new look annual report 2013

For the year endedDecember 28, 2013

AnnualReport

New Look Eyewear Inc. 1

Table of Contents

CHAIRMANS MESSAGE 2

PRESIDENTS MESSAGE 3 VICE-CHAIRMANS MESSAGE 4

MANAGEMENTS DISCUSSION AND ANALYSIS 5

CONSOLIDATED FINANCIAL STATEMENTS 20

Managements Responsibility for Financial Statements 21

Independent Auditors Report 22

Consolidated Statements of Earnings and Comprehensive Income 23

Consolidated Statements of Cash Flows 24

Consolidated Balance Sheets 25

Consolidated Statements of Changes in Equity 26

Notes to the Consolidated Financial Statements 27

DIRECTORS AND OFFICERS Back page

Annual General Meeting of ShareholdersMay 8, 2014 at 10. a.m.

Fairmont The Queen Elizabeth900 Ren-Lvesque Boulevard West

Montral, Qubec


Chairmans Message

For the year ended December 28, 2013

FOCUS ON STRATEGIC GROWTH IN 2013 since the corporate structure of New Look Eyewear was successfully converted from an income trust back into a publicly listed corporation (TSX: BCI) in March 2010.

As noted at this time last year, a key focus for New Look in 2013 was strategic growth. With the acquisition

of Vogue Optical in December and other developments during the year, this was well achieved.

OVERVIEWHighlights for the year were as follows:

a) With the acquisition of Vogue Optical, New Look becomes the pre-eminent integrated optical retailer in Qubec, the Atlantic Provinces and Eastern Ontario.

b) Other initiatives included the acquisition of two strategic independent

distribution centre in Ville St. Laurent, Qubec.

c) and invest in independent optical clinics serving markets or market segments not previously served under the New Look or Vogue banners and concluded two such arrangements, one in Qubec and one in Ontario.

d) Revenues for the year increased by 10.5% to reach a record $91 million. Comparable store sales growth for the year was solid, with a 3% increase over the previous year.

e) EBITDA(a) for 2013, after adjustment for the expenses of the Vogue and other acquisitions amounted to $16.1 million, a 4.8% increase over last year.

f) Company was able to maintain a quarterly dividend policy of $0.15 per share ($0.60 per annum).

The above contributed to a very strong performance in the trading value of New Look Eyewears common shares during the year.

TRADING PERFORMANCEFrom January 1st through December 31st, the Companys shares traded in the range of $9.16 to $16.05 per share and closed at $15.02. New Looks !Composite Index and the Small Cap Index (TSX Smallcap Index).

OUTLOOK2014 and beyond holds many challenges and opportunities for the Company. An immediate focus will be on coordinating, for maximum result, the various activities and efforts of New Look and Vogue. Intelligent management of capital resources, capital expenditures, debt repayment and development initiatives will remain a key internal driver through this period.

The ongoing objective continues to be to build New Looks business, "the business as well as sustainable dividends for its shareholders.

New Look, with its successful business model, is well positioned to continue to play a key role into the evolution of the eye care industry in Qubec, the Atlantic Provinces, Eastern Ontario and throughout Canada.

MANAGEMENT TEAM AND BOARD MEMBERSCongratulations are in order for Martial Gagn, Antoine Amiel and the senior management team at New Look Eyewear Inc., Jean-Luc Deschamps, Mario Pageau, France Reimnitz, Caroline Rouleau, Claire Boulanger and Marie-Jose Mercier. A special thanks, as always, to all New Look Eyewears many employees who contribute, each of them in their everyday work, to the continuing success of the company. We also are pleased to welcome on board John MacLeod, Juanita Leary, Matthew Rust and the rest of the management team and employees at Vogue Optical.

Finally a special thanks to members of the Board of Directors for their continuing support, guidance and advice. 2013 was a busy year for them!

& ' *+ / building process in 2014 and beyond.

W. John BennettChairman of the BoardNew Look Eyewear Inc. March 19, 2014

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Presidents Message


REVIEW OF 2013As mentioned by John in his message, 7;"K

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Vice-Chairmans Message


STRATEGIC DEVELOPMENTSJohn has asked me to do an update on strategic factors impacting the retail optical industry and New Looks development outlook. There are currently three major trends underpinning the Canadian optical industry that New Look and Vogue have positioned themselves well to leverage.

DEMOGRAPHICSThe optical industrys primary growth driver is demographics. Presbyopia, the decreasing ability to focus at reading distance, is a natural part of the eyes aging process and becomes noticeable in the early to mid-"Z?


ManagementsDiscussion andAnalysis


Managements Discussion and AnalysisFor the years ended December 28, 2013 and December 29, 2012Amounts in tables are in thousands of Canadian dollars, except per share amounts

HIGHLIGHTS[7;



i) '? ? long-term debt, deferred lease inducements, investment tax credits U"

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APPROVAL OF THE FINANCIAL STATEMENTS ` |77;



Exposure draft on leasesK^7;



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The difference in the effective tax rate and the combined federal and provincial statutory rate in 2013 is attributable to non-deductible expenses, ` ? prior years. The expenses for 2013 and 2012 are essentially composed of

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Net earnings'7;



SUMMARY OF QUARTERLY RESULTS

_[|77;



LIQUIDITY 7; _ ++'*+"'*+ >" "

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? ?/ " > Uin the year included the expansion of the laboratory and the distribution [ \>["

*;;;;'*+"

The payment of balances of purchase price refers to previous years business acquisitions.

2013 2012

Operating activities



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a) See under Financing activities"

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Contractual obligations|77;



OUTSTANDING SHARES AND OPTIONS Y 7 7;



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[ " +related to the main loans is limited by guarantees on assets.

OTHER RISK FACTORS~+KY'*+`"+"/|~"""

~+ Reliance on the availability of optometrists and other professionals, Competition, including e-commerce, { Impact of laser surgery, Technological changes and obsolescence regarding lens manufacturing processes, Dependence on computer-assisted production equipment and information technology systems, |[ Foreign sourcing, and '? and opticians.

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+ |+ Reliance on the indemnity agreement, pertaining to tax credits and other matters.

~+'*+ Unpredictability and volatility of the shares, ' Leverage and restrictive covenants.

INTERNAL CONTROL OVER FINANCIAL REPORTING' *+` \ Y > | 7 7;K"7;



OUTLOOK Management believes that the acquisition of Vogue consolidates the '*+/">

U'*+{++acquisition of individual optical practices;

+ U_"

To improve liquidity and the balance sheet through a planned program of annual repayment of acquisition debt used to acquire Vogue;

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U [ Atlantic provinces, and across Canada;

+ U modernization of our state-of-the-art laboratories, aggressive

+?

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? Uappointments, contact lens sales orders and better dissimination K "

expanding the range of products and services in their retail optical store +"Y [ 7;


ConsolidatedFinancial Statements

New Look Eyewear Inc.

Managements Responsibilityfor Financial StatementsFor the years ended December 28, 2013 and December 29, 2012

21

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(Signed by) Martial Gagn (Signed by) Jean-Luc Deschamps

MARTIAL GAGN JEAN-LUC DESCHAMPS\ Y>'*+/K" '*+/K"

March 12th, 2014 March 12th, 2014

Raymond Chabot Grant Thornton LLPSuite 2000National Bank Tower600 De La Gauchetire Street WestMontral, Quebec H3B 4L8

Telephone: 514-878-2691Fax: 514-878-2127www.rcgt.com

Independent Auditor's Report

To the Shareholders ofNew Look Eyewear Inc.

We have audited the accompanying consolidated financial statements of New Look Eyewear Inc., which comprise the consolidated balance sheets as atDecember 28, 2013 and December 29, 2012 and the consolidated statements of earnings and comprehensive income, the consolidated statements of cashflows and the consolidated statements of changes in equity for the years then ended, and a summary of significant accounting policies and otherexplanatory information.

Managements responsibility for the consolidated financial statements

Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International FinancialReporting Standards (IFRS) and for such internal control as management determines is necessary to enable the preparation of consolidated financialstatements that are free from material misstatement, whether due to fraud or error.

Auditors responsibility

Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance withCanadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit toobtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. Theprocedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the consolidated financialstatements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entitys preparation andfair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for thepurpose of expressing an opinion on the effectiveness of the entitys internal control. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidatedfinancial statements.

We believe that the audit evidence we have obtained in our audits is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of New Look Eyewear Inc. as atDecember 28, 2013 and December 29, 2012 and its financial performance and its cash flows for the years then ended in accordance with InternationalFinancial Reporting Standards (IFRS).

MontrealMarch 12, 2014___________________________________1 CPA auditor, CA public accountancy permit no. A121855

New Look Eyewear Inc.

Consolidated Statements of Earningsand Comprehensive Income

23

For the years ended December 28, 2013 and December 29, 2012In thousands of Canadian dollars, except per share amounts

"

2013 2012

$ $ /

Materials consumed, net of changes in inventory 19,557 18,254 /U']"U']"7 27,978 23,412 !"#$%&'"()"*#!+#'!,'"+#-!+#'#,)!#",+'&'!*#!!+!(!*#!.) /

|_?']"= 5,057 4,960 YU'= 703 432 !"#$%&'"#*',+!. / /

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Consolidated Statements of Cash Flows

For the years ended December 28, 2013 and December 29, 2012In thousands of Canadian dollars

"

2013 2012 $ $

89 30:3;

Earnings before income taxes 9,074 9,705 Items not affecting cash:

|_? 5,057 4,960 Amortization of deferred lease inducements and variation of deferred rent =7] 7


Consolidated Balance Sheets

In thousands of Canadian dollars

"

On behalf of the Board of Directors

(Signed by) W. John Bennet (Signed by) Paul S. Echenberg

W. John Bennett Paul S. EchenbergChairman of the Board Chairman of the Audit Committee

December 28, 2013

December 29, 2012

$ $ 3

""+!+

Cash 343 1,534 ~' 2,881 1,533 Income tax and tax credits receivable 118 158 Inventory 10,315 7,503 Prepaid expenses 692 318

'+!*""+!+

*' 1,197 300 \['


Consolidated Statementsof Changes in EquityFor the years ended December 28, 2013 and December 29, 2012In thousands of Canadian dollars, except the number of shares

Class A common sharesContributed

surplusRetained earnings

1!"1'("C5#+4

Non-controlling

interestTotal

equityNumber $ $ $ D $ $

Balance at December 30, 2012 10,399,032 24,908 549 867 74 26,398 Net earnings 6,449 20 6,469

10,399,032 24,908 549 7,316 // 94 32,867 Equity-based compensation 167 / 167 Shares isssued in consideration of cash pursuant to a private placement, net of issuance costs '


Notes to theConsolidated Financial StatementsFor the years ended December 28, 2013 and December 29, 2012Amounts in tables are in thousands of Canadian dollars, except per share amounts

1. GOVERNING STATUTES AND ACTIVITIES' *+ / K" ' *+ the Canada Business Corporations Act"' *+` K"?"

Earnings and other comprehensive income of businesses acquired or disposed of during the year are recognized from the effective date of ["

Year-end ?|"7;



3Asset impairment. Asset impairment tests, described below, require

" Y purpose, management has to make assumptions such as discounted "development plans are the prime sources of information used in these "| indicating impairment loss or reversal of impairment losses are a "

3Income taxes"UU[the deferred income tax asset or liability requires determining factors such as the deductibility of expenses, the restrictions in deductibility if any, the rate of depreciation when applicable, and the possibility to use carried-forward tax losses based on the Companys ability to U"Y

U + UUU"tax assessments differing from the Companys calculations could be

"

3Tax credits. The calculation of tax credits relating to research and development, training or investments requires determining the activities U"^Uin determining the eligibility of such activities and expenses based on U"

3% " " [ +["[develop estimates and assumptions based on market inputs, using observable data that market participants would use in pricing the " & " / vary from the actual prices that would be achieved in an arms length "

Consolidation of entities without holding voting rights. The Company consolidates certain entities without it holding voting rights when it is exposed to, or has rights to variable returns from its involvement in such entities and has the ability to use its power to affect the amount of "'*+"whether such agreements provide New Look power over such entities "

Segment reportingManagement assesses performance of the Company as a single segment "

Revenue recognition " ~represents cash received or receivable from the customer, net of sales U " ~ _

following conditions:

+rewards of ownership of goods;

The Company retains neither continuing managerial involvement to the

degree usually associated with ownership nor effective control over the goods sold;

The amount of revenue can be measured reliably;K

The costs incurred or to be incurred in respect of the transaction can

"

Operating leasesTotal rents under operating leases are charged to expenses on a straight-"U"Lease term includes free rent periods as well as the construction period

"

Lease inducementsLease inducements applicable to lease contracts are deferred and amortized as a reduction of operating costs over the lease term using the "

Tax creditsTax credits related to research and development, and training are recognized to earnings when there is reasonable assurance that the Company will comply with the conditions attaching to them and that the "

Tax credits related to the acquisition of long-term assets are deferred and recognized in earnings over the life of a depreciable asset as a reduction U"

Equity-based compensationEquity-based compensation, such as options to acquire New Look shares, +U"> [ Z+? "Certain loans made by New Look to allow the purchase of its shares are U"

The fair value of the options determined at the grant date is expensed over the vesting period, based on the Companys estimate of options that "At the end of each reporting period, the Company revises its estimate of U"original estimates, if any, is recognized in earnings such that cumulative U"ZU"\U""

Foreign currency translation " ^ foreign currencies are translated into Canadian dollars at the exchange " '?



" U "/U"

Net earnings per shareBasic net earnings per share for a period are computed by dividing the net earnings attributed to shareholders of New Look by the weighted average "

Diluted earnings per share for a period are calculated assuming that all dilutive stock options are exercised and that the proceeds obtained on the exercise of these options would be used to repurchase shares at the +"> computation of diluted earnings per share when their exercise price is greater than the average market price in the period since they would have ?"

Financial instrumentsRecognition, initial measurement and derecognitionY _ U "["

Financial assets are derecognized when the contractual rights to the U +"

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Classification and subsequent measurement of financial assetsY[the following categories upon initial recognition:

YLoans and receivables,????"

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U _ U U U"

Financial instruments carried at fair value through profit and lossForeign exchange contracts and the interest rate swap agreements are currently the only instruments of the Company carried at fair value through " " | + " assets and liabilities in this category are determined by reference to active market transactions or using a valuation technique where no active market U""

Loans and receivables* ? U

[ +" initial recognition, loans and receivables are subsequently measured at amortized cost using the effective interest method, less a provision for "_ "|

" { > K" "Certain loans made by New Look to allow the purchase of its shares are U" Equity-based Compensation '7;"

Classification and subsequent measurement of financial liabilitiesBank indebtedness, accounts payable to suppliers, customers deposits, and long-term debt are measured initially at fair value plus transaction " [ _ " K U"Gains and losses on foreign exchange contracts and interest rate swap U"

Hierarchy of financial instruments_fair value on the balance sheet into a three-level fair value measurement hierarchy as follows:

*



Inventory valuationK_"

" " "'_is the estimated selling price in the ordinary course of business less any U"

Property, plant and equipmentProperty, plant and equipment are carried at acquisition cost less "&and equipment are acquired in business combination, the cost corresponds [ " property, plant and equipment are depreciated over their estimated useful "U

Depreciation methods, useful lives and residual values are reviewed "

Gains or losses arising on the disposal of property, plant and equipment are determined as the difference between the net disposal proceeds and _ "write-off and loss on disposal are included with depreciation, amortization ?"

Goodwill assets acquired in a business combination that are not individually _" _ ""

Other intangible assetsOther intangible assets include acquired application software and intangible assets acquired with the purchase of businesses or otherwise, such as lease contracts acquired under favourable conditions, customer relationships, non-competition agreements, distribution licenses and

" _ " & asset is acquired in a business combination, the cost corresponds to the ["_? "value of the other intangible assets is amortized on a straight-line basis 7;"~_ "K

"

TradenamesThe tradenames New Look and Vogue Optical are recorded at cost and _""^+ U'*+{> K"["each period to determine whether events and circumstances continue to "

Non-financial asset impairment At the end of each reporting period, the Company reviews the carrying amounts of its property, plant, equipment and other intangible assets, U there is an indication that those assets have suffered an impairment " K U is estimated in order to determine the extent of the impairment loss, if "& individual asset, the company estimates the recoverable amount of the ?""

at least annually and more frequently whenever there is an indication that "

For the purpose of impairment testing, goodwill acquired in business combinations is allocated to those cash generating units expected to the lowest level within the Company at which management monitors "^ " generating units to which goodwill is allocated are tested for impairment annually, or more frequently when there is indication that the goodwill may "

An impairment loss is recognized when the carrying amount of an asset U""?U++"

?the carrying amount of goodwill to nil and then pro rata to the carrying ?"/Uall assets are subsequently reassessed for indications that an impairment

Method PeriodComputer equipment Straight line 5 yearsOptical equipment Straight line 15 yearsOther equipment, tools and signs Straight line 10 yearsLeasehold improvements Straight line Lease term

including periods under option,

maximum 10 yearsAutomobiles Straight line 4 yearsBuilding

Main structure Straight line 40 yearsCertain components Straight line 7 to 13 years

Land No depreciation



_ U" is reversed if the cash-generating units recoverable amount exceeds " '



IFRS 9, Financial instruments. The IASB aims to replace IAS 39, Financial KY~"

""K'7;K" {>K"\/K"acquired consists in a network of 65 retail optical stores along with a lens

" { > " [ '*+`/"

2013 2012

Net earnings attributable to shareholders of New Look $6,449 $6,478 Weighted average number of common shares used in basic earnings per share 10,574,870

10,197,394

Dilutive effect of stock options 192,106 120,900 Weighted average number of common shares used in diluted earnings per share 10,766,976

10,318,294

Net earnings per shareBasic ;"< ;"]Diluted ;"; ;"=

Anti-dilutive options for the period - 301,000

2013 2012 $ $

Receivables



The details of the business combination are as follows:

"

+ optometrists within the premises of the stores, know-how and expected synergies from combining the best practices of the business acquired '*+"?[ _U"

Since the acquisition date to December 28, 2013, the business acquired _77;;;;;;["

7.2 Other business combinations in 2013In 2013, in addition to the Vogue Optical acquisition, New Look acquired an interest in three companies, operating optical clinics, representing



8. RECEIVABLES

9. LOANS AND ADVANCES

;;;;; clinics serving markets and markets segments not previously served '*+"initial fair value estimated using a discount rate of 5%, transaction costs "

7;



10. PROPERTY, PLANT AND EQUIPMENT

>[7;



Land BuildingLeasehold

improvementsComputer

equipmentOptical

equipment

Other equipment,

tools and signs Automobiles

Deposit to acquire

equipment Total$ $ $ $ $ $ $ $

:"'*!""4#$!,'+

Balance as at January 1, 2012 15,854 1,374 3,177 26,447 290 47,142 Acquisitions through business combinations 73 79 152 Other acquisitions 1,462 2,834 1,861 242 854 1,059 477 8,789 Disposals = =]



12. OTHER INTANGIBLE ASSETS

_



Impairment of tradenamesThe tradename New Look is not amortized and was tested for impairment |77;



Instalments on long-term debt

New credit facilitiesThe credit facilities existing at December 29, 2012 were replaced on November 29, 2013 by new ones with a bank syndicate pursuant to the [ { > K" elements of these new credit facilities are the following:

A revolving facility of $10,000,000 to reimburse debt balances under the previous credit facilities, to fund working capital expenditures, and "

[ ];;;;;; [ {> K" balances under the previous credit facilities, and for general corporate "

The facilities are available by way of loans on a prime rate basis, Libor +`"

An interest-rate swap agreement has been concluded to swap the variable interest rate on 50% of the outstanding debt under the [U"

Annual repayments on the acquisition term facility represent $4,500,000 7;



The income tax expense comprises:

16.2 Deferred tax assets (liabilities)Deferred taxes arising from temporary differences and unused tax losses and tax credits are summarized as follows (negative balances represent

U

U"U"*U"

Balance as at Dec 30, 2012

Business combinations

Recognized in earnings

Reduction of share issuance

costsBalance as at Dec 28, 2013

$ $ $ $ $

Unused tax losses, tax credits and deferred expenses 3,690 7



Balance as atJan 1, 2012

Business combinations

Recognized in earnings

Balance as atDec 29, 2012

$ $ $ $

Unused tax losses and tax credits 6,295 7; 3,690 Temporary differences:

Property, plant and equipment



Issuance of shares in 2013

7=];;;+



The following table summarizes information about options outstanding and exercisable as at December 28, 2013:

?+



New Look also entered into agreements to purchase property and [K" 607 Advances, included with receivables 30 Loans and advances 1,197 300

Total loans and receivables 3,502 2,662 3,534 2,685 8+1"!*#!#!%##+#

Bank indebtedness 3,649 Customers deposits 2,252 1,395 Suppliers 7,826 4,043 Long-term debt including current portion 59,250 9,816

72,977 15,254

2013 2012 $ $

Cash in US dollars 109 61Accounts payable in US dollars 7 ]



The Company does not use hedge accounting in relation with the forward U"_ fair value on the balance sheet and changes in fair value are recognized "YU|72013 and December 29, 2012 related to the purchases of US dollars are summarized as follows:

As of December 28, 2013, the estimated fair value of the above exchange contracts represented an asset of $32,000 ($23,000 as of December 29, 7;



26. CAPITAL MANAGEMENT`2013 to read as follows:

_U"

pay down the debt, to continue to make maintenance and growth capital expenditures, and maintain the current dividend pay-out to the "

``["Net debt is the total of the long-term debt, including the short-term portion, and the short-term bank indebtedness, and distributions and dividends U"

"

The Companys capital structure is as follows:

The new guidelines, which approximate the requirements under the new credit facilities, with respect to the capital structure and the resulting performance read as follows:

/ZK| U U

_["KUgain or loss from changes in fair value of foreign exchange contracts [?"\"

U /ZK| =";; [7;^

Martial GagnPresidentNew Look Eyewear Inc.

Antoine AmielVice ChairmanNew Look Eyewear Inc.

Jean-Luc DeschampsSenior Vice President andChief Financial OfcerNew Look Eyewear Inc.

Claire BoulangerVice PresidentReal Estate and DevelopmentNew Look Eyewear Inc.

Marie-Jose MercierVice PresidentSales and OperationsNew Look Eyewear Inc.

Mario PageauVice PresidentOptical Products and ServicesNew Look Eyewear Inc.

France ReimnitzVice PresidentMarketing and MerchandisingNew Look Eyewear Inc.

Caroline RouleauVice PresidentProfessional Services andHuman ResourcesNew Look Eyewear Inc.

New Look Eyewear Inc.Executive Ofcers

W. John BennettChairmanNew Look Eyewear Inc.

Antoine AmielVice ChairmanNew Look Eyewear Inc.

Richard CherneySecretaryNew Look Eyewear Inc.Managing PartnerDavies Ward Phillips & Vineberg

M. William ClemanManagement ConsultantCleman Consulting Inc.

Paul S. EchenbergPresident andChief Executive OfcerSchroders andAssociates Canada Inc.

William R. FergusonPresidentEric T. Webster Foundation

Martial GagnPresidentNew Look Eyewear Inc.

C. Emmett PearsonDirectorNew Look Eyewear Inc.

New Look Eyewear Inc.Board of Directors

AnnualReport


As of February 28, 2014, New Look had 12,637,414 Class A common shares issued and outstanding. New Look is a leader in the eye care industry in Eastern Canada having a network of 140 corporate stores mainly under the New Look and Vogue Optical banners and laboratory facilities using state-of-the-art technologies.

Head Ofce1 Place Ville-Marie, suite 3438Montral, (Qubec), H3B 3N6Tel: (514) 877-4299Fax: (514) 876-3956Website: www.newlook.ca

Contact InformationShareholder InquiriesLise MelansonTel: (514) 877-4299Fax: (514) 876-3956E-mail: [email protected]

Vogue Optical Group Inc.Executive OfcersJohn MacLeodPresidentVogue Optical Group Inc.

Juanita LearyVice President OperationsVogue Optical Group Inc.

Matthew RustChief Financial OfcerVogue Optical Group Inc.

new look annual report 2013

Documents

efforts of new look

previous year

year endeddecember

new looks business

acquisition of vogue

strategic growth

key focus

vogue banners