Reliance Retail is planning to roll out the first outlet of its optical chain store Vision Express in Bangalore, under a joint venture with Pearle Europe, by September this year. The first store will be launched in Bangalore. Earlier, Reliance Retail had announced that the optical chain would comprise independent stores and stores within Reliance Retail''s other formats such as Hypermart, Super and Wellness.
The new entity would bring world class retail optical stores to India, with a range of private label frames, lenses, sunglasses, contact lenses and solutions. Pearle Europe is a subsidiary of HAL Investments, the European investment subsidiary of HAL Holding NV, an international investment company based in the Netherlands Antilles. It operates 2,200 optical retail stores in 21 countries across Europe and the Middle East. HAL Investments also owns a number of optical retail chains in emerging markets, such as China, Russia, Turkey and Brazil.
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