This eyewear offers a beautiful combination of an acetate wire and a decorated metal bar. Luminous effects create a brilliance with bevels to add mesmerizing reflections. Complete with an elegant bridge and detailed metal temples. Truly a unique style that highlights richness and intrigue.
Featured model: 80040A MD12
Distributed by Lanctôt: www.rlanctot.com
ReNue, a doctor-led aesthetic medicine company and division of FYidoctors, today announced its merger with Ethemba Health and Image Centres, an aesthetic medicine practice with locations in Regina, Saskatchewan and Sherwood Park, Alberta.
Co-founded in 2012 by husband-and-wife duo, Dr. Richard Hatfield and Shannon Hatfield, Ethemba Health and Image Centres’ mission is to help motivate, inspire, and encourage its clients to achieve healthy living from the inside out. The practice was named after the African word ‘Ethemba’, which translates to ‘trust, to believe and to have faith in’, and encompasses the attributes the practice considers as fundamental in a health provider.
“We are excited to be a part of ReNue’s national group of physicians who share the same values as our practice – namely, taking a patient-first approach while providing excellence in medical care,” said Dr. Hatfield, Co-founder of Ethemba Health and Image Centres. “By joining a larger organization like ReNue, we will be able to enhance our current services, provide new and innovative offerings and gain access to a suite of tools which will allow us to operate more efficiently.”
“We’re thrilled to be merging with Ethemba Health and Image Centres,” said Dr. Jason McWhirter, VP and Chief Medical Officer of FYidoctors’ Medical Aesthetics Division. “Dr. Hatfield and his team’s passion for healthcare, paired with experience in the medical aesthetics space is unparalleled and we’re excited to call them our partners.”
From its inception, the practice and its co-founders have contributed to non-profits in the community that support healthy and active lifestyles, in addition to local hospitals in the region including the Stollery Children’s Hospital, and The Glenrose Hospital.
Click HERE for the full press release.
The story of Blackfin reaches the desks of two prestigious universities. Nicola Del Din, the company CEO, recently delivered two lectures, one at Bocconi University in Milan, the other at British Columbia University in Vancouver, British Columbia.
A remote connection allowed audiences of international students to hear the story of a leading example of Italian manufacturing excellence and ethics in the international eyewear market, directly from its CEO.
Nicola Del Din’s lecture at Bocconi was part of a business management course dedicated to Italian product manufacturers, while the lecture on Blackfin delivered to Canadian university students was part of a series of meetings on Italian creativity, and its global recognition as the ultimate expression of style and culture in the fields of architecture, design and fashion.
“I am truly proud to have been asked to tell the story of our company as an example of authentic made in Italy excellence,” stated Nicola Del Din “and help these students, from different countries, and therefore from different cultures, understand that even a company from a small mountain town can be on the road to success if it has values and objectives that befit its identity. That’s what Blackfin did.”
Click HERE for the press release.
New Look Vision Group reported financial results for the 13 and 52 week periods ended December 26, 2020 and provided updates on actions in response to COVID-19, store re-openings, on omnichannel and facility consolidation.
The Company has adopted IFRS 16 Leases effective Q1 2020 and has applied it on a modified retrospective approach; the operating results of previous fiscal periods have not been restated. Occupancy costs previously recorded as operating expenses are now recorded through depreciation of right-of-use assets and interest expenses on lease liabilities.
Q4 2020 highlights, excluding the impact of IFRS 16, where applicable are:
• Revenues increased by 25.0% compared to the fourth quarter of last year to reach $92.4 million as a result of comparable store sales and revenues from newly acquired stores.
• Comparable store sales were up 12.0% as a result of enhanced store operating procedures and a shift in customer behavior.
• Adjusted EBITDA attributed to shareholders reached $22.8 million, a 59.8% increase over the fourth quarter of last year.
• The Company actively continued to pursue its significant pipeline of acquisition opportunities in Canada and the United States and acquired 15 stores in the quarter.
Full year 2020 highlights, excluding the impact of IFRS 16, where applicable are:
• Annual revenues, as expected, decreased due to government mandated store network shutdowns and related headwinds offset by newly acquired stores.
• Adjusted EBITDA attributed to shareholders was $56.9 million, an increase of 1.9% over last year (with a corresponding increase of 1.7% on a per diluted share basis to $3.63.)
• Cash flows related to operating activities reached $58.0 million, increasing by $14.4 million or 33.0% (and increased 32.6% on a per diluted share basis to $3.70 year-over-year.)
• Net debt was $167.9 million compared to $143.9 million.
• The Company actively continued to pursue its significant pipeline of acquisition opportunities in Canada and the United States and acquired 36 stores during the year.
Antoine Amiel, the President and CEO of New Look Vision, stated that: “New Look Vision showed remarkable resilience this past quarter and year to overcome unprecedented challenges driven by the COVID-19 pandemic and ongoing market headwinds. Despite closures and disruptions in the first half of 2020, New Look Vision continued to execute on its strategy and delivered strong results for the fourth quarter of fiscal 2020. Quarterly revenues and comparable store sales grew by 25.0% and 12.0% year-over-year and EBITDA increased by 60% over the same quarter last year. I am grateful for the strength and dedication of our teams to deliver on our strategy and continue to serve the needs of our loyal and new customers in a challenging environment.”
COVID-19 and Store re-opening
Gradual store reopenings started on May 4th in line with local and professional regulations, with all of New Look Vision’s entire store network open for business by the end of the second quarter.
COVID-19 has significantly altered the way optical retailers operate on both brick and mortar and eCommerce levels. As consumers increasingly move online, New Look Vision’s investments in omnichannel experience and anticipation of the evolving consumer journey complements and enhances its physical retail presence. This approach increases accessibility to differentiated, customized and precise eyecare, while ensuring safety for consumers across Canada. Our central lens processing facility pivoted to begin producing safety eyewear for use in health care facilities.
Status of Dividend
Effective March 19, 2020, the Company’s Board of Directors suspended the regular quarterly dividend and the corresponding dividend reinvestment plan until further notice, due to the pending impact of the pandemic on the Company’s business and liquidity.
As at February 27, 2021, New Look Vision had 15,660,199 Class A common shares issued and outstanding.
Arrangement Agreement to be Acquired
On March 18, 2021, the Company announced that it had entered into an arrangement agreement to be acquired by NL1 AcquireCo Inc., an entity created by a group composed of funds managed by FFL Partners, LLC, Caisse de dépôt et placement du Québec , and the Dr. H. Doug Barnes Family.
Click HERE for the full press release.
Lensbox Canada, an eye care technology company providing omni-channel eye healthcare solutions, connecting eye care practitioners with patients, announces the acquisition of Oxford & Kin and a new partnership with Baus Eyewear, in order to further expand same-day delivery and product innovation.
Oxford and Kin, a doctor-created and stylish eyewear brand dedicated to social responsibility was launched in 2016 by Doctor of Optometry, Harbir Sian.
“I am truly excited for this brand to continue its growth under the Lensbox umbrella. Oxford & Kin was a passion project that grew into so much more. I was inspired to create a brand that would be able to reach those who need it the most,” states Dr. Harbir Sian, Founder of Oxford & Kin Eyewear.
The acquisition launches the initial phase of developing a vertically integrated business model for Lensbox.
“E-commerce growth, heavy consolidation and overseas brand expansion into an already competitive Canadian eyecare market is creating a more challenging marketplace for independent doctors of optometry. We are acquiring like-minded companies such as Oxford & Kin, in order to deliver local, high quality and cost-effective solutions to practitioners, who wish to stay in control of their practice and benefit from the suite of IT, lab, marketing and administrative services we offer,” states Sanaz Bissonnette, Founder and CEO of Lensbox. “We are also partnering at this time with Baus, to expand our frame catalogue and expedite technological developments, to support eyecare professionals looking forward to the economy restarting.”
Baus Eyewear is a family-owned Canadian eyewear company, popular amongst eye care professionals. Established in 2003, Baus Eyewear offers six diverse lines including elegant, vintage and titanium styles, to meet the needs of the most discerning patients.
Click HERE for the full press release.
Experience the pinnacle of eye care education at Vision Expo West. This September’s educational program is now unveiled offering attendees new insights and knowledge on a diverse range of topics, from disease management and practice growth to lens innovations, the latest eyewear trends and more.
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Introducing the BITTER sunglasses from the Odd Fruits capsule collection; a women's model with a handcrafted frame made of high-quality Italian acetate.
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CNIB announced that Angela Bonfanti, a 13-year veteran of the CNIB team, became the organization’s first female president and CEO.
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Enhancing expertise, stimulating innovation and championing the sector: SILMO also promotes tomorrow's talent with the Optical Design Contest.
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AYA announces the launch of their latest collaboration, "Iris" – a new addition to their eyewear collection that honours the rich tapestry of indigenous art with a distinct nod to fashion.
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Experience the pinnacle of eye care education at Vision Expo West. This September’s educational program is now unveiled offering attendees new insights and knowledge on a diverse range of topics, from disease management and practice growth to lens innovations, the latest eyewear trends and more.
Learn More Introducing the BITTER sunglasses from the Odd Fruits capsule collection; a women's model with a handcrafted frame made of high-quality Italian acetate.
Read More CNIB announced that Angela Bonfanti, a 13-year veteran of the CNIB team, became the organization’s first female president and CEO.
Read More Enhancing expertise, stimulating innovation and championing the sector: SILMO also promotes tomorrow's talent with the Optical Design Contest.
Read More AYA announces the launch of their latest collaboration, "Iris" – a new addition to their eyewear collection that honours the rich tapestry of indigenous art with a distinct nod to fashion.
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Experience the pinnacle of eye care education at Vision Expo West. This September’s educational program is now unveiled offering attendees new insights and knowledge on a diverse range of topics, from disease management and practice growth to lens innovations, the latest eyewear trends and more.
Learn More Introducing the BITTER sunglasses from the Odd Fruits capsule collection; a women's model with a handcrafted frame made of high-quality Italian acetate.
Read more CNIB announced that Angela Bonfanti, a 13-year veteran of the CNIB team, became the organization’s first female president and CEO.
Read more Enhancing expertise, stimulating innovation and championing the sector: SILMO also promotes tomorrow's talent with the Optical Design Contest.
Read more AYA announces the launch of their latest collaboration, "Iris" – a new addition to their eyewear collection that honours the rich tapestry of indigenous art with a distinct nod to fashion.
Read more Experience the pinnacle of eye care education at Vision Expo West. This September’s educational program is now unveiled offering attendees new insights and knowledge on a diverse range of topics, from disease management and practice growth to lens innovations, the latest eyewear trends and more.
Learn More Introducing the BITTER sunglasses from the Odd Fruits capsule collection; a women's model with a handcrafted frame made of high-quality Italian acetate.
Read more CNIB announced that Angela Bonfanti, a 13-year veteran of the CNIB team, became the organization’s first female president and CEO.
Read more Enhancing expertise, stimulating innovation and championing the sector: SILMO also promotes tomorrow's talent with the Optical Design Contest.
Read more AYA announces the launch of their latest collaboration, "Iris" – a new addition to their eyewear collection that honours the rich tapestry of indigenous art with a distinct nod to fashion.
Read more
