A Bath-headquartered eyewear company has received two unsolicited takeover offers and a separate offer to buy the business.
London-listed Inspecs was established in 1988 by Robin Totterman and designs, manufacturers and distributes sunglasses, optical frames and lenses.
The board of the company announced on Thursday it had received two proposals from H2 Equity Partners and another from a consortium made up of Risk Capital Partners and Ian Livingstone, chairman of London & Regional Properties.
Each set out non-binding possible cash offers alongside the possibility of an alternative offer including unlisted securities to acquire the entire issued and to be issued share capital of Inspecs.
The company said it had also received a proposal on Tuesday from Italian eyewear group Safilo to acquire the Eschenbach Group - the German rival Inspecs acquired in 2020 for €95m - and BoDe, another German distributor it snapped up a year later for €1.76m.
"There can be no certainty that an offer will be made, nor as to the terms of any offer if made," Inspecs said in a statement. "A further announcement will be made if and when appropriate."
In June, founder Mr Totterman warned over US tariffs as he stepped down from the company.
In a set of unaudited preliminary results for the year ended December 31, 2024, Inspecs reported a group revenue decrease of 2% to £198.3m.
