Pearle Vision is one of several gems in the collection of eyewear stores held by Luxottica Retail, which also operates the larger LensCrafters and Sunglass Hut chains. Pearle Vision's retail outlets offer eye exams, glasses, sunglasses, contact lenses, and optical accessories. Its 765 locations (down from 880 in 2007) are mostly located in strip malls in the US, Canada, Puerto Rico, and the Caribbean are split between company-owned stores and franchises owned by doctors, opticians, and investors. (An unrelated company, Pearle Europe, uses the brand in other countries.) Established by Dr. Stanley Pearle in 1961, Pearle Vision is owned by the world's biggest eyewear producer Italy's Luxottica Group.