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UK Businesses For SaleTesco to sell online property business to an estate agents
30/04/2008
Tesco is discussing a sale of its online property business. A a chain of estate agents is due to purchase it.
Tesco Property Market was established in June last year by the supermarket, with a £199 service which effectively aims to undercut other traditional home sellers. More established estate agents were angry, some even taking legal action to stop properties they were marketing from appearing on the site. Spicerhaart, the UK's largest independently-owned estate agency network, with in excess of 250 branches, has decided to buy the business. The supermarket and estate agent will work together, Tesco will market the business and Spicerhaart will own and operate it. The key issue with Tesco's business model had been attracting enough buyers and sellers to the site. 
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04 Jul 2008
British Sky Broadcasting (BSkyB), the British pay-TV group, is considering making a bid of €2.5bn fo...[more]
03 Jul 2008
British Airways has bought L'Avion, a privately owned French business-class airline that flies betwe...[more]
01 Jul 2008
J Sainsbury's, Britain's third-largest supermarket group, is considering selling its pension scheme....[more]
01 Jul 2008
Racal Acoustics, the Harrow-based maker of military communications headsets, could be put up for auc...[more]
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© 1995-2008 Business Sale Report. A division of Business Data International Ltd. All rights reserved | |
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