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Announced

GrandVision acquired Charlie Temple.

Synopsis

GrandVision, a global leader in optical retailing, acquired Charlie Temple, the leading online optical retailer in the Benelux. Charlie Temple, which started operating in 2016, has grown to become the leading online spectacles retailer in the Netherlands and Belgium. Its business model focuses on offering quality spectacles with single vision and multifocal lenses at competitive prices and next-day delivery. Financial terms were not disclosed. "We are very pleased to team up with Charlie Temple, an exciting and innovative player in the online spectacles segment" said Stephan Borchert, GrandVision's CEO. "This acquisition is an important step in our digital roadmap and will enable us to build a stronger presence in this segment of the online market at a much faster pace. Charlie Temple is a logical and highly compatible addition to our existing business in the Benelux and will serve as a platform for international expansion in the pureplay online spectacles segment. Charlie Temple fits perfectly in our commercial strategy of providing high quality eyewear at affordable prices."

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