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Tesco took another step in its turnround efforts, announcing the sale of its 209-store opticians business to Vision Express.
News of the sale comes a week after the retailer announced its first full-year increase in UK like-for-like sales in seven years, although profits were dented by its record payment to the Financial Conduct Authority and Serious Fraud Office in relation to its 2014 accounting scandal.
Tesco Opticians employs 1,500 people across 206 stores across the UK and three in the Republic of Ireland.
Matt Davies, who heads Tesco’s UK and Ireland business*, 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.
*This post has been updated to reflect that Matt Davies is chief executive of Tesco’s UK and Ireland business.