M&A Deal Summary

GrandVision Acquires For Eyes Optical

On October 5, 2015, GrandVision acquired retailer For Eyes Optical

Acquisition Highlights
  • This is GrandVision’s 7th transaction in the Retail sector.
  • This is GrandVision’s 1st transaction in the United States.
  • This is GrandVision’s 1st transaction in Florida.

M&A Deal Summary

Date 2015-10-05
Target For Eyes Optical
Sector Retail
Buyer(s) GrandVision
Deal Type Add-on Acquisition

Target

For Eyes Optical

Hialeah, Florida, United States
For Eyes Optical Co. Inc. operates through a network of 116 owned stores. These are located mostly in the metropolitan areas of Chicago, Washington DC and Philadelphia, as well as in Florida and California.

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Buyer(S) 1

Buyer

GrandVision

Schiphol, Netherlands

Category Company
Founded 1891
Sector Retail
Employees32,609
Revenue 3.5B EUR (2020)
DESCRIPTION

GrandVision is a provider in optical retailing and delivers high quality and affordable eye care to more and more customers around the world. GrandVision includes a wide range of services provided by its vision experts, prescription glasses including frames and lenses, contact lenses and contact lens care products, and sunglasses both plain and with prescription lenses. GrandVision was incorporated in 1891 and is based in Schiphol, the Netherlands.


DEAL STATS #
Overall 7 of 11
Sector (Retail) 7 of 9
Type (Add-on Acquisition) 6 of 10
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Angelo Randazzo Srl

Palermo, Italy

Angelo Randazzo Srl operates 101 optical retail stores in Italy under the brand name “Optissimo” and 89 points of sale in supermarkets. Randazzo reported 2013 revenues of € 105 million and has approximately 1,000 employees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 Visilab S.A.

Meyrin, Switzerland

Visilab S.A. is a retailer of optical products including eyeglasses, sunglasses, lenses and accessories. Visilab S.A. was established in 1988 and is based in Meyrin, Switzerland.

Buy -