Tesco to Sell Opticians Business to Vision Express for Undisclosed Sum
19 April 2017 - 9:30AM
Dow Jones News
By Razak Musah Baba
LONDON--Tesco PLC (TSCO.LN) Wednesday said it has sold its
opticians business in the U.K. and Republic of Ireland to Vision
Express, a move the supermarket chain said will help simplify its
business.
Tesco said the opticians business currently operates online and
in 206 stores across the U.K. and three stores in the Republic of
Ireland. It employs 1,500 people.
No financial details were disclosed.
The disposal is subject to regulatory approval by the
Competition and Markets Authority in the U.K.
Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
April 19, 2017 03:15 ET (07:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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