The owners of contact lens retailer Lenstore.co.uk have sold their business to Vision Express to give the business a the high street presence.
Husband and wife team Mitesh Patel and Olga Nuryaeva set up the Wimbledon-based business in 2008 after leaving their well-paid consultancy jobs.
The business reported sales of £5.1 million in the year to January with profit of £500,000 and expects to report annual turnover increased to £10 million by end of next month.
Lenstore sends out regular supplies of contact lenses and has around 150,000 customers. The sale to Vision Express, which has 300 stores and is owned by France's GrandVision, was for an undisclosed sum. Vision Express aims to open 60 stores next year.
'We decided contact lens wearers needed the option to buy in stores as well as online,' Patel told the Sunday Times.
No comments:
Post a Comment