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Acquisitions Spur Record Growth at New Look

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.

I Vision Group  – Dec 2015.

 

 

 

Safilo Unveils the SAFILO Eyewear Collection Launching Autumn 2017

Redesigned with a new concept and positioning, the new SAFILO collection renews its long standing heritage of technical and aesthetic content, with a new optical frames full range celebrating the superior design, functional innovation and “Made-in-Italy” know-how.

Celebrating the Italian DNA of the brand, the new SAFILO eyewear collection showcases premium technical and design features, reflecting the excellence in craftsmanship and the continuous research on innovation Safilo Group is recognized for since 1878.

The new Safilo optical collection presents 16 styles for men, all to be released in Autumn 2017.

Named after the traditional tools and techniques involved in the production of the frames, as endorsement of the authentic Made in Italy quality, the new optical frames are a celebration of Italian manufacturing starting from their names, such as Calibro, Canalino, Buratto, Bussola, Lastra and more.

The colour palette includes a range of classic colours such as the vintage Havana celebrating the brand’s Italian taste, or the subtle tones of black, brown, grey.

For full press release, click HERE.

Safilo Group 2016 Financial Results

The Board of Directors of Safilo Group S.p.A. approved the financial statement for the year ended 31 December 2016. Safilo’s one year total net sales reached €1252.9 million, slightly down (-1.2% at constant exchange rates) from 2015, mainly as a result of the decline of Gucci as a Safilo brand.

Other Key Highlights

  • Sales performance of Going Forward Brands, +3.6% at constant exchange rates (+5.2% excl. Retail)
  • Adjusted earnings before interest, tax, depreciation and amortization at €88.8 million, down 13.3% vs 2015, at 7.1% of net sales
  • Adjusted net profit at €15.4 million, more than double 2015. Due to non-recurring items, Safilo Group reported a net loss of €142.1 million
  • Group Net Debt at €48.4 million, compared to €89.9 million at the end of 2015, with the adjusted financial leverage at 0.5x

Luisa Delgado, Safilo CEO, commented, “We continued to build our License Brand portfolio, launching Givenchy, the collaboration with Swatch, and the ‘havaianas’ brand first in Brazil. We renewed early Jimmy Choo, Max Mara and Dior, while Celine will exit end 2017. We signed new licenses in the fashion luxury segment with Moschino, and Love Moschino, and in the upper contemporary segment with the American brand ‘Rag & Bone’.”

Click HERE for the full press release.

Organic Retinal Prosthesis Restores Vision in Rats

Scientists at the Italian Institute of Technology have developed a prosthesis that can be implanted into the eye to serve as a substitute for the damaged retina.

In degenerative diseases such as retinitis pigmentosa, the photoreceptive cells in the retina die off but the retinal nerve cells are left intact. An implant of organic photoreceptors, such as the one developed by Fabio Benfenati et al. and reported in the March 2017 issue of Nature Materials, can interface with the undamaged retinal nerves and function as a replacement retina to restore an amount of vision.

A layer of semiconductive polymer on a silk-like substrate acts as a photovoltaic device, converting incoming photons into an electrical signal to stimulate the rat’s retinal neurons. The Royal College of Surgeon (RCS) rat, a rat bred to inherit retinal degeneration and widely used for research into hereditary retinal dystrophies, was used as the model to test the implants.

30 days after surgery to implant the artificial retinas, the pupillary reflexes responded to a light source of 4-5 lux (equivalent to a twilight sky) similarly to healthy rats, though a light source of 1 lux (slightly brighter than full moon) did not generate a response.

The rats were retested at six months and then again at ten months after surgery and the implants were still effective, with a measurable increase in the activity of the rats’ primary visual cortex when exposed to light sources.

The researchers are hopeful that these results will successfully translate to humans, and the first human trials are scheduled to begin in the second half of 2017.

Full paper available at: http://www.nature.com/nmat/journal/vaop/ncurrent/full/nmat4874.html

Dream a Little Dream, Wear Your Dream

Nine West proudly presents THE DREAMWEAVER COLLECTION.  NW5112, a perfectly handcrafted frame with elegant nature inspired details making it a strong and timeless statement piece.  The stunning crystal hue adds gorgeous illumination to every woman’s face and eyes.  This stunner of a frame is finished with a stylish weave pattern along its temples and is currently available in a chic ophthalmic and dazzling sunglass.

Nine West is distributed by Marchon: www.marchon.com

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