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.