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Target Optical was founded by the Cole National Corporation in 1995 [1] in Cleveland, Ohio.In 2004, the Cole National Corporation was acquired by the Italian Luxottica S.p.A. along with other Cole National Corporation holdings such as Pearle Vision.
Pearle Vision is an American chain of eye care stores. It is one of the largest franchised optical retailers in North America. It is one of the largest franchised optical retailers in North America. The company was acquired by Luxottica (which has since merged with Essilor to form EssilorLuxottica ), [ 2 ] an Italian eyewear company, in 2004.
Luxottica acquired Pearle Vision in 2004, combining the country's two largest eyewear retailers. [15] Though most locations can still provide glasses and frames same-day, that line of business has become de-emphasized over time for the luxury market.
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Luxottica later increased its presence in the retail sector by acquiring Sydney-based OPSM in 2003, Pearle Vision and Cole National in 2004. [ 23 ] Luxottica acquired Oakley in November 2007 for US$2.1 billion.
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