Pearle on its way to the stock exchange? | RetailDetail

Pearle on its way to the stock exchange?

Pearle on its way to the stock exchange?

Investment firm HAL is looking at the options to bring its international network of opticians to the stock exchange. The most prominent chain in this network is Pearle.

2.4 billion euro

HAL is now "investigating strategic alternatives" for Grandvision, which include a possible IPO. Further information will be revealed at the presentation of HAL's half-year financial results on 28 August.

 

Grandvision, with GrandOptical as a subsidiary, has opticians in 39 countries worldwide, spread across Europe, Asia, the Middle East and Latin America. The company managed a 2.4 billion euro turnover in 2013, from 4,300 stores.

 

Pearle, founded in 1961 in the United States, has 195 stores in Belgium and is the clear market leader with 2 million customers. In the entire Benelux, the chain has 750 stores.

Questions or comments? Please feel free to contact the editors


“Urgent action needed against territorial supply constraints”

23/05/2018

(content provided by EuroCommerce) Speaking to mark the launch of the Benelux study on territorial supply constraints, EuroCommerce Director-General Christian Verschueren argued for the EU to act on big brands’ fragmentation of the European market.

Action owner 3i wants to keep chain after all

22/05/2018

Investor 3i wants to keep a hold of Action after all. Even though the owner made it seem like it was looking for a buyer, 3i now denies it.

Action owner wants to sell stake

18/05/2018

Action’s owner, investment firm 3i, aims to sell a part of the discount store chain next year. The Brits would want to sell a 35 % stake in the firm.

Belgian fund close to HEMA acquisition

09/05/2018

Belgian Core Equity holding is allegedly close to acquiring Dutch chain HEMA: a verbal agreement is apparently in place, all that is required are the signatures.

Walmart, not Amazon, will acquire Indian market leader Flipkart

07/05/2018

Despite Amazon’s attractive offer, Indian online retailer Flipkart has chosen for Walmart and (remarkably), Google owner Alphabet as the new owners of 75 % of Flipkart’s shares. The deal is said to be worth 15 billion dollar.

Alibaba's growth exceeds expectations

07/05/2018

Chinese retail group Alibaba has published better-than-expected quarterly results: turnover went through the roof, but its profit is under pressure because of increased investments.