39. Principal Subsidiaries, Joint Ventures and Associates

Company

2015

2014

Country of incorporation

MasVision Latinoamerica Argentina S.A.

100%

100%

Argentina

Pearle Österreich GmbH

100%

100%

Austria

Grand Opticiens Belgium N.V.

100%

100%

Belgium

Fototica 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

GrandVision Shanghai Co. Ltd

100%

100%

China

Shanghai Red Star Optical Co. Ltd

100%

78%

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 Group Franchise S.A.S.

100%

100%

France

Solaris S.A.S.

100%

100%

France

Apollo Optik Holding GmbH & Co KG

100%

100%

Germany

Robin Look GmbH

100%

100%

Germany

GrandVision Hellas S.A.

100%

100%

Greece

LGL Ltd.

100%

100%

Guernsey

GrandVision Hungaryi Kft.

100%

100%

Hungary

Reliance-Vision Express Private Ltd**

50%

50%

India

Reliance-GrandVision India Supply Private Ltd**

50%

50%

India

Angelo Randazzo S.r.l.

100%

100%

Italy

Avanzi Holding Srl.

100%

100%

Italy

GrandVision Luxembourg S.a.r.l.

100%

100%

Luxembourg

Grupo Óptico Lux, S.A. de C.V.

70%

70%

Mexico

GVMV S.A. de C.V.

70%

70%

Mexico

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

70%

70%

Mexico

Brilleland AS

63.29%

63.29%

Norway

Interoptik AS

63.29%

63.29%

Norway

Topsa Holding SA

62%

62%

Peru

Vision Express SP Sp.z.o.o.

100%

100%

Poland

GrandVision Portugal Unipessoal, Lda

100%

100%

Portugal

Lensmaster OOO

100%

100%

Russia

GrandOptical Slovakia s.r.o

100%

100%

Slovakia

Masvision Grupo Optico S.A.

100%

100%

Spain

Synoptik Sweden AB

63.29%

63.29%

Sweden

Visilab S.A.*

30.19%

30.19%

Switzerland

Brilmij Groep B.V.

100%

100%

The Netherlands

GrandVision Finance B.V.

100%

100%

The Netherlands

GrandVision Group Holding 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 Sanayi ve Ticaret Limited Şirketi

100%

100%

Turkey

Vision Express Ltd.

100%

100%

United Kingdom

MasVision Latinoamerica Uruguay S.A.

100%

100%

Uruguay

For Eyes Optical Company

100%

-

United States

GrandVision USA, Inc.

100%

-

United States

* associate
** joint venture

The indicated shareholding reflects the ownership of the shareholding by GrandVision NV directly or indirectly in the subsidiary, joint venture and associate.