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FYidoctors Adds Second Location in St. Albert

FYidoctors announced it will be bannering its second location in St. Albert, Alberta through the acquisition of St. Albert Optometrists’ Clinic.

As part of the acquisition, Dr. Aaron Patel, Dr. Rajan Mistry, Dr. Amy Bakelaar and their staff have been welcomed in as part of the FYidoctors team.

“FYidoctors is setting the standards for how eye care in Canada should be,” said Dr. Aaron Patel. “Having access to their existing technology will help us stay up-to-date on the latest methods and best practises when it comes to optometric care of our patients. We hold ourselves to a high standard, so we look forward to raising the bar for eye care even higher alongside FYidoctors.”

Dr. Patel has over 15 years of experience practicing primary eye care optometry – 12 of which were practiced in Edmonton. He is an engaged member of the optometry industry, previously serving as President of the Alberta Association of Optometrists and currently serving as a councilman of the Canadian Association of Optometrists. He prioritizes humanitarian efforts and personally travels to underdeveloped countries like Honduras, Peru and Belize to assist the less fortunate with eye care.

With almost 20 years experience as a practicing optometrist in the St. Albert community, Dr. Amy Bakelaar has cultivated extensive knowledge in the industry working for St. Albert Optometrists’ Clinic and at a local cornea and cataracts surgeons’ office. Similar to her colleagues, she donates her time volunteering for organizations like Third World Eye Care Society, Amigos Eye Care, Remote Area Medical Volutneers and I Care International.

Dr. Mistry completed both his undergraduate degree and optometry degree at the prestigious University of Waterloo. During his studies, he practiced in various settings such as hospitals in Oklahoma, clinics in Australia and has provided care of those in underdeveloped countries like Nicaragua and Peru.

“Coninuing to grow our banner in a region is a big deal for us as it creates more brand recognition and ability to market more effectivey,” said Dr. Alan Ulsifer, CEO of FYidoctors. “We’re excited to welcome Dr. Patel, Dr. Mistry, Dr. Bakelaar and their staff to FYidoctors and look forward to working alongside them to serve the community’s eye care needs.”

This acquisition marks the second in Alberta within the last week.

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Transitions Engages Consumers with Outdoor Boardroom, New Virtual Try-on Tool and Advertising Campaign

Transitions Optical has engaged consumers in a variety of ways this summer with the debut of a free outdoor boardroom for public use, a new consumer Facebook virtual try-on tool and the launch of this year’s consumer campaign.

In June, professionals in Toronto could book hour-long outdoor meetings in Transitions’ free Sun Session Boardroom to escape the fluorescent bulbs of indoors and experience Transitions® Light Intelligent Lenses™. Located outside the lively Royal Bank Plaza, the boardroom was nearly full during its operation and allowed both boardroom visitors and passerby to have meaningful interactions with the Transitions® brand, learn about Transitions® lenses and test the product out first-hand.


Sun Session Boardroom

Beyond the in-person experience, Transitions has also given consumers another way to try out Transitions Light Intelligent Lenses through a newly launched Facebook virtual try-on tool. With this tool, people can see how they look indoors and outdoors in the many colour options of Transitions® Signature® and Transitions® XTRActive® lenses, including Transitions Signature style colors and Transitions XTRActive style mirrors.

Additionally, Transitions launched a new consumer campaign in April which will generate over 200 million impressions nationwide through both television and digital.  The campaign’s digital plan combines display banners, videos, paid search and social media reaching out to younger wearers. Eye care professionals interested in receiving POP materials to share in their practice/stores can contact Transitions customer service at customerservicecanada@transitions.com or 1-877-254-2590.

Source : Transitions Optical

EssilorLuxottica Enters Talks with Mega European Optical Retailer GrandVision

Both EssilorLuxottica and European optical retail giant GrandVision NV of the Netherlands have confirmed ongoing discussion on the possible sale of HAL Holding NV’s majority stake in Grand Vision.

Who is GrandVision?
GrandVision is a Netherlands-based global optical retailing giant with over 7,000 stores in more than 40 different countries across Europe, North & Latin America and Asia and a significant online optical business.  

For Eyes, owned by GrandVision NV.

GrandVision’s origins date back 128 years to an optical business in Finland. The group gained momentum when the international investment company HAL Holding entered the optical market in 1996 by first acquiring the Dutch and Belgian operations of Pearle Vision. The further growth was fueled by numerous further acquisitions including, eventually, the French based GrandVision SA in 2005. 

In 2011 the two multi-national groups Pearle Europe and GrandVision merged into a single entity under the GrandVision name.  Well-known local banners include Apollo-Optik in Germany, Générale d’Optique and GrandOptical in France, Pearle in the Netherlands, Belgium and Austria, and Vision Express in the multiple European countries, middle east and Europe. 

In North America, For Eyes, a Pensylvannia-based optical retailer with now over 100 stores in USA, was acquired by GrandVision in 2005. There are no GrandVision banners operating in the Canadian optical market.

HAL Holding currently has a 76.72% stake in GrandVision

What’s the Deal?
According to GrandVision and EssilorLuxottica, HAL approached GrandVision for the possible sale of HAL’s stake in the retailer at a purchase price of 28 Euros per share. For the past year the stock has been trading between 18.35 and 22.96 Euros and closing at 21.04 Euros on July 16th. 

At the discussion price, the transaction would be in excess of $5 Billion Euros, (approx. 7.8 Billion $CAD).   

Both companies indicate the discussions, including price, will be subject to continued evaluation and discussion during the coming weeks and further review by the parties’ boards of directors.

Press Release from GrandVision  

EssilorLuxottica press Release

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