2014

Local Optometrist & Business Partner Purchase Burnsville, MN Pearle Vision Center -- Former Pearle Vision Employees Assume Ownership of Corporate Location --

MASON, Ohio, Oct. 23, 2013 /PRNewswire/ -- Pearle Vision, one of North America's largest and most trusted licensed optical brands, is proud to announce it has signed a licensing agreement with Sirius Vision Optical Inc. to take over the Pearle Vision location at 1056 Burnsville Center in Burnsville, Minn. The Burnsville location had formerly been corporate owned and operated, serving the community since 1990.

(Logo: http://photos.prnewswire.com/prnh/20130709/NY43871LOGO)

Long-time Pearle Vision employees, Patrick Martin, O.D. and Jacqeline Winges-Beach, have partnered to create Sirius Vision Optical Inc. and recently assumed ownership of their first Pearle Vision eye care center. Both veterans of the industry with a combined 52 years of experience, Dr. Martin spent the last 25 years practicing as an optometrist at the Burnsville location. His partner, Jackie Winges-Beach, is also a former Pearle Vision employee and has 27 years of experience working with the brand.

"We are thrilled to become first-time business owners with our new Pearle Vision location in Burnsville," said Dr. Martin, Pearle Vision licensee. "We will continue to ensure that the local community benefits from the brand's extensive optical and retail experience, as well as provide our patients with the absolute best in eye care."

Dr. Martin and Jackie Winges-Beach are both active members of their community and donate their time to a variety of charitable organizations, including OneSight. They also support local animal shelters and their love for animals plays a big role in their lives, hence the name Sirius Vision Optical Inc. The Sirius is also known as the Dog Star, and it is the brightest in the sky.

"For more than 50 years, Pearle Vision has been committed to providing genuine eye care to patients through our doctor-centric business model," said Srinivas Kumar, senior vice president and general manager, Pearle Vision. "We are excited that both of these long-time Pearle Vision veterans are joining our family of licensees and will continue to serve the residents of Burnsville."

Pearle Vision has a significant legacy in the industry and has continued to outpace competitors by evolving to meet patients' changing needs and providing quality products and services they desire. With more than 610 centers located throughout North America, the company offers best-in-class eye care provided by neighborhood doctors who are skilled optometrists, a principle created by Dr. Stanley Pearle in 1961.

"Pearle Vision is proud to offer optometrists a proven network of support, which allows them to focus on what they are really passionate about – delivering quality eye care to their patients," said Kumar.

Pearle Vision is now seeking to grow its national footprint and has identified development opportunities in markets from coast-to-coast. In addition to new territories available for development, corporate-owned locations in markets such as Ohio, Michigan and Florida also are available and have thriving operations with strong customer-bases.

To fuel its growth, the company is looking for optometrists interested in licensing opportunities. Ideal candidates for Pearle Vision ownership should possess a desire to join a trusted industry-leading brand and work within a proven system to provide exceptional eye care and superior patient service. Pearle Vision licensees can expect their initial investment to build a new center to cost approximately $200,000, in addition to a licensing fee of $30,000.

Optometrists interested in exploring re-licensing or new development opportunities should call 1.800.PEARLE.1 or visit www.ownapearlevision.com.

About Pearle Vision
Pearle Vision was founded in 1961 by Dr. Stanley Pearle, who began the concept of one-stop, total eye care with the opening of the Pearle Vision Center in Savannah, Ga. Pearle combined complete eye exams with an extensive selection of eyewear. In 1981, Pearle Vision began offering licenses to select doctors and opticians. Today, with more than 610 eye care centers located throughout the United States, Pearle Vision is built around a doctor-centered business model with a primary focus to deliver genuine eye care to patients and become a trusted source for all their eye health needs. Pearle Vision is owned by Luxottica, a leader in premium fashion, luxury and sports eyewear. For more information, visit http://www.PearleVision.com.

Luxottica Group S.p.A.
Luxottica Group is a leader in premium, luxury and sports eyewear with approximately 7,000 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin America and Europe, and a strong, well-balanced brand portfolio. House brands include Ray-Ban, the world's most famous sun eyewear brand, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli, Arnette and REVO, while licensed brands include Giorgio Armani, Bulgari, Burberry, Chanel, Coach, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Starck Eyes, Tiffany and Versace. In addition to a global wholesale network involving 130 different countries, the Group manages leading retail chains in major markets, including LensCrafters, Pearle Vision and ILORI in North America, OPSM and Laubman & Pank in Asia-Pacific, LensCrafters in China, GMO in Latin America and Sunglass Hut worldwide. The Group's products are designed and manufactured at its six manufacturing plants in Italy, two wholly owned plants in the People's Republic of China, one plant in Brazil and one plant in the United States devoted to the production of sports eyewear. In 2012, Luxottica Group posted net sales of more than €7.0 billion. Additional information on the Group is available at www.luxottica.com

Safe Harbor Statement
Certain statements in this press release may constitute "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those which are anticipated. Such risks and uncertainties include, but are not limited to, the ability to manage the effects of the current uncertain international economic outlook, the ability to successfully acquire and integrate new businesses, the ability to predict future economic conditions and changes to consumer preferences, the ability to successfully introduce and market new products, the ability to maintain an efficient distribution system, the ability to achieve and manage growth, the ability to negotiate and maintain favorable license agreements, the availability of correction alternatives to prescription eyeglasses, fluctuations in exchange rates, changes in local conditions, the ability to protect intellectual property, the ability to maintain relations with those hosting our stores, computer system problems, inventory-related risks, credit and insurance risks, changes to tax regimes as well as other political, economic and technological factors and other risks and uncertainties referred to in Luxottica Group's filings with the U.S. Securities and Exchange Commission. These forward looking statements are made as of the date hereof and Luxottica Group does not assume any obligation to update them.

MEDIA CONTACTS:
Amanda DelPrete
954-893-9150
adelprete@fish-consulting.com

Emily Ryan
513-765-3358
eryan@luxotticaretail.com

SOURCE Pearle Vision



RELATED LINKS
http://www.PearleVision.com

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