Grandvision: Acquisition of For Eyes chain – Welcome to the US!

BUY, Fair Value EUR27,5 (+19%)
News published on October Tuesday 6, 2015
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Yesterday GrandVision announced the acquisition of the US based optical retail chain For Eyes (sales of ~USD100m, 116 own stores). This surprising strategic decision (we would have rather expected deals in emerging markets) is very coherent with the group’s positioning since ~76% of U.S optical market remains in the mass and value segments but GrandVision will now compete with major players like Luxottica and Wal-Mart.

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