Tesco selling optician business to Vision Express

Wed, 19 Apr 2017 | BUSINESS SALE

Tesco is to sell its in-store optician business to Vision Express in a deal expected to complete this year.

The supermarket chain has 206 optical outlets in the UK, three in Ireland as well as an online operation. Financial terms were not disclosed.

Tesco, which opened its first opticians in Peterborough in 1998, said around 1,500 staff will transfer over to Vision Express under Tupe legislation following a consultation.

The deal will increase Vision Express’s outlets to 598.

Tesco said the deal will “simplify and strengthen” its UK business. Its opticians business posted revenues of around £90 million in 2016.

Matt Davies, Tesco’s UK and Ireland CEO, said: “This allows us to further simplify and strengthen our UK business and ensures our customers are still able to enjoy high quality eye care services from Vision Express in our larger stores.

“Our priority now is to work with our colleagues and support them through this change.”

Vision Express CEO Jonathan Lawson said “This is a really exciting time for Vision Express and provides us with the opportunity to invest in the future of the nation’s eye health by extending our reach even further across the UK.

“With two million people in our country living with preventable sight loss, this expansion will help us continue to increase awareness of the importance of taking vision seriously.”

The sale is subject to approval by the UK Competition and Markets Authority.

Find medical and educational businesses for sale.


Share this article



Latest Businesses for Sale

Provider of Home Care
Yorkshire and the Humber, UK

Offers a variety of services including domestic assistance, medication administration, companionship and palliative care, as part of a 24/7 service. Care Quality Commission with a rating of ‘Good’ in all domains. Contractually provides its services t...

Asking Price: Offers Invited
Turnover: £1,300,000

LEASEHOLD


Fast Food Chain Restaurant
UK Wide

Currently operates from a number of restaurants, all of which are situated in prominent trading locations and benefit from high levels of footfall. Long-standing brand with a multitude of excellent reviews online. All dishes are prepared in store by...

Asking Price: Offers Invited
Turnover: £6,100,000

FREEHOLD


Landscaping & Maintenance Services
Midlands, UK Wide

Specialises in commercial landscaping, maintenance, restoration and ecology services. Has won multiple awards throughout its time in operation. Embraces works of all sizes and complexities, undertaking a diverse range of projects and working to ensur...

Asking Price: Offers Invited
Turnover: £602,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
09
 
Dec
 

Scunthorpe construction group call in administrators | ADMINISTRATION

Scunthorpe-based Clugston Group and Clugston Construction ha...

 
06
 
Dec
 

KPMG agrees to sell pensions arm | DIVISION SALE

Professional services network KPMG has announced that it has...

 
05
 
Dec
 

What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS

Private business mergers and acquisitions expert Sue Green o...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
Mar
 

Outsourcing giant plans £700m asset sale | DIVISION SALE

One of the country’s largest outsourcing players, Capi...

 
27
 
Jan
 

Tesco acquires Budgens and Londis owner Booker for £3.7bn | BUSINESS SALE

UK supermarket giant Tesco is to buy food wholesaler and con...

 
20
 
Jun
 

Tesco speculated to be selling coffee shop chain Harris + Hoole | DIVISION SALE

With the sale of the Dobbies Garden Centres chain announced ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources