European slowdown for GrandVision

Vision Express parent company GrandVision has reported 4.1% growth for the whole of 2015 and fourth quarter periods.

The company, owned by HAL Investments which also owns 50% of Safilo, said growth in Europe territories had slowed by 0.7% in the fourth quarter of 2015 (0.9% for the whole of 2015), primarily due to a slowdown in Italy and northern Europe.

In the Americas and Asia segment, comparable growth was 5.6% as high single digit growth in Latin America was partially reduced by single digit decline in Russia.