Chapters
Annual Report 2018

35. Principal Subsidiaries, Joint Ventures and Associates

Company

2018

2017

Country of incorporation

La Optica S.A.

100%

100%

Argentina

Pearle Österreich GmbH

100%

100%

Austria

Grand Opticiens Belgium N.V.

100%

100%

Belgium

Fotoptica Ltda

100%

100%

Brazil

Superlente Franqueadora Ltda

100%

100%

Brazil

VE Bulgaria EOOD

100%

100%

Bulgaria

Opticas GrandVision Chile Ltda.

100%

100%

Chile

GrandVision Optical Commercial (China) Co., Ltd.

100%

100%

China

LAFAM S.A.S.

100%

100%

Colombia

GrandVision Cyprus Ltd.

100%

100%

Cyprus

Fotex Ceska Republika s.r.o.

100%

100%

Czech Republic

Synoptik A/S

63.29%

63.29%

Denmark

Instrumentarium Optika OÚ

100%

100%

Estonia

Instru Optiikka Oy

100%

100%

Finland

GrandVision France S.A.S.

100%

100%

France

Solaris S.A.S.

100%

100%

France

Apollo Optik Holding GmbH & Co KG **

100%

100%

Germany

GrandVision TechCentre Deutschland GmbH **

100%

100%

Germany

Robin Look GmbH **

100%

100%

Germany

GrandVision Hellas S.A.

100%

100%

Greece

LGL Ltd.

100%

100%

Guernsey

GrandVision Hungary Kft.

100%

100%

Hungary

Reliance-Vision Express Private Ltd*

50%

50%

India

Vision Express Ireland Ltd.

100%

100%

Ireland

GrandVision Italy Srl.

100%

100%

Italy

Corner Optique Srl.

100%

100%

Italy

GrandVision Luxembourg S.a.r.l.

100%

100%

Luxembourg

Administradora Lux, S.A de C.V.

70%

70%

Mexico

GVMV, S.A de C.V.

70%

70%

Mexico

Optica Lux, S.A de C.V.

70%

70%

Mexico

Precision Optica, S.A.

70%

70%

Mexico

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

70%

70%

Mexico

GrandOptical Monaco S.a.r.l.

100%

100%

Monaco

Solaris Monaco S.a.r.l.

100%

100%

Monaco

Brilleland AS

63.29%

63.29%

Norway

Interoptik AS

63.29%

63.29%

Norway

Topsa Peru SAC

90.31%

62.00%

Peru

Vision Express SP Sp.z.o.o.

100%

100%

Poland

GrandOptical Portugal S.A.

100%

100%

Portugal

GrandVision Portugal, Unipessoal Lda.

100%

100%

Portugal

GrandVision Supply Chain (Portugal) S.A.

100%

100%

Portugal

Solaris Portugal S.A.

100%

100%

Portugal

Lensmaster OOO

100%

100%

Russia

GrandOptical Slovakia s.r.o.

100%

100%

Slovakia

MasVision Grupo Optico S.A.

100%

100%

Spain

Solaris Gafas de Sol SL

100%

100%

Spain

Synoptik Sweden AB

63.29%

63.29%

Sweden

Visilab S.A.

70%

60%

Switzerland

Visilab Magasins S.A.

70%

60%

Switzerland

Kochoptik GmbH

70%

60%

Switzerland

Brilmij Groep B.V.

100%

100%

The Netherlands

GrandVision Finance B.V.

100%

100%

The Netherlands

GrandVision IT Services B.V.

100%

100%

The Netherlands

GrandVision Retail Holding B.V.

100%

100%

The Netherlands

GrandVision Supply Chain B.V.

100%

100%

The Netherlands

Optical Retail Group B.V.

100%

100%

The Netherlands

Atasun Optik Perakende Ticaret Anonim Şirketi

100%

100%

Turkey

GrandVision Tech Centre UK Ltd.

100%

100%

United Kingdom

Vision Express (UK) Ltd.

100%

100%

United Kingdom

For Eyes Optical Co. of California, Inc.

100%

100%

United States

For Eyes Optical Co. of Coconut Grove, Inc

100%

100%

United States

For Eyes Optical Co., Inc.

100%

100%

United States

GrandVision USA Retail Holding Corporation

100%

100%

United States

Insight Optical Manufacturing Co. of Florida, Inc.

100%

100%

United States

Tylor S.A.

100%

100%

Uruguay

* joint venture

** Apollo-Optik Holding GmbH & Co. KG (Schwabach), GrandVisionTechCentre Deutschland GmbH (Schwabach) and Robin Look GmbH (Berlin) is included in the consolidated financial statements of GrandVision N.V. and takes advantage of the exemption provisions of Section 264 b HGB and Section 264 Abs. 3 Nr. 5 HGB for financial year 2018. The statutory duty to prepare consolidated financial statements and a group management report does not apply to the subgroup of Apollo-Optik Holding GmbH & Co. KG pursuant to Section 291 HGB in conjunction with Section 1 et seqq. KonBefrV because Apollo-Optik Holding GmbH & Co. KG and its subsidiaries (GrandVision TechCentre Deutschland GmbH and Robin Look GmbH) are included in the consolidated financial statements of GrandVision N.V.

The indicated shareholding reflects the legal ownership of the shareholding by GrandVision N.V. directly or indirectly in the subsidiary and joint venture.