Local Entrepreneur Expands Pearle Vision Business In Minnesota

        Local Entrepreneur Expands Pearle Vision Business In Minnesota

Current Pearle Vision Licensee Assumes Ownership of Former Corporate Location
in Edina, Minn.

PR Newswire

MASON, Ohio, May 22, 2014

MASON, Ohio, May 22, 2014 /PRNewswire/ --Pearle Vision, one of North
America's largest and most trusted licensed optical brands, is proud to
announce it has signed an agreement with Gary Tonsager to assume ownership of
the location in Edina, Minn. In addition to this neighborhood eye care center
located at 333 Hazelton Road, Tonsager also owns the Pearle Vision in Elk
River, Minn., where he has lived for the past six months. The Edina center was
formerly corporate-owned and has served thousands of customers in the
community.

Pearle Vision Logo.

"I am excited to be expanding my business with the Pearle Vision brand," said
Gary Tonsager. "I look forward to serving the Edina community for many years
and know that our newest Pearle Vision location will continue to be a trusted
source for all of their eye care needs."

Tonsager brings nearly three decades of experience in the optometry industry
to the Edina, Minn. location. Prior to purchasing the Elk River Pearle Vision
eye care center almost 20 years ago, he was a corporate store manager for 10
years with the brand. Tonsager is extremely active in the local community and
enjoys sponsoring sports teams and high school plays. He is also a member of
the local Chamber of Commerce.

"We are thrilled that Gary Tonsager has licensed a second location in the
Minnesota market and are confident that the Edina patients will benefit from
his extensive experience in optometry," said Tammy Reaves, vice president of
licensing and development at Pearle Vision. "Pearle Vision is poised for
growth this year and has aggressive plans to convert corporate-owned
neighborhood eye care centers to licensees, and we are seeking optometrists
and eye care professionals, who have a desire to serve their communities to
join our growing network of licensed operators."

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 600 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. Most recently, Pearle Vision ranked #112 in
Entrepreneur's2014 Franchise 500, making a 48-point increase from the 2013
ranking.

Pearle Vision is now seeking to grow its national footprint and has
development opportunities, including existing centers with established
customer bases, in markets from coast-to-coast. To fuel further 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
http://licensing.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 600 eye care centers 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 over
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. Proprietary brands include Ray-Ban, the world's most famous sun
eyewear brand, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli and
Arnette 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 2013 Luxottica
Group posted net sales of more than Euro 7.3 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

Logo - http://photos.prnewswire.com/prnh/20130709/NY43871LOGO

SOURCE Pearle Vision

Website: http://www.PearleVision.com
 
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