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
If you have an executive or cabinet form of local government, a strong scrutiny function is absolutely vital. Suffolk hasn’t really had that for several years. Some authorities – including Ipswich Council – have an opposition councillor chairing the scrutiny committee. But the county council has always resisted that. … [Read more...] about Does the new-look Suffolk administration stand up to close scrutiny?
“We did consultation before we started the work on what people wanted and we have tried to give them what they wanted within the constraints of the building. So hopefully the public will think it is great when it opens. I’m really looking forward to it. It is really exciting.” … [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