New Look Vision Announces the Completion of New Financing Arrangements

New Look Vision Group announced the finalization of new financing arrangements for $40 million.

With an initial investment in 2013, Fonds de solidarité FTQ (the “Fonds”) reaffirms its confidence in the Company by investing an additional $40 million. The credit facility granted to New Look Vision is part of the Fonds’ plan to support Quebec businesses during the COVID-19 pandemic.

Antoine Amiel, President and CEO of New Look Vision, stated: “Our rapid response to the crisis was centered primarily on the safety and well-being of our employees, associates and clients. This additional investment is part of the financial arrangements we made early in the crisis to ensure our financial autonomy and our ability to resume external growth as early as possible.”

“New Look is well positioned for economic recovery despite the many challenges caused by these exceptional circumstances. The credit facility granted by the Fund provides the Company with the necessary leeway to ensure its growth,” continued Daniel Hinse, Vice-President, Investments, Entertainment and Consumer Products of the Fonds.

New Look Vision showed its solidarity towards healthcare professionals during the coronavirus crisis by launching the “Guardian Angels” program, providing hospital personnel the opportunity to replace broken eyewear quickly. Several thousand pairs, mainly in the greater Montreal area, were distributed including safety glasses.

The gradual store reopening started on May 4 in line with local and professional regulations. Ahead of reopening stores, the Company issued stringent health and safety procedures, undertook extensive training in the form of in-store rehearsals and is providing each location with prescribed PPE.

Click HERE for the full press release.

Featured Posts

Brunello Cucinelli and EssilorLuxottica, Together for the Next Ten Years

The Solomeo Casa di Moda and EssilorLuxottica signed an exclusive license agreement that will strengthen their partnership

Learn More
Alcon

Alcon Completes Acquisition of Aerie Pharmaceuticals

Alcon announced that it has completed its acquisition of Aerie Pharmaceuticals (Aerie).

Read more

B + L Reports More Than 58 Million Units of CL Materials Collected Through Recycling Programs

Bausch + Lomb announced its unique ONE by ONE and Biotrue Eye Care Recycling programs have collected a total of 58,677,480 million units, or 356,723 pounds, of used contact lens, eye care and lens care materials, which is equivalent to the weight of 108 midsize vehicles.

Read more

iA Financial Group Philanthropic Contest: CNIB in the Running to Win a Donation of $100,000

The Canada-wide philanthropic contest awards a donation of $100,000 to the four charities that receive the most votes. The remaining eight charities will each receive $10,000. 

Read more

Woodys: Far from Mainstream

Woodys! Born to break with the mainstream and depict a world full of unique stories and characters.

Read more

Brunello Cucinelli and EssilorLuxottica, Together for the Next Ten Years

The Solomeo Casa di Moda and EssilorLuxottica signed an exclusive license agreement that will strengthen their partnership

Learn More
Alcon

Alcon Completes Acquisition of Aerie Pharmaceuticals

Alcon announced that it has completed its acquisition of Aerie Pharmaceuticals (Aerie).

Read More

B + L Reports More Than 58 Million Units of CL Materials Collected Through Recycling Programs

Bausch + Lomb announced its unique ONE by ONE and Biotrue Eye Care Recycling programs have collected a total of 58,677,480 million units, or 356,723 pounds, of used contact lens, eye care and lens care materials, which is equivalent to the weight of 108 midsize vehicles.

Read More

iA Financial Group Philanthropic Contest: CNIB in the Running to Win a Donation of $100,000

The Canada-wide philanthropic contest awards a donation of $100,000 to the four charities that receive the most votes. The remaining eight charities will each receive $10,000. 

Read More

Woodys: Far from Mainstream

Woodys! Born to break with the mainstream and depict a world full of unique stories and characters.

Read More

Brunello Cucinelli and EssilorLuxottica, Together for the Next Ten Years

The Solomeo Casa di Moda and EssilorLuxottica signed an exclusive license agreement that will strengthen their partnership

Learn More
Alcon

Alcon Completes Acquisition of Aerie Pharmaceuticals

Alcon announced that it has completed its acquisition of Aerie Pharmaceuticals (Aerie).

Read more

B + L Reports More Than 58 Million Units of CL Materials Collected Through Recycling Programs

Bausch + Lomb announced its unique ONE by ONE and Biotrue Eye Care Recycling programs have collected a total of 58,677,480 million units, or 356,723 pounds, of used contact lens, eye care and lens care materials, which is equivalent to the weight of 108 midsize vehicles.

Read more

iA Financial Group Philanthropic Contest: CNIB in the Running to Win a Donation of $100,000

The Canada-wide philanthropic contest awards a donation of $100,000 to the four charities that receive the most votes. The remaining eight charities will each receive $10,000. 

Read more

Woodys: Far from Mainstream

Woodys! Born to break with the mainstream and depict a world full of unique stories and characters.

Read more

Brunello Cucinelli and EssilorLuxottica, Together for the Next Ten Years

The Solomeo Casa di Moda and EssilorLuxottica signed an exclusive license agreement that will strengthen their partnership

Learn More
Alcon

Alcon Completes Acquisition of Aerie Pharmaceuticals

Alcon announced that it has completed its acquisition of Aerie Pharmaceuticals (Aerie).

Read more

B + L Reports More Than 58 Million Units of CL Materials Collected Through Recycling Programs

Bausch + Lomb announced its unique ONE by ONE and Biotrue Eye Care Recycling programs have collected a total of 58,677,480 million units, or 356,723 pounds, of used contact lens, eye care and lens care materials, which is equivalent to the weight of 108 midsize vehicles.

Read more

iA Financial Group Philanthropic Contest: CNIB in the Running to Win a Donation of $100,000

The Canada-wide philanthropic contest awards a donation of $100,000 to the four charities that receive the most votes. The remaining eight charities will each receive $10,000. 

Read more

Woodys: Far from Mainstream

Woodys! Born to break with the mainstream and depict a world full of unique stories and characters.

Read more