Annual Report 2017

39. Principal Subsidiaries, Joint Ventures and Associates

Company

2017

2016

Country of incorporation

La Optica S.A.

100%

100%

Argentina

Pearle Österreich GmbH

100%

100%

Austria

Grand Opticiens Belgium N.V.

100%

100%

Belgium

Fotoptica Ltda

100%

100%

Brazil

Superlente Franqueadora Ltda

100%

100%

Brazil

VE Bulgaria EOOD

100%

100%

Bulgaria

Opticas GrandVision Chile Ltda.

100%

100%

Chile

GrandVision Optical Commercial (China) Co., Ltd.

100%

100%

China

LAFAM S.A.S.

100%

100%

Colombia

GrandVision Cyprus Ltd.

100%

100%

Cyprus

Fotex Ceska Republika s.r.o.

100%

100%

Czech Republic

Synoptik A/S

63.29%

63.29%

Denmark

Instrumentarium Optika OÚ

100%

100%

Estonia

Instru Optiikka Oy

100%

100%

Finland

GrandVision France S.A.S.

100%

100%

France

Solaris S.A.S.

100%

100%

France

Apollo Optik Holding GmbH & Co KG

100%

100%

Germany

GrandVision TechCentre Deutschland GmbH

100%

100%

Germany

Robin Look GmbH

100%

100%

Germany

GrandVision Hellas S.A.

100%

100%

Greece

LGL Ltd.

100%

100%

Guernsey

GrandVision Hungary Kft.

100%

100%

Hungary

Reliance-Vision Express Private Ltd**

50%

50%

India

Vision Express Ireland Ltd.

100%

100%

Ireland

Corner Optique Srl.

100%

100%

Italy

GrandVision Italy Srl.

100%

100%

Italy

GrandVision Luxembourg S.a.r.l.

100%

100%

Luxembourg

Administradora Lux, S.A de C.V.

70%

70%

Mexico

GVMV, S.A de C.V.

70%

70%

Mexico

Optica Lux, S.A de C.V.

70%

70%

Mexico

Precision Optica, S.A.

70%

70%

Mexico

Tide Ti, S.A. de C.V.

70%

70%

Mexico

GrandOptical Monaco S.ar.l.

100%

100%

Monaco

Solaris Monaco S.a.r.l.

100%

100%

Monaco

Brilleland AS

63.29%

63.29%

Norway

Interoptik AS

63.29%

63.29%

Norway

Topsa Peru SAC

62%

62%

Peru

Vision Express SP Sp.z.o.o.

100%

100%

Poland

GrandOptical Portugal S.A.

100%

100%

Portugal

GrandVision Portugal, Unipessoal Lda.

100%

100%

Portugal

GrandVision Supply Chain (Portugal) S.A.

100%

100%

Portugal

Solaris Portugal S.A.

100%

100%

Portugal

Lensmaster OOO

100%

100%

Russia

GrandOptical Slovakia s.r.o.

100%

100%

Slovakia

MasVision Grupo Optico S.A.

100%

100%

Spain

Solaris Gafas de Sol SL

100%

100%

Spain

Synoptik Sweden AB

63.29%

63.29%

Sweden

Visilab S.A.*

60%

30.19%

Switzerland

Visilab Magasins S.A.*

60%

30.19%

Switzerland

Kochoptik GmbH*

60%

30.19%

Switzerland

Brilmij Groep B.V.

100%

100%

The Netherlands

GrandVision Finance B.V.

100%

100%

The Netherlands

GrandVision IT Services B.V.

100%

100%

The Netherlands

GrandVision Retail Holding B.V.

100%

100%

The Netherlands

GrandVision Supply Chain B.V.

100%

100%

The Netherlands

Optical Retail Group B.V.

100%

100%

The Netherlands

Atasun Optik Perakende Ticaret Anonim Şirketi

100%

100%

Turkey

GrandVision Tech Centre UK Ltd.

100%

100%

United Kingdom

Vision Express (UK) Ltd.

100%

100%

United Kingdom

For Eyes Optical Co. of California, Inc.

100%

100%

United States

For Eyes Optical Co. of Coconut Grove, Inc

100%

100%

United States

For Eyes Optical Co., Inc.

100%

100%

United States

GrandVision USA Retail Holding Corporation

100%

100%

United States

Insight Optical Manufacturing Co. of Florida, Inc.

100%

100%

United States

Tylor S.A.

100%

100%

Uruguay

* In October 2017, GrandVision increased its shareholding and obtained control of Visilab S.A., which resulted in Visilab S.A. becoming a subsidiary of GrandVision. Before the transaction, Visilab S.A. was an associate of GrandVision.

** joint venture

The indicated shareholding reflects the legal ownership of the shareholding by GrandVision N.V. directly or indirectly in the subsidiary, joint venture and associate.