AMSTERDAM— HAL Holding NV (HAL), an investment firm based in Curacao and Monaco, said it is preparing an initial public offering of its Dutch optical retail business GrandVision. At the end of 2013, GrandVision operated more than 4,904 own, franchise or associate stores in 41 countries across Europe, Latin America, Middle East and Asia.

HAL plans to sell 20 percent to 25 percent of GrandVision B.V. at the earliest by the end of November, according to a statement. The company will list shares on the Euronext Amsterdam exchange “depending among other things on conditions in the financial markets,” it said.

HAL’s optical retail business had revenue of about 2.8 billion euros in 2013 and operating income of 248 million euros, according to the website of GrandVision.

GrandVision B.V. is the result of the merger of Pearle Europe B.V. and GrandVision S.A. in January 2011, both owned by HAL Holding and combined to form the new parent company.

Pearle Europe B.V. came into being in November 1996 with the acquisition of Pearle Netherlands from U.S.-based Pearle Vision Inc. By acquiring strong local retailers, the Pearle Europe Group has entered new markets almost every year since. This expansion has also included countries in Latin America and Asia. GrandVision S.A. was launched in France in 1989 through the creation of a new brand called GrandOptical. In the early 1990s, GrandVision S.A. then continued to introduce new brands bringing strong international expansion.

HAL has had an interest in optical retail since the launch of Pearle Europe B.V. in 1996.

In an announcement earlier in August, HAL said that it will make a change in its senior board management. M.F. Groot will succeed Van Der Vorm as chairman of the executive board; Van Der Vorm is stepping down after 21 years in the chairman role. Groot has been with the company for 25 years and served on the board since 2003. Van Der Vorm will become vice chairman of the supervisory board of the group. That will take place at an extraordinary shareholders meeting, where two additional board members will be elected, on Sept. 22.