Read more
CNIB Logo EN 2025

RBC Foundation Helps Empower Young People Through CNIB’s Come to Work Program

With support from RBC Foundation, CNIB is delivering vital resources to 364 young people who are blind, Deafblind, or have low vision across Canada through the Come to Work employment program.

Read more
Dolce Gabbana SS25 image

Dolce&Gabbana Unveils New Eyewear SS25 Adv Campaign

Discover Dolce&Gabbana’s SS25 eyewear campaign featuring bold DG designs, rich acetate frames, and the iconic DG Crossed logo.

Read more
East Optical Independent lenses logos 2025

East Optical Announces Western Canada Lab Partnership with Independent Lenses

Supporting MyoPro® Myopia Management Lenses in Western Canada

Read more
Marcolin Eyewear

GUESS? and WHP Global Announce rag & bone Licensee Partnership with Marcolin, to Develop Eyewear Business

GUESS, WHP Global, and Marcolin partner to launch premium rag & bone eyewear—blending NYC-inspired design with modern craftsmanship and bold styling.

Learn More
Warby Parker logo

Warby Parker Partners with Google To Develop Intelligent Eyewear

AI-Powered Glasses Will Be Designed for All-Day Wear. Announcement Marks First Eyewear Partnership for Android XR

Read More
CNIB Logo EN 2025

RBC Foundation Helps Empower Young People Through CNIB’s Come to Work Program

With support from RBC Foundation, CNIB is delivering vital resources to 364 young people who are blind, Deafblind, or have low vision across Canada through the Come to Work employment program.

Read More
Dolce Gabbana SS25 image

Dolce&Gabbana Unveils New Eyewear SS25 Adv Campaign

Discover Dolce&Gabbana’s SS25 eyewear campaign featuring bold DG designs, rich acetate frames, and the iconic DG Crossed logo.

Read More
East Optical Independent lenses logos 2025

East Optical Announces Western Canada Lab Partnership with Independent Lenses

Supporting MyoPro® Myopia Management Lenses in Western Canada

Read More
Marcolin Eyewear

GUESS? and WHP Global Announce rag & bone Licensee Partnership with Marcolin, to Develop Eyewear Business

GUESS, WHP Global, and Marcolin partner to launch premium rag & bone eyewear—blending NYC-inspired design with modern craftsmanship and bold styling.

Learn More
Warby Parker logo

Warby Parker Partners with Google To Develop Intelligent Eyewear

AI-Powered Glasses Will Be Designed for All-Day Wear. Announcement Marks First Eyewear Partnership for Android XR

Read more
CNIB Logo EN 2025

RBC Foundation Helps Empower Young People Through CNIB’s Come to Work Program

With support from RBC Foundation, CNIB is delivering vital resources to 364 young people who are blind, Deafblind, or have low vision across Canada through the Come to Work employment program.

Read more
Dolce Gabbana SS25 image

Dolce&Gabbana Unveils New Eyewear SS25 Adv Campaign

Discover Dolce&Gabbana’s SS25 eyewear campaign featuring bold DG designs, rich acetate frames, and the iconic DG Crossed logo.

Read more
East Optical Independent lenses logos 2025

East Optical Announces Western Canada Lab Partnership with Independent Lenses

Supporting MyoPro® Myopia Management Lenses in Western Canada

Read more
Marcolin Eyewear

GUESS? and WHP Global Announce rag & bone Licensee Partnership with Marcolin, to Develop Eyewear Business

GUESS, WHP Global, and Marcolin partner to launch premium rag & bone eyewear—blending NYC-inspired design with modern craftsmanship and bold styling.

Learn More
Warby Parker logo

Warby Parker Partners with Google To Develop Intelligent Eyewear

AI-Powered Glasses Will Be Designed for All-Day Wear. Announcement Marks First Eyewear Partnership for Android XR

Read more
CNIB Logo EN 2025

RBC Foundation Helps Empower Young People Through CNIB’s Come to Work Program

With support from RBC Foundation, CNIB is delivering vital resources to 364 young people who are blind, Deafblind, or have low vision across Canada through the Come to Work employment program.

Read more
Dolce Gabbana SS25 image

Dolce&Gabbana Unveils New Eyewear SS25 Adv Campaign

Discover Dolce&Gabbana’s SS25 eyewear campaign featuring bold DG designs, rich acetate frames, and the iconic DG Crossed logo.

Read more
East Optical Independent lenses logos 2025

East Optical Announces Western Canada Lab Partnership with Independent Lenses

Supporting MyoPro® Myopia Management Lenses in Western Canada

Read more