Reliance, Pearle Europe plan for 700 eyewear chain stores

Reliance Retail Ltd (RRL) and partner Pearle Europe plan to open up to 700 stores of their eyewear retail chain ‘Vision Express’ across India in the next seven to eight years. Vision Express is an equal joint venture (JV) between RRL and Pearle Europe, the biggest optical retail group in Europe. The JV presently operates 41 stores across major cities in the country. Vision Express will continue to open company-owned stores with an average floor space of 800-900 sq ft and the opening of the ‘Vision Express’ stores will be a big business opportunity for signage players like in-store media companies and signage suppliers.