New Look Vision Group Inc. (TSX: BCI) (“New Look Vision”), announced today that it has recently completed the acquisition of five additional retail optical outlets operating in the greater Montreal, Quebec region. Formerly operating under the ZYEU Optometrists banner, three of the new stores will operate under the Greiche & Scaff banner, one under the New Look Eyewear banner and the remaining store will be independently bannered. Estimated annual revenues for the stores is $5.1 million and the purchase price was $5.3 million, financed from internal cash resources.
Antoine Amiel, President and Director of New Look Vision stated that: “The addition of these five locations adds greater depth to our overall Montreal area market presence, including stores at Marché Central, St. Bruno, Lachenaie, Laval and Repentigny and confirms our number one position in the key metropolitan area in Eastern Canada.”
