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Evening Standard

Anna Wise

Inspecs agrees to £85m takeover involving retail entrepreneur Luke Johnson

Luke Johnson Inspecs United Kingdom Somerset

Glasses maker Inspecs has warned over annual earnings after weaker-than-expected recent trading (Alamy/PA) -

Glasses maker Inspecs has agreed to be bought by an investment vehicle led by hospitality entrepreneur Luke Johnson and property mogul Ian Livingstone for £85 million.

The London-listed business, which is based in Bath, Somerset, accepted the offer and turned down an alternative bid from a rival manufacturer.

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