GrandVision buys American chain | RetailDetail

GrandVision buys American chain

GrandVision buys American chain

Optics company GrandVision, known as the owner of Pearle, has acquired the American chain For Eyes, which has 116 stores in the United States' largest cities.

116 stores

GrandVision announced the news itself, with disclosing the full amount of the acquisition. It is the first move the company makes in the United States and For Eyes will add some 100 million dollars (90 million euro) turnover to GrandVision's turnover, which already reached 2.8 billion euro in 2014.

 

The optics group launched its IPO on the Amsterdam stock exchange at the start of this year, with nearly a quarter of its shares, which were valued at more than 1 billion euro. GrandVision has more than 5,600 stores worldwide, located in 43 countries. The investment firm HAL has a majority stake in the company.

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