Eyewear retail giant GrandVision plans Amsterdam IPO

pearle grandvisionEyewear retail group GrandVision plans to launch on the Amsterdam stock exchange, the company said in a statement.

GrandVision is owned by Dutch private equity group Hal Holding and has 5,600 outlets in 43 countries. Its brands include Apollo-Optik in Germany, Générale d’Optique and GrandOptical in France, Pearle in the Netherlands, Belgium and Austria and Eye Wish in the Netherlands.

The IPO will involve the sale of 20-25% of the shares held by GrandVision’s founding shareholder HAL Optical Investments, an indirect subsidiary of HAL Holding.

GrandVision booked turnover of €2.1bn in the first nine months of 2014. According to information quoted by the Financial Times, the global eyecare market was worth €88bn in 2014 and is poised to grow 6.5% a year for the next five years.

GrandVision is the second company to announce plans for an Amsterdam IPO so far this year. Last week, drinks maker Lucas Bols said it hoped to raise €125m.

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