AMSTERDAM, April 19 Dutch eyeglass store
operator Grandvision said on Wednesday it will acquire
Tesco's chain of more than 200 opticians.
The deal will increase the number of stores Grandvision
operates in the United Kingdom and Ireland to nearly 600, the
Dutch company said in a statement.
Tesco Opticians employs more than 1,500 people and had
revenues of approximately 90 million pounds ($116 million) in
2016. No financial details of the transaction were disclosed.
The deal is expected to be completed in 2017 pending
regulatory approval, said Grandvision, which also owns the
Vision Express and GrandOptical chains.
($1 = 0.7789 pounds)
(Reporting By Anthony Deutsch; Editing by Susan Fenton)