Annual Report 2017

Enter new markets through acquisitions or greenfields

We have a presence in over 40 countries and are always exploring ways to expand in new markets. We continuously evaluate the attractiveness of potential new markets by looking at macroeconomic factors, market growth and the local conditions for operating an optical retail chain. In 2017, GrandVision increased its shareholding in Visilab to 60%. Visilab is a leading optical retailer in Switzerland founded in 1988. It employs more than 900 people and operates 106 stores across the country. Through Visilab we have facilitated the entry of Solaris into the Swiss market in the year.


Historically, our growth was fueled by numerous acquisitions since the international investment company HAL Holding entered the optical market in 1996 by first acquiring the Dutch and Belgian operations of Pearle Vision. Eventually, they acquired the French-based multinational optical retailer GrandVision SA in 2005. In 2011, the two multi-national groups merged into a single entity named GrandVision, one company with one vision – to deliver superior eye care to more and more people around the world.