The acquisition price of approximately $74 million was financed through various financing arrangements providing for (i) a combination of senior secured debt facilities (comprised of an acquisition term facility of up to $65 million and a $10 million revolving facility) provided by a syndicate of lenders led by National Bank of Canada; and (ii) $25 million of equity financing. In addition, New Look concluded on December 19, 2013, an arrangement for a $15-million junior unsecured debt facility with the Fonds de solidarité des travailleurs du Québec (F.T.Q.), which was used to reduce the draw on the acquisition term facility referred to above.The combined entity will have revenues exceeding $128 million. It will also have a store network in excess of 140 locations, making it the third largest Canadian integrated retail optical company and the eighth largest in North America.With respect to the equity financing, New Look completed a “bought deal” private placement … [Read more...] about New Look Eyewear Acquires Vogue Optical
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A New Look spokesman said: “To ensure pricing differences like these don’t happen in future, we are in the process of reviewing the pricing structure of our plus size collection in a way which works best for our customers and our business. … [Read more...] about New Look slammed over ‘fat tax’ after charging up to 30 per cent more for plus-size clothes
In fact, the new administration deserves a firm two cheers for the way it has started work – although I have serious concerns about one particular aspect of its work. I’m not at all sure that the scrutiny function of the council will be any more effective now than it has been in the past. … [Read more...] about Does the new-look Suffolk administration stand up to close scrutiny?
Work on the £2 million revamp is seeing the existing building expanded into a state-of-the-art facility with improvements to the sports hall and changing rooms, along with a new multi-use studio, spinning studio and a new 75-station gym featuring the latest equipment. … [Read more...] about New look Norfolk leisure centre nears completion
According to the Post, nonprescription “hipster” glasses have become something of a sensation at Washington, D.C., courthouses. Inmates trade them before hearings or obtain them from family members. Sometimes lawyers give them to their clients. … [Read more...] about Defendants Increasingly Don ‘Hipster’ Glasses; Murder Prosecutor Gets New Look on the Record