GrandVision spies opportunity with Tesco Opticians deal
April 20, 2017
Specialty Retail | Welwyn Garden City, UK | Corporate Acquisition
Dutch eyewear retailer GrandVision (AEX: GVNV) has acquired Tesco's (LON: TSCO) opticians business through its UK arm, Vision Express. The deal sees Vision Express add Tesco Opticians' 209 stores across the UK and Ireland, increasing its total to 598. In October, Tesco announced it had reduced net debt by £800 million by divesting other business units.