Tue, 23 Oct 2012 | BUSINESS SALE
The owner of electrical retailer Comet is understood to be exploring a sale.
Although private equity firm owner OpCapita has not formally put the business up for sale, reports suggest that it is looking into a number of bids from different interested parties.
OpCapita originally bought Comet earlier this year for the nominal sum of £2. This also came with investment from the previous owner Kesa of £50 million.
The change of ownership came with a change of leadership with Sir John Clare, former chief executive of Dixons Retail, joining Comet as chairman on the same day as the sale to OpCapita was finalised
Despite the dismal forecasts from analysts highlighting significant operational losses, Sir John believed that the firm could be turned around. And he has delivered on his word, stating earlier this year that the group has made around £50 million in savings and hopes to break even this year.
It appears he isn't alone in this view as the firm has received a number of unsolicited approaches regarding a sale. The group is now holding talks with three interested parties, according to City A.M.
Residential Care Home features 39 bedrooms is up for sale. The home had average occupancy of 83.9 per cent in the year to July 2022. Offers invited.
FREEHOLD
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
Offering high quality marquees with a wide range of sizes. This offers a huge amount of flexibility which allows the company to cater for whatever customers require, from a small marquee in the back garden, to a marquee village, or perhaps catering f...
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.