Entrepreneur Magazine Ranks Pearle Vision as No. 1 Eyecare Franchise and No. 32 Overall and My Eyelab No. 95 Overall on 2021 Franchise 500 List

By Staff
Wednesday, January 20, 2021 12:20 AM NEW YORK—Pearle Vision has again been ranked the nation’s top “Eye Care” franchise on Entrepreneur magazine’s prestigious Franchise 500 list, according to an announcement Tuesday. Pearle Vision, a retail division of Luxottica Retail N.A., ranked No. 32 overall among franchise companies on this year’s list (a move up from No. 58 a year ago). The magazine’s annual rankings are based on outstanding performance in areas such as unit growth, financial strength and stability, and brand power.

Keplr Vision Continues Growth With Addition of 40 New Eyecare Partnerships in 2020

By Staff
Tuesday, January 19, 2021 12:30 AM BLOOMINGTON, Ill.—Amid a challenging year for many businesses and health care providers in 2020, Keplr Vision said it finished the year with an impressive 40 new eyecare partnerships. With 65 practice locations added via those partnerships, the Keplr organization “now boasts 185 total clinical locations,” the group said in an announcement late last week. Keplr Vision said it primarily focused its expansion in the Midwest while taking stronger steps into Texas and the Pacific Northwest regions in 2020.

I-Deal Optics Celebrates 25 Years in Business

By Staff
Tuesday, January 19, 2021 12:27 AM TROY, Mich.—I-Deal Optics is kicking off the new year with a celebration of its 25th anniversary. Originally founded in 1996 by Mort Feldman and current president and CEO, Michael Feldman, I-Deal Optics began as a 300 square foot workspace within a lab located in Ferndale, Michigan.

Eco’s Partner, Trees for the Future, Reaches 200 Million Trees Milestone

By Staff
Friday, January 15, 2021 12:24 AM NEW YORK—Eco, from Modo, has announced that its partner, Trees for the Future, has planted 200 million tress around the world. The milestone was met with support from thousands of individual donors and more than 300 brand partners, including Eco.

A&A Optical Celebrates 50th Year in Business

By Staff
Thursday, January 14, 2021 12:21 AM CARROLLTON, Texas—This year, A&A Optical is celebrating its 50th anniversary. Originally founded as a two-person shop serving the Texas optical market, A&A Optical is now a third-generation organization serving optometrists, ophthalmologists and eyecare retailers throughout the U.S., Mexico, Canada, Latin America, South America, and the Caribbean.

EyeCare Partners Adds Texas Practice Sites in Deal With EyeCare Associates of East Texas

By Staff
Monday, January 11, 2021 12:30 AM ST. LOUIS—EyeCare Partners LLC has established a new partnership with EyeCare Associates of East Texas (ECA), which will result in the addition of ECA's four Texas clinics to ECP's national network of full-scope medical optometry and ophthalmology practices, according to a recent announcement. The move also “launches ECP's expanded presence in Texas,” the announcement noted. The terms of the transaction were not disclosed.

FYidoctors Adds Bobcaygeon Eye Care as Company’s First Clinic in City of Kawartha Lakes Region

By Staff
Thursday, January 7, 2021 12:24 AM CALGARY, Alberta—FYidoctors, a leading optometrist-controlled eyecare company, announced this week that its latest clinic merger comes with the addition of Bobcaygeon Eye Care in central Ontario.

Bausch Health Announces Plans to Reduce Debt By $275 Million

By Staff
Monday, January 4, 2021 12:21 AM LAVAL, Quebec, Canada—Bausch Health announced last week that it will pay down an additional $275 million of its senior secured term loans using cash on hand and cash generated from operations.

FYidoctors Announces First Location in Georgetown, Ontario

By Staff
Wednesday, December 23, 2020 12:21 AM CALGARY, Alberta—FYidoctors, a leading optometrist-controlled eyecare company based here, announced this week that Ontario-based optometry clinic, Eyes Focused on You, has joined the FYidoctors brand.

New Look Vision Group Inc. Completes Acquisition of The Vision Clinic

By Staff
Tuesday, December 22, 2020 12:21 AM MONTREAL, Quebec—New Look Vision Group Inc. (TSX: BCI) reported that it has completed its acquisition of a majority position in The Vision Clinic (TVC).

FYidoctors Sets Sights on Northern Ontario With Addition of Two Practice Locations

By Staff
Monday, December 21, 2020 12:20 AM CALGARY, Alberta—FYidoctors, a leading optometrist-controlled eyecare company, said it has merged with Sault Optometry and Sault Optometry Blind River as it continues to add to its growing presence in Ontario.

Shopko Optical Ends Year With Influx of New ECP Hires and Sets Plan to Open 50 or More Optical Centers in 2021

By Staff
Thursday, December 17, 2020 12:30 AM GREEN BAY, Wis.—As the challenging 2020 year comes to an end, Shopko Optical noted in an announcement this week that it managed to maintain “steady growth in hiring qualified optometrists and expanding its optical centers during a tumultuous year.” The optical retailer opened 11 centers within new and existing markets in 2020 while also hiring 40 optometrists. Shopko Optical, an affiliate of Monarch Alternative Capital since mid-2019, currently has 92 optical centers across the Midwest and Far West.

LensCrafters Unveils a New Flagship Store Design at Two New York City Locations

By Staff
Thursday, December 17, 2020 12:25 AM NEW YORK—LensCrafters, one of the largest optical retail brands in North America, announced the opening of the company’s first flagship stores in New York City.

Standard Optical Acquires Classic Optical Practice, Group Plans More Acquisitions in Q1 of 2021

By Staff
Thursday, December 17, 2020 12:20 AM SALT LAKE CITY, Utah—Standard Optical, a regional market leader in eyecare and optical related goods and services announced that it is acquiring Classic Optical, an established optometry practice in the Salt Lake City metro area, from Dr. Michael Conklin, OD.

My Eyelab Agrees to Open Eight New Locations in Texas With Multi-Unit Franchise Group

By Staff
Tuesday, December 15, 2020 12:25 AM AUSTIN, Texas—My Eyelab, a retail brand of Now Optics, has reached an agreement that will bring eight new franchise stores to the Austin and Fort Worth, Texas, markets, according to a recent announcement. This growth in Texas over the coming months will be driven by a trio of local partnering entrepreneurs—Victor Mankarious, Sameh Bekhit and Arash Ghanbari—the announcement noted. Overall, the agreements with the three parties will bring new My Eyelab locations to several markets in and around Austin and Fort Worth, including Burleson, Weatherford, Lake Worth, Prosper, Round Rock, San Marcos, Crestview and Georgetown.