New Look Eyewear to purchase Greiche & Scaff for $17.8 mln
New Look Eyewear Inc (TSX: BCI) has agreed to acquire certain optical assets, stores and facilities of Optic Direct Inc, which operates under the brand Greiche & Scaff in Québec. The transaction, which is expected to be completed in October, reflects a purchase price of $17.75 million. Founded in 1976, Greiche & Scaff is a retailer of prescription eyewear. In 2003, the company was acquired in a control-stake deal by Canadian private equity firm Perseis Partners. A provider of eye care products and services, New Look has its headquarters in Québec City.
6 August 2014•4 mins read
