- At a Glance
- Financial Statements
- Other Information
1. General Information
GrandVision BV (‘the Company’) was incorporated on 8 July 2010 as a private limited liability company (Besloten Vennootschap) and is incorporated and domiciled in the Netherlands. The address of its registered office is as follows: World Trade Center Schiphol Airport, Tower G, 5th floor, Schiphol Boulevard 117, 1118 BG Schiphol, the Netherlands. GrandVision BV was converted into a public limited liability company under Dutch law (Naamloze Vennootschap) on 5 February 2015.
As of 31 December 2014 GrandVision is 98.57% owned by HAL Optical Investments B.V. The remaining shares are held by the Management Board and certain members of senior management of GrandVision. The ultimate controlling entity is HAL Holding NV. All HAL Holding NV shares are held by HAL Trust and form the Trust’s entire assets. HAL Trust units are listed on Euronext Amsterdam. Following the IPO on 6 February 2015 the ownership of HAL reduced to 76.72% (per publication date of these consolidated financial statements).
GrandVision and its subsidiaries (together referred to as ‘the Group’) comprise a number of optical retail chains operated under different retail banners. As of 31 December 2014, the Group, including its associates, operates 5,814 optical retail stores (including franchise stores) in Argentina, Austria, Bahrain, Belgium, Brazil, Bulgaria, Chile, China, Colombia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, India, Ireland, Italy, Kuwait, Luxembourg, Malta, Mexico, Monaco, Norway, Oman, Peru, Poland, Portugal, Russia, Qatar, Saudi Arabia, Slovakia, Spain, Sweden, Switzerland, the Netherlands, the United Arab Emirates, Turkey, the United Kingdom and Uruguay. An overview of the main subsidiaries can be found in note 37. At year-end 2014 the average number of employees measured in full-time equivalents within the Group (excluding associates) was 25,776.