Pearle Vision

It was founded in 1961 by Stanley Pearle, an optometrist in Savannah, Georgia, United States. In 1971, Pearle purchased a 17-store optical chain owned by Robert Hillman and Larry Kohan; together, Hillman and Kohan stayed on and helped to expand Pearle Vision nationwide.{{cite web | url= http://www.fundinguniverse.com/company-histories/pearle-vision-inc-history/ | title= Pearle Vision, Inc. History | work=Funding Universe | accessdate=January 5, 2018}} By the 1970s the chain was owned by G. D. Searle Pharmaceutical, with founder Stanley Pearle serving as a board member.{{Clarify|date=July 2020}}{{citation needed|date=January 2022}}

Stanley Pearle sold his stores to British conglomerate Grand Metropolitan in 1985. Grand Met expanded Pearle Vision to more than 1,000 locations worldwide by 1990, but profits became elusive. In 1996, Grand Met sold the Pearle stores in the United States, Canada and Puerto Rico to Cole National Corporation, which operated optical departments inside such retail stores as Sears, BJ's Wholesale Club and Target.{{cite web | url= http://case.edu/ech/articles/c/cole-national-corp/ | title= Encyclopedia of Cleveland History: Cole National Corp. | work=Case Western Reserve University | accessdate=January 5, 2018}} In 1997 Cole National bought the 150-store NuVision chain in Michigan and converted them to the Pearle Vision name.{{cite book|url=https://books.google.com/books?id=MSgcAQAAMAAJ&q=nuvision+pearle+vision |title=Standard & Poor's Creditweek - Google Books |date=2011-02-23 |accessdate=2013-08-28}} The Belgian stores were sold to GIB in Belgium and the Dutch stores to HAL Investments in the Netherlands. HAL Investments bought the Belgian stores 1 year later from GIB and merged both chains into Pearle Benelux. File:Pearle Boxmeer.JPG, Netherlands|250px|right]]

Luxottica, owner of LensCrafters, purchased Cole National in 2004, a deal that brought together the two largest eyewear retailers in the United States.{{cite news | url=https://www.wsj.com/articles/SB107510259331511463 | title= Italy's Luxottica Agrees to Pay $441 Million for Cole National |work=The Wall Street Journal | date= January 27, 2004 | accessdate=January 5, 2018}}

The Pearle chain of opticians in Europe is now part of Grandvision and has more than 1000 branches in 43 countries including the Netherlands (pearle.nl), Belgium, Germany (Apollo-Optik), Austria (pearle.at), Poland, Portugal, Italy, Finland and Estonia. For more than 40 years the company has been selling branded products and products under its own brand name.{{Citation needed|date=January 2023}}

The first Pearle Optical store in the Middle East opened in Marina Mall, Kuwait, on January 15, 2003, and currently operates 18 stores in the Middle East: 4 in Kuwait, 10 in KSA, 3 in UAE, 5 in Egypt and 1 in Qatar.

File:Pearle Vision.JPG]]

The company's operations in California are affected by consumer protection statutes designed to protect consumers from Pearle's operations with optometrists and opticians in the same store, which presents a conflict of interest under California consumer law. On June 12, 2006, the Supreme Court of California ruled that Pearle Vision could not escape the reach of those statutes, and Pearle Vision's attempts to find a loophole through the Knox-Keene Health Care Service Plan Act of 1975 were unavailing.{{cite news |last1=Bloomberg News |title=Pearle Vision Found to Violate Consumer Law |url=https://www.latimes.com/archives/la-xpm-2006-jun-13-fi-pearle13-story.html |accessdate=10 August 2020 |work=Los Angeles Times |date=13 June 2006}}[https://scholar.google.com/scholar_case?case=8845797654034142511People v. Cole], 38 Cal. 4th 964, 44 Cal. Rptr. 3d 261, 135 P.3d 669 (2006).

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• {{official website}}

{{Eyewear retailers}}

Category:Luxottica

Category:Eyewear retailers of the United States

Category:American companies established in 1961

Category:Retail companies established in 1961

Category:Franchises

Category:Eyewear retailers of Canada

Category:Eyewear companies of the United States

Category:2004 mergers and acquisitions

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