The Scotsman reports that Optical Express has been saved
from collapse by an eleventh-hour cash injection from its chairman and founder
David Moulsdale. The business owed Royal Bank of Scotland more than £30 million
and after the bank refused a request for more loans, it threatened to call in
its debt and sell the business on to new investors. The resulting buyout has
now safeguarded 1,600 Optical Express jobs in the UK and Ireland.
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