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Pearle Vision is an American chain of eye care stores. It is one of the largest franchised optical retailers in North America. It is one of the largest franchised optical retailers in North America. The company was acquired by Luxottica (which has since merged with Essilor to form EssilorLuxottica ), [ 2 ] an Italian eyewear company, in 2004.
EssilorLuxottica acquired a 75% stake in the Dutch opticians group GrandVision, which owns Vision Express in the UK and For Eyes in the US, in 2019 for €28 per share, which would value the entirety of GrandVision at Euro 7.2 billion. [20] Del Vecchio died in June 2022, leaving $350 million in shares to Milleri. [21] [22]
Target Optical was founded by the Cole National Corporation in 1995 [1] in Cleveland, Ohio.In 2004, the Cole National Corporation was acquired by the Italian Luxottica S.p.A. along with other Cole National Corporation holdings such as Pearle Vision.
Grand Vision acquired Vision Express in 1997. The French parent company Grand Vision has clinics under various brands across Europe, and the rest of the world. Under franchise agreement there is a strong Vision Express brand present also in Latvian and Lithuanian markets.
Luxottica also owns EyeMed Vision Care, a managed vision care organization in the United States. [46] As of 2014, it is the second-largest vision benefits company in the United States. [ 47 ] [ 48 ] [ 49 ]
Luxottica acquired Pearle Vision in 2004, combining the country's two largest eyewear retailers. [15] Though most locations can still provide glasses and frames same-day, that line of business has become de-emphasized over time for the luxury market.
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