Sight Care Group has announced that its ophthalmic frames division Sight Care Trading will cease business on July 31 with an expected closure by the end of September.
Four full-time employees and a part time member of staff will lose their jobs.
The group’s chief executive Paul Surridge said an outright sale of the company had been sought for the past 12 months. He thought a deal was likely but it failed to materialise.
He said: ‘The business was first established over 20 years ago. The plan was to market frame collections on an exclusive basis to our membership and for well over a decade the business generated meaningful profits for the group, however, the policy from day one of restricting distribution to members only proved to be an Achilles Heel over time as the market became more competitive.
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