New Look Vision Group Inc. Completes Acquisition of Edward Beiner in Florida

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MONTREAL—New Look Vision Group Inc. (TSX: BCI) reported that it has completed the acquisition of substantially all of the assets of Miami-based Coco Lunette Holding, LLC which carries on business principally under the Edward Beiner banner. Based in Miami, Florida, the Edward Beiner Company has 12 locations across key premium markets in Florida. As previously announced, its current annualized revenues are $15.5 million Cdn and it will continue to operate as a stand-alone unit within New Look Vision. VMAIL reported on the news last December.

Antoine Amiel, president and CEO of New Look Vision stated, “We are pleased to announce the closing of the Edward Beiner Company transaction, following a period of strong cooperative effort by both New Look Vision and Edward Beiner Company management. We are very much looking forward to working with the Edward Beiner Company team to grow our presence in the U.S. retail optical market. This transaction brings our total store network to 394 locations across North America as we proceed to further implement our corporate strategy for growth and development.”

As of Feb.29, 2020, New Look Vision had 15,660,199 Class A common shares issued and outstanding. New Look Vision is a leader in the eyecare industry in Canada with a network of 394 stores operating mainly under the New Look Eyewear, Vogue Optical, Greiche & Scaff, IRIS and various luxury banners and laboratory facilities using state-of-the-art technologies.

Edward Beiner specializes in fashion and high-performance eyewear designed for today’s lifestyle-oriented customer. Based out of Miami, the company’s brand matrix and selection are what separate the independent optical retailer from eyewear big boxes around the world. Each location carries a unique selection and styles that are based on the demographic of the community.