Restructure complete says Optical Express

Optical Express has again placed one of its business units into administration in what was described last week as a final piece of restructuring.

The company announced that it had placed DCM Optical Clinic plc into administration but intended to buy back 16 of the 19 stores in that business and consolidate them into Optical Express Group.

Optical Express chairman and chief executive David Moulsdale said: ‘There will be no job losses, no patient disruption and no supplier loss. My board and I have taken this decision to protect our patients, our employees and our suppliers. This is the final piece in our restructuring jigsaw and puts us in a position of strength to deliver growth, stability and profitability.’