OT has learned that Specsavers has agreed to settle two High Court cases ‘on mutually satisfactory terms.’
The move brings to an end a lengthy legal battle which saw the High Street multiple taken to the High Court in 2013 by a number of joint venture partners, over alleged breaches of the shareholders agreement.
The agreement involved claimants from two cases: Dr Helle Poulsen of West Sussex, who owned and operated a Specsavers store in Bognor Regis, and former business partner Barry Weller; and in the second case, Shakila Parham and John Parham, of East Sussex, who owned and operated a Specsavers store in Uckfield. Full details of the settlement have not been released.
Commenting on the settlement, a spokesperson for Specsavers told OT: “We are delighted to confirm that the proceedings brought by former partners in Bognor Regis and Uckfield against Specsavers have been settled on mutually satisfactory terms prior to a judgment being handed down. The terms of that settlement are strictly confidential and we will make no further comment on the matter.”