Local Entrepreneur Becomes Pearle Vision Licensee In Ohio

          Local Entrepreneur Becomes Pearle Vision Licensee In Ohio

- First-Time Licensee Signs with Leading Optical Brand to Own and Operate 10
Stores -

PR Newswire

MASON, Ohio, July 11, 2014

MASON, Ohio, July 11, 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 withBill Noble to assume ownership of 10
locations throughout Ohio. The locations were formerly corporate-owned,
serving the areas of Centerville, North Randall, Columbus, Dublin, Cuyahoga
Falls, North Olmsted, Hamilton, Gahanna and Grove City over the past several
years. The specific locations include:

  o101 Alex-Ball Rd., Suite 120, Centerville
  o4836 Northfield Rd., North Randall
  o1150 Polaris Pkwy, Columbus
  o3948 Morse Crossing, Columbus
  o5043 Tuttle Crossing Blvd., Suite 238, Dublin
  o796 Howe Ave., Cuyahoga Falls
  o25102 Brookpark Rd., #126, North Olmsted
  o3373 Princeton Rd., #121, Hamilton
  o368 S Hamilton Rd., Gahanna
  o1584 Stringtown Rd., Grove City

"I'm excited to join the Pearle Vision family as a first-time licensee," said
Noble. "This is just the beginning for my partners and I, as we plan to open
several additional locations in the next three to five years. We look forward
to serving the state of Ohio for many years to come and will continue to
provide our patients with the absolute best in eye care."

Noble, a proud graduate of the West Point Military Academy and a former UH–60A
Blackhawk pilot, has an extensive background in retail, specifically in
operations, and has worked for well-known brands including The Limited,
Toys-R-Us, Wal-Mart, Lord & Taylor, Famous Footwear and Luxottica. It was the
support of Pearle Vision's leadership team that encouraged Noble to make the
leap into the franchise world and assume ownership of multiple Pearle Vision
locations throughout Ohio. Noble, along with his five partners, William
Currence, Dr. Gretchen Brewer, Dave Kunselman, Rick Minicozzi and Darold
Londo, are eager to see the brand flourish and grow and look forward to
carrying out the success of Pearle Vision throughout Ohio.

"We are thrilled thatBill Noble and his partners have taken over operations
at these 10 locations and trust that his extensive business background will
translate into success for these Pearle Vision centers," said Tammy Reaves,
vice president of licensing and development at Pearle Vision. "This
transaction lends itself to Pearle Vision's aggressive plans to convert
corporate-owned neighborhood eye care centers to licensees. We continue to
seek entrepreneurs, 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
$225,000 to $275,000, 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 othefactors 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:
Andie Biederman
954-893-9150
abiederman@fish-consulting.com

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

SOURCE Pearle Vision
 
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