37. Principal Subsidiaries, Joint Ventures and Associates

Company

2014

2013

Country of incorporation

Pearle Österreich GmbH

100.00%

100.00%

Austria

Grand Opticiens Belgium N.V.

100.00%

100.00%

Belgium

VE Bulgaria EOOD

100.00%

100.00%

Bulgaria

Contysco Optics Limited

100.00%

100.00%

Cyprus

GrandVision Cyprus Ltd.

100.00%

100.00%

Cyprus

Nordman Investments Ltd.

100.00%

100.00%

Cyprus

Fotex Ceska Republika s.r.o.

100.00%

100.00%

Czech Republic

Synoptik A/S

63.29%

63.29%

Denmark

Synoptik Nuuk ApS

63.29%

63.29%

Denmark

Instrumentarium Optika OÚ

100.00%

100.00%

Estonia

Instru optiikka Oy

100.00%

100.00%

Finland

GrandVision France S.A.S.

100.00%

100.00%

France

GrandVision S.A.

100.00%

100.00%

France

Solaris Group Franchise S.A.S.

100.00%

100.00%

France

Solaris S.A.S.

100.00%

99.90%

France

Apollo-Optik Beteiligungs GmbH

100.00%

100.00%

Germany

Apollo Optik Holding GmbH & Co KG

100.00%

100.00%

Germany

Apollo Optik GmbH

100.00%

100.00%

Germany

Eyetitude GmbH

100.00%

Germany

Pearle Scandinavia GmbH

100.00%

100.00%

Germany

Robin Look GmbH

100.00%

Germany

GrandVision Hellas S.A.

100.00%

100.00%

Greece

F.O. Optikai és Fotocikk Kereskedelmi Kft.

100.00%

100.00%

Hungary

Unio-Optika Kft.

100.00%

100.00%

Hungary

Abbeyfield Vision Express Ireland Ltd.

100.00%

100.00%

Ireland

Pearle Opticians Ireland Limited

100.00%

100.00%

Ireland

Vision Express Ireland Ltd.

100.00%

100.00%

Ireland

Angelo Randazzo S.r.l.

100.00%

Italy

Avanzi Holding Srl.

100.00%

98.67%

Italy

Corner Optique S.R.L.

100.00%

Italy

Brilmij Jersey Ltd.

100.00%

100.00%

Jersey (Channel Islands)

iWear Direct Limited

100.00%

100.00%

Jersey (Channel Islands)

LGL Ltd.

100.00%

100.00%

Jersey (Channel Islands)

GrandVision Luxembourg S.A.R.L.

100.00%

100.00%

Luxembourg

GrandOptical Monaco S.A.R.L.

98.00%

98.00%

Monaco

Solaris Monaco S.A.R.L.

100.00%

99.90%

Monaco

Brilleland AS

63.29%

63.29%

Norway

Interoptik AS

63.29%

63.29%

Norway

Synoptik Norge AS

63.29%

63.29%

Norway

Vision Express SP Sp.z.o.o.

100.00%

100.00%

Poland

GrandOptical Portugal S.A.

100.00%

100.00%

Portugal

GrandVision Portugal Unipessoal, Lda

100.00%

100.00%

Portugal

GrandVision Supply Chain (Portugal) S.A.

100.00%

100.00%

Portugal

Solaris Portugal S.A.

100.00%

99.90%

Portugal

GrandOptical Slovakia s.r.o

100.00%

100.00%

Slovakia

MasVision Franquiciador S.L.

99.90%

99.90%

Spain

Masvision Grupo Optico S.A.

100.00%

100.00%

Spain

Solaris Gafas de sol S.L.

100.00%

99.90%

Spain

Synoptik Sweden AB

63.29%

63.29%

Sweden

GrandVision Retail Management S.A.

98.00%

98.00%

Switzerland

Visilab S.A.*

30.19%

30.19%

Switzerland

Brilmij Groep B.V.

100.00%

100%

The Netherlands

Central Vision II B.V.

100.00%

100.00%

The Netherlands

GrandVision Argentina & Uruguay B.V.

100.00%

100.00%

The Netherlands

GrandVision Baltics B.V.

100.00%

100.00%

The Netherlands

GrandVision Benelux B.V.

100.00%

100.00%

The Netherlands

GrandVision Brazil B.V.

100.00%

100.00%

The Netherlands

GrandVision Central Europe B.V.

100.00%

100.00%

The Netherlands

GrandVision Chile B.V.

100.00%

100.00%

The Netherlands

GrandVision Colombia B.V.

100.00%

100.00%

The Netherlands

GrandVision Finance B.V.

100.00%

100.00%

The Netherlands

GrandVision Finland B.V.

100.00%

100.00%

The Netherlands

GrandVision Group Holding B.V.

100.00%

99.99%

The Netherlands

GrandVision India B.V.

100.00%

100.00%

The Netherlands

GrandVision IT Services B.V.

100.00%

100.00%

The Netherlands

GrandVision Italy B.V.

100.00%

100.00%

The Netherlands

GrandVision Latam B.V.

100.00%

100.00%

The Netherlands

GrandVision Mexico B.V.

100.00%

100.00%

The Netherlands

GrandVision Middle East & Asia B.V.

100.00%

100.00%

The Netherlands

GrandVision Northern Europe B.V.

100.00%

100.00%

The Netherlands

GrandVision Peru B.V.

100.00%

100.00%

The Netherlands

GrandVision Portugal B.V.

100.00%

100.00%

The Netherlands

GrandVision Retail Holding B.V.

100.00%

100.00%

The Netherlands

GrandVision Supply Chain B.V.

100.00%

100.00%

The Netherlands

GrandVision Turkey B.V.

100.00%

The Netherlands

HAL Investments Asia B.V.

100.00%

The Netherlands

Optical Retail Group B.V.

100.00%

100.00%

The Netherlands

Pearle Scandinavia B.V.

100.00%

100.00%

The Netherlands

The Vision Factory B.V.

100.00%

100.00%

The Netherlands

Vision Express Middle East B.V.

100.00%

100.00%

The Netherlands

Abbeyfield Vision Express Ltd.

100.00%

100.00%

UK

Central Lab VE Ltd.

100.00%

100.00%

UK

UK EFS Ltd

100.00%

100.00%

UK

Vision Express (CLS) Ltd.

100.00%

100.00%

UK

Vision Express (UK) Ltd.

100.00%

100.00%

UK

Vision Express Group Ltd.

100.00%

100.00%

UK

Vision Express Joint Ventures Limited

100.00%

100.00%

UK

Vision Express Limited

100.00%

100.00%

UK

VS Optics Ltd.

100.00%

100.00%

UK

La Óptica SA

100.00%

100.00%

Argentina

MasVision Latinoamerica Argentina S.A.

100.00%

100.00%

Argentina

Fabrica de Oculos Ltda

100.00%

100.00%

Brazil

Fototica Ltda

100.00%

100.00%

Brazil

GrandVision Latam Servicos de Consultoria LTDA

100.00%

100.00%

Brazil

Superlente Comércio de Lentes e Óculos Ltda

100.00%

100.00%

Brazil

Chile Holding Optico S.A.

100.00%

100.00%

Chile

Opticas GrandVision Chile Ltda.

100.00%

100.00%

Chile

LAFAM S.A.S.

100.00%

100.00%

Colombia

Topsa Productos Opticos Colombia S.A.S.

62.00%

Colombia

Administradora Lux S.A. de C.V.

70.00%

70.00%

Mexico

Comercializadora Lux S.A. de C.V.

70.00%

70.00%

Mexico

Grupo Óptico Lux, S.A. de C.V.

70.00%

70.00%

Mexico

GVMV S.A. de C.V.

70.00%

70.00%

Mexico

GVSC S.A. de C.V.

70.00%

70.00%

Mexico

GVSG S.A. de C.V.

70.00%

70.00%

Mexico

ICOF S.A.

48.30%

48.30%

Mexico

Luxcientifico S.A. de C.V.

70.00%

70.00%

Mexico

Optica Lux S.A. de C.V.

70.00%

70.00%

Mexico

Precision Optica S.A. de C.V.

70.00%

70.00%

Mexico

Tide Ti, S.A. de C.V.

70.00%

70.00%

Mexico

Lentes y Tecnología del Perú S.A.C.

62.00%

Peru

Topsa Holding SA

62.00%

Peru

Topsa Productos Opticos S.A.

62.00%

Peru

Topsa Retail S.A.C.

62.00%

Peru

Alcazar S.R.L.

100.00%

100.00%

Uruguay

MasVision Latinoamerica Uruguay S.A.

100.00%

100.00%

Uruguay

GrandVision Optical Commercial (China) Co., Ltd.

100.00%

China

GrandVision Shanghai Co. Ltd

100.00%

China

Shanghai Red Star Optical Co. Ltd

78.00%

China

Reliance-Vision Express Private Ltd**

50.00%

50.00%

India

Reliance-GrandVision India Supply Private Ltd**

50.00%

50.00%

India

Lensmaster OOO

100.00%

100.00%

Russia

Atasun Optik Sanayi ve Ticaret Limited Şirketi

100.00%

Turkey

* associate
** joint venture

The indicated shareholding reflects the ownership of the shareholding by GrandVision BV directly or indirectly in the subsidiary, joint venture and associate.