Specsavers set foot in North America in March through the acquisition of the Canadian optometry chain Image Optometry, according to a recent report by Vision Monday. Image Optometry has a network of ten directly operated stores and eight franchises in the British Columbia region and currently employs 55 people. Representatives from Specsavers quoted by VM said that the move was triggered by a personal connection with Dr. Alan Boyco, owner of Imagine Optometry, and that there were no plans for further expansion in the region at this stage. We could not get a confirmation from Specsavers whether they would switch the acquired stores to their own banner before publication date. The Canadian optical market remains very fragmented with independents retaining a market share of roughly 70 percent, and with many of them nearing retirement age. Specsavers is currently operating in the U.K., Ireland, Netherlands, Norway, Sweden, Denmark, Finland, Spain, Australia and New Zealand with roughly 2,000 stores. Last reported revenues for the group reached £2.8 billion (€3.2bn-$3.9bn) for the financial year ended Feb. 2019.

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