GrandVision to acquire the Italian optical retail chain “Randazzo”
GrandVision B.V., a 98.6% subsidiary of HAL, has reached an agreement to acquire 100% of the shares in Angelo Randazzo S.r.l. Randazzo 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. GrandVision already operates 183 optical retail stores in Italy under the brand name “Avanzi”, and 30 sunglass stores under the brand name “Solaris”. The completion of the transaction is subject to conditions customary for this type of transaction.
HAL Holding N.V.
December 10, 2014