GrandVision enters into agreement to acquire U.S. based optical retail chain For Eyes

Schiphol, the Netherlands - 5 October 2015.  GrandVision NV (EURONEXT: GVNV), the global leader in optical retail, has signed a binding agreement to acquire 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.

The closing of the transaction, which is subject to customary conditions, is expected to take place in the fourth quarter of 2015. The financial terms of this transaction have not been disclosed.