Tesco PLC — M&A Activity 2017

Apr 19, 2017

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RNS Number : 6870C

Tesco PLC

19 April 2017

Tesco PLC (Tesco)

19 April 2017

Tesco agrees to sell opticians business to Vision Express

Tesco today announces the sale of its opticians business in the UK and Republic of Ireland to Vision Express in a move to further simplify its business and serve its shoppers better. 

Tesco Opticians currently operates in 206 stores across the UK and three stores in the Republic of Ireland, as well as online. It employs approximately 1,500 colleagues, all of whom will be covered by TUPE legislation to transfer into Vision Express following a consultation process. 

The disposal is subject to regulatory approval by the Competition and Markets Authority in the UK.

Commenting on the disposal, Matt Davies UK and ROI 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."

Enquiries:

Tesco PLC

Media	George Gordon	01707 918 701
Investor Relations	Chris Griffith	01707 912 900

Tesco PLC

Tesco House

Shire Park

Kestrel Way

Welwyn Garden City

Hertfordshire

AL7 1GA

This information is provided by RNS

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