Latest News GrandVision to Enter U.S. Market Via Acquisition Deal With For Eyes Optical By Staff Monday, October 5, 2015 7:30 AM NEW YORK and SCHIPHOL, The Netherlands—GrandVision NV (EURONEXT: GVNV), the largest global operator in optical retail, will enter the U.S. market via the acquisition of For Eyes Optical, the optical chain. Terms of the pending transaction were not disclosed. The deal is expected to close in the fourth quarter of this year.In a statement this morning, GrandVision said it had signed a binding agreement, “wherein GrandVision would acquire the U.S.-based optical retail chain as well as its related entities.” For Eyes Optical, founded in 1972, employs approximately 1,000 people and operates through a network of 116 owned stores. Headquartered in Hialeah, Fla., For Eyes retail stores are located mostly in metropolitan areas including Chicago, Washington D.C. and Philadelphia as well as in Florida and California. The company owns and operates a full service integrated laboratory in Florida.A spokesperson for GrandVision said this morning that the company “preferred no additional comment at this time, as the transaction as not yet closed,” in response to questions from VMail about the future operation or overseeing of For Eyes or about the group’s longer-term intentions in the U.S. market.GrandVision has over 5,800 stores around the world and is currently present in 43 countries across Europe, Latin America and Asia. The stores operate under 33 local retail banners and include Apollo-Optik in Germany, Pearle in the Netherlands, Belgium and Austria, Eye Wish Opticiens in the Netherlands, Générale d’Optique and GrandOptical in France, Vision Express and Lenstore.co.uk in the United Kingdom and Ópticas Lux and Masvisión in Mexico. GrandVision reported €2.8 billion in revenue in 2014.HPC Puckett & Company and the law firm of Ackerman, LLC represented For Eyes Optical in the transaction, which is subject to customary consents, a statement said.