Duncan & Todd secures £3.5m investment

Duncan and Todd secures 3 5m investment

18 Feb 2015 by Emily McCormick

The optical chain recently expanded its portfolio through the acquisition of 20:20 Opticians, a group with six branches across Edinburgh and Glasgow.

Managing director of Duncan & Todd, Frances Duncan, commented: “The funding from BGF has helped us to grow our business and the follow-on investment is now boosting our expansion across Scotland. There is good strategic rationale for this latest acquisition as 20:20 Opticians has a similar model to Duncan & Todd because it offers excellent service and great brands at competitive prices.

“We are very excited about the future. Having a material presence in the central belt with the strong brand name of 20:20 provides a great platform for the business to continue its expansion across Scotland.”

With 30 branches across Scotland, the BGF initially invested in Duncan & Todd in December 2013, earning a minority stake in the business. In May 2014, the opticians purchased independent Gunn & Galbraith, and has invested £1m in the upgrading of its Aberdeen manufacturing facility.

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