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Settlement in long-running Specsavers High Court case

Thursday, April 02, 2015

Two long-running High Court cases in the United Kingdom between Specsavers Optical Group and four former joint-venture partners have been settled “on mutually satisfactory terms” before a decision could be reached, Optician reports.
The settlement marks the end of a case which began in November 2013.
Specsavers was taken to court after it issued purchase orders for nominal share values following alleged breaches of its shareholders agreement.
The company denied the allegations and brought a counter claim against the former joint-venture partners for alleged fraud and dishonesty. ...read more

40 heads roll at BHVI worldwide

Thursday, April 02, 2015

About 40 staff members at the Brien Holden Vision Institute worldwide, including 10 at the organisation’s operation in Australia, have had their employment ended.
Those affected include staff at the Brian Holden Vision Institute Public Health Division, formerly known as the International Centre for Eyecare Education. ...read more

Specsavers ANZ’s sales were $814 million in 2014-15

Monday, March 16, 2015

Specsavers in Australia and New Zealand notched up $814 million in sales in its financial year ended 28 February 2015.
Australia recorded $708 million in the year and New Zealand $106 million.
Like for like growth was 7.5% in Australia and 8% in New Zealand.
Average annual sales per store were $2,35 million in Australia and $2.04 million in New Zealand.
More than 3 million eye tests were provided across the two countries and 3.8 million pairs of glasses were dispensed across them. ...read more

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