Walter Capital Partners Supports Bonlook’s Sustained Growth With New Investment

MONTREAL, Nov. 20, 2017 (GLOBE NEWSWIRE) — Walter Capital Partners is pleased to announce a major new investment in Bonlook, a company specializing in the sale of optical products both online and in-store. This financing will enable Bonlook with the opportunity to continue to grow its online presence and expand its vast network of stores. Propelled by an initial investment by Walter Capital Partners in 2016, the rapidly growing company now counts 195 employees and 15 stores, and sells its products online in 25 countries. 

As a long-term partner of Bonlook, Walter Capital will contribute its entrepreneurial approach and provide them access to its extensive network of contacts, both at home and abroad. To date, assistance from the investment team has enabled Bonlook to accelerate the opening of new stores in Quebec and Ontario, as well as to refine its online platform, as it continues developing an omnichannel model that is unique in the optical business.  

“We’re enthusiastic about continuing our collaboration with Bonlook’s cofounders and their teams, building upon the outstanding working relationship we’ve developed together over the past year. Our partnership will pursue the rapid development of the Bonlook brand, which is enjoying ever-greater recognition,” said Éric Phaneuf, Managing Partner of Walter Capital.

“As a result of the enthusiasm generated by the opening of our first stores, we intend to expand our network to approximately 50 points of sale in Canada by 2020, as a complement to our online sales platform. Tips and advice provided by our in-store stylists and opticians enhance the customer experience at all our locations,” said Sophie Boulanger, Bonlook Co-founder and President. “The financial backing from Walter Capital Partners, as well as the strategic advice and ongoing support from its teams, will enable us to achieve the objectives of our ambitious growth plan.” 

ABOUT BONLOOK
Bonlook is the ultimate destination for a wardrobe of trendy frames that feature impeccable quality, great value and easy purchase online or in-store. Since its inception, the Company’s objective has been to make prescription glasses designed in Montreal so accessible that they become must-have fashion accessories. The Company was launched online but now has 15 brick-and-mortar points of sale in Quebec and Ontario. It has grown to 195 employees and plans to have 50 stores in Canada by 2020. Bonlook’s omnichannel shopping experience sets it apart from other Canadian eyewear retailers. For more information, visit www.bonlook.com

ABOUT WALTER CAPITAL PARTNERS
Walter Capital Partners is a private equity firm and part of the Walter Group. Walter Capital invests capital and know-how in established small and medium-sized businesses to help accelerate their growth. Drawing on the entrepreneurial values of the Walter Group and the business leadership experience of its Managing Partners, Walter Capital offers solutions that are above and beyond purely financial transactions. Headquartered in Montreal, Walter Capital has a solid international network.

For further information:

Bonlook
Christine Boivin, Marketing & Communications Director
514 293-3423
Christine.boivin@bonlook.com

Walter Capital
Éric Phaneuf, Managing Partner
514 963-4963
ephaneuf@waltercapital.ca

Blumenthal Nordrehaug & Bhowmik Sue Knight Transportation, Inc., Alleging The Company Violated The Employee Retirement Income Security Act

LOS ANGELES (PRWEB) November 20, 2017

The Los Angeles employment law lawyers at Blumenthal Nordrehaug & Bhowmik filed a class action lawsuit against Knight Transportation, Inc. on behalf of the company's Truck Drivers alleging that the transportation services company illegally classified their employees as independent contractors, in order to avoid providing their employees benefit plans, which is in violation of the Employee Retirement Income Security Act (ERISA). The class action lawsuit is currently pending in the United States District Court for the Central District of California as Case No. 5:17-CV-02337. A copy of the class action complaint can be read by clicking here.

The class action lawsuit filed by the San Diego labor attorneys alleges that the company, as a result of misclassification and improper characterization of its Truck Drivers as “independent contractors,” fails to provide its Truck Drivers the same retirement, health, and other benefits it provides to all its other employees pursuant to several employee pension and welfare benefit plans–specifically, the Knight Transportation, Inc. 401(k) Plan and the Knight Transportation, Inc. Cafeteria Plan–established under and governed by ERISA (collectively, the “Knight Plans”).

Additionally, the Complaint alleges that Knight Transportation exercised complete control over its independent contractor Truck Drivers by controlling the work performed and the manner and means in which the work was performed. In doing so, Knight Transportation allegedly misclassified their Truck Drivers as independent contractors, when in fact the Complaint asserts these workers should be classified as employees and have the ability to participate in the company's retirement and other benefit plans that were offered to their employee truck drivers.

If you feel you have been misclassified as an independent contractor, call Attorney Nicholas De Blouw, an experienced San Diego employment lawyer, today at (800) 568 -8020.

Blumenthal, Nordrehaug, and Bhowmik represents many California employees who have been misclassified as independent contractors. With labor law offices located in Riverside, San Diego, Los Angeles, Sacramento, and San Francisco, the labor law attorneys at Blumenthal, Nordrehaug & Bhowmik are dedicated to helping employees throughout California protect and enforce their rights against some of the world’s largest corporations.

**THIS IS AN ATTORNEY ADVERTISEMENT**

Read the full story at http://www.prweb.com/releases/2017/11/prweb14940652.htm

Burrard Group and Realogics Sotheby’s International Realty Announce Sellout of 28 City Suites During Encore Sales Event on November 18th; NEXUS is Now 90% Presold

SEATTLE (PRWEB) November 20, 2017

Representatives of Burrard Group and Realogics Sotheby’s International Realty (RSIR) confirmed today that they have sold all 28 City Suites released at NEXUS Condominiums during the Encore Sales Event held on November 18th. Prospective buyers began forming a line at the NEXUS Sales Center at 4:30pm on Friday, November 18th – more than 18 hours prior to the doors opening at 11am the next morning. Initially, Burrard Group said it would offer 16 newly released homes located on floors 28 through 35, however prospective buyers that were patiently waiting in line learned of a special surprise release – an additional 12 City Suites on floors 3 through 6 were also made available. Overall, the 28 homes ranged in price from $340,950 to $667,950 and comprised of a mix of studios and urban one-bedroom floor plans varied from 354 sq. ft. to 498 sq. ft. The new offering was a result of disassembling a larger floor on the higher floors and making available studio units located in the above grade parking structure of the building, which will be accessed across the drive isle. Optional parking was sold for $75,000.

“It felt like Black Friday, except it was a Saturday and we were selling condos,” said Dean Jones, President and CEO of Realogics Sotheby’s International Realty. “We welcome our newest homebuyers to NEXUS. Our sales success demonstrates the pent-up demand for efficiently-scaled and attainably-priced new condominiums in downtown Seattle.”

Jones points to anemic inventory at affordable price points in downtown Seattle. According to the Northwest Multiple Listing Service, just ten homes are currently listed for purchase below $700,000 in Seattle, which must satisfy an urban center of more than 70,000 residents. A resulting imbalance of supply and demand is evidenced by median home prices of resale condominiums surging 33-percent in October 2017 over the prior year. While 27,000 housing units are projected to deliver in downtown Seattle during the current decade, RSIR reports 94-percent of that new supply is built for rent and not for sale. Furthermore, 85-percent of the 496 new condominium units that are currently under construction with occupancy by 2020 are already presold. NEXUS is now 90-percent presold with remaining two and three-bedroom homes priced from $1.2 to $3.5 million. For more information, visit http://www.NEXUSseattle.com.

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About Realogics Sotheby’s International Realty (http://www.RSIR.com) – Artfully uniting extraordinary homes with extraordinary lives, Realogics Sotheby’s International Realty is a leading global sales and marketing brokerage firm in the Pacific Northwest. Recognized by the Puget Sound Business Journal amongst the fastest-growing private companies in Washington State for 2012, 2013, 2014, 2015 and 2016 the boutique real estate firm of 225+ brokers consistently rank among the top producing firms within the markets that it serves with branches in downtown Seattle, Bainbridge Island, Kirkland, Issaquah and Madison Park.

About Burrard Group (http://www.Burrard.com) – The Burrard Group has been consistently creating quality residential communities for 25 years, and has built a diverse portfolio of master-planned communities, multi-family developments, high-end single-family residences and resort lodging properties throughout Pacific Rim gateway markets. In 2016, Burrard Group established offices in Seattle.

EDITOR’S NOTE: Property photos, event video and additional market statistics are available upon request.

Read the full story at http://www.prweb.com/releases/2017/11/prweb14941795.htm