GrandVision completes acquisition of U.S. based optical retail chain For Eyes

Schiphol, the Netherlands - 1 December 2015. GrandVision NV (EURONEXT: GVNV), the global leader in optical retailing, has completed the acquisition of 100% of the shares in the U.S. based optical retail chain For Eyes.

For Eyes was founded in 1972, employs approximately 1,000 people and operates through a network of 116 own stores. These are located mostly in the metropolitan areas of Chicago, Washington DC and Philadelphia, as well as in Florida and California. The revenue in 2014 was approx. 100 million USD.
For Eyes operates one of the largest integrated US based optical retailing networks.

GrandVision will report the newly acquired US business in the "Americas and Asia" segment (currently "Latin America and Asia").