Acquisitions Spur Record Growth at New Look
Monday, March 20 2017 | 00 h 00 min | Financial News, News
New Look Vision Group reported sales of $198 million (+22.1%) from the network of 220 stores across Canada in 2016 year-end financial reports (Ending December 31st). Same store sales were up 4.1% for the year.
Antoine Amiel, President of New Look Vision, said, “New Look Vision Group has reached a run rate of $200 million of revenues from a network of 220 stores which we believe makes us the largest optical retailer in Canada”.
The group has been active in both English and French Canada, creating a national footprint. In 2015 New Look acquired fifteen Ontario-based I Vision stores and has since completed the brand conversion to VOGUE Optical. In late 2016 New Look completed the acquisition of ten BC-based Visions One Hour Stores.
Three unnamed retail stores in Toronto were acquired subsequent to year-end. According to Amiel, “acquisition activity will continue through 2017 and beyond.”
For full 2016 financial reports click here.
Previous Reports on New Look Vision Group acquisitions:
Visions One Hour acquisition – Dec 2016.
Montreal area acquisition of ZYEU – April 2016.
