1. News
January 29, 2019

GrandVision buys online optical retailer Charlie Temple

Netherlands-based optical retailer GrandVision has announced the acquisition of 100% interest in online store Charlie Temple for an undisclosed price. 

Netherlands-based optical retailer GrandVision has announced the acquisition of 100% interest in online store Charlie Temple for an undisclosed price.

Established in 2016, Charlie Temple currently has operations in Netherlands and Belgium.

The company offers spectacles with a single vision and multifocal lenses, along with a next-day delivery service to customers.

GrandVision CEO Stephan Borchert said: “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.

“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 much faster.”

“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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In addition, the online retailer will take advantage of the local and global synergies offered by GrandVision to operate as an independent business.

The online retailer’s founder and CEO Leon Planken will lead its management team, which will remain unchanged.

Planken said: “The support of an international organization will allow Charlie Temple to accelerate its growth. At the same time, the company will continue its business as an independent brand, executing on its existing strategy and preserving its own identity.”

GrandVision currently operates around 7,000 stores in 40 countries across Europe, the Americas, the Middle East and Asia with more than 36,000 employees.