GrandVision Seeks a Deal with Reliance

November 12, 2007	(Be the first to rate this story!)  Loading ...
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Vision Express, part of Europe’s largest optical retail group GrandVision is in discussion with Reliance Retail for an exclusive distribution agreement. Vision Express is also planning to set up distribution centres in India, to supply to Reliance stores.

Whereas, Reliance Retail’s president & CEO in charge of operations and strategy, Raghu Pillai, said that, he is not aware of this and it’s not true.

Reliance currently has over 300 stores and has further expansion plans on a large scale. A tie up will definitely give Vision Express a wide footprint in India.

The UK-based “Vision express” is known to have pioneered the concept of providing custom-made spectacles within one hour to its customers. Its stores offer eye-exams, are equipped with laboratories, and sell contact lens, sunglasses and accessories, apart from prescription eyewear.

According to experts “The Indian eyecare market is highly under-penetrated and the requirement for quality services and product is huge. At present the industry is dominated by unorganized segments.”

Globally, Vision Express has around 220 stores in UK and Ireland and revenue of $392 million. Its parent company, GrandVision, is headquartered in Paris and operates over 550 optical retail outlets in 11 countries, primarily mainly in France, Ireland, Italy, and the UK.

News Published Under:   Retail Market in India |

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