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OWP Ladies: Handcrafted Look in Fine Block Titanium

Elaborate hammering technique meets feather-light block titanium: the fine-rimmed, feminine curved full rim frame 1757 creates a wonderfully modern and sovereign look, whose exciting surface design is reminiscent of hand-forged jewellery. True to style, the colours are puristic black, cool gold, night blue or plum. Filigree temples in discreetly sparkling acetates and integrated titanium precision spring hinges provide the finishing touch and the perfect fit. Style 1758 achieves the exciting look with a slightly bendy nylor version.

Distributed by Lanctôt:  www.rlanctot.com

Vuarnet Edge Cat Eye’s Bold Silhouette

Vuarnet’s new Edge Cat Eye features a stainless-steel frame set against acetate rims that emphasize the eye contour and protect eyes from the light. This oversized, feminine silhouette is the latest addition to the Edge collection. All Vuarnet styles feature mineral lenses offer the very best optical clarity, maximum protection, extreme durability and comfort.

www.vuarnet.com/ca

Digital ECP Buying Group Consolidates Ownership

Digital ECP Inc. announces an agreement to change the ownership structure of the purchasing network. Karen Ouellette, co-founder and President of Corporate Accounts, will assume 100% ownership of the network through the purchase of all outstanding interests of Grant Larsen. Larsen was announced as CEO of Eye Recommend on November 8, 2017.

Ouellette has an extensive background in banking, client service and managing a buying group in Canada. In addition, she boasts a long history of building industry partnerships at all levels and delivering member value. Ouellette told Optik, “The consolidation of ownership will be of benefit to both our members and accredited suppliers. We will continue with our mission to effectively serve our members’ needs and to work with innovative industry suppliers to enhance competitiveness of independent eye care professionals in today’s challenging environment.”

Digital ECP Inc. buying group was created November 2014 based on a simple and growing need for independent Canadian eye care professionals to be competitive in an increasingly digital marketplace. The group partners with industry suppliers to deliver digital business solutions to members, saving them time and money.

More information on the group is available at www.digitalecp.com

New Look Announces Record Q3 Revenues

Montréal, Québec – New Look Vision Group Inc. announced its financial results for the third quarter ended September 30, 2017 and its quarterly dividend.

New Look Vision reported record revenues of $55.2 million and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $10.8 million for the third quarter ended September 30, 2017, representing increases of 12.8% and 35.6% respectively over last year. The revenue increase was mainly due to the net addition of 19 stores in the last 12 months as well as same store sales growth of 0.9% over last year. This revenue growth as well as significant improvement in operating expense ratios resulted in the strong adjusted EBITDA performance.

Adjusted net earnings attributed to shareholders for the third quarter were up significantly at $4.1 million compared to $2.8 million in 2016. Adjusted net earnings per share for the quarter compared to the third quarter of 2016 were up at $0.29 per share. Net earnings attributed to shareholders were $3.4 million, compared to $2.1 million last year, the increase being mainly due to higher revenues, controlled expense growth, and lower equity-based compensation.

Antoine Amiel, the President of New Look Vision, stated that: “I am pleased to report that Q3 was a strong quarter of revenue and earnings growth, resulting from a continued comparable store and new store sales growth, a strong focus on improving operating expense ratios and from generating synergies from recent acquisitions. Subsequent to quarter’s end, we announced the completion of the acquisition of Iris The Visual Group, strengthening our leadership position across Canada with a network of 378 stores.”

Year-to-date revenues and adjusted EBITDA reached a record of $161.6 million and $29.6 million respectively, which represent increases of 12.2% and 15.6% respectively over last year. Net earnings attributed to shareholders were $7.3 million compared to $8.0 million last year. Net earnings adjusted to remove the impact of acquisition-related costs, equity-based compensation, and other non-comparable costs were $11.1 million, or $1.4 million over last year. Comparable store sales year-to-date were up 2.5% over last year.

Click HERE for the full press release.

 

Essilor Canada: A Commitment to Sustainable Development 

Sustainability: A Strategic Focus

Essilor has always believed that fulfilling its mission to provide everyone, everywhere, with quality vision care solutions to protect and correct their eyesight needed to be achieved within the framework of sustainable development. The company has thus developed a three-pillar approach: Reducing our environmental footprint, Caring for our people and Working with society, that materializes this long-time strategic focus and guides its decisions. Essilor is also committed to help advance Sustainable Development Goals as defined by the United Nations in 2015 to end poverty, protect the planet and ensure prosperity for all, over the next 15 years. At this time, the Essilor Group actively contributes to 13 of the SDGs. Essilor Canada has embraced this commitment to sustainable development as well and made it a strategic priority. Under the leadership of its Environment, Health and Safety team, considerable progress was made.

Essilor Canada’s Best Practices for Sustainability

Water conservation was the first aspect to be tackled, with energy conservation and waste management next on the agenda. A range of projects has allowed Essilor Canada to reduce its overall water usage per lens by half in less than four years, thus decreasing energy consumption. We also decreased our paper usage by five million pages in just a few years and our packaging for edged and mounted lenses was redesigned so that part of the plastic could be eliminated or replaced with recyclable/re-usable materials. All along, Essilor Canada’s Environment, Health and Safety team takes every occasion to educate and motivate employees by providing training, organizing special activities and sharing our progress.

Our dedication to environmental conservation is also reflected in the laboratory equipment we supply to eye care professionals, for example the National Optronics dry-cut edger. Our traditional systems use minimal water when on recirculating pump, and our flagship and new lab edgers, Mr. Blue and Pro E 600, have a dry cut milling function which reduces water consumption by almost half.

Recognition for Essilor’s Sustainable Business Model

Recognized for its sustainable business model, Essilor Canada is featured in the book The Path Forward, Insights on a sustainable future from Canada’s corporate leaders, put together by Bullfrog Power®, a Canadian green energy retailer operating in Canada. “This was a great opportunity to share our best practices, challenges and most significant learnings with other industries and organizations”, explains Christophe Derrien, Vice President Partner Laboratories, Quality & Environment, Health and Safety. “Working as a community, within the company and the industry, as well as with other industries, is key to developing sustainability”.

At the international level, as Infoclip.ca previously reported, Essilor has been selected again by the Dow Jones Sustainability Index World and Europe for its corporate sustainability leadership, and ranked second in the Health Care Equipment and Supplies sector. As well, for the 14th consecutive year, Essilor has been included in the FTSE4Good – a global investment index designed to identify companies that demonstrate strong environmental, social and governance practices, as reported on Infoclip last September. The inclusion of Essilor International in two leading sustainability indices underlines the Group’s position as one of the world’s best performing companies in terms of sustainable development.

Click HERE for the full press release.

 

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