MONTE CARLO—Last week, GrandVision, the 100 percent subsidiary of Pearle Europe parent HAL Holding, acquired the MasVision Group, an optical retail chain in Spain, via its subsidiary GrandOptical España.

MasVision operates 15 company-owned stores and a network of 320 franchise stores.

GrandOptical and MasVision together operate 350 stores in Spain. The 2007 combined systemwide sales of those stores was approximately €100 million.