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.
Well-Established Travel Agency. Double fronted ground floor premises with quality floor, hanging lighting. 2 desks etc. Cloakroom with w.c. & wash hand basin. First floor large storage area. Good trading position, sought after Hampshire Market Town.
LEASEHOLD
Learning Disability & Mental Health care home registered for 16 residents. Turnover for year ending 31/03/2021 is £431,493.
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There has been a Pub / Restaurant business at these premises for many years. The current owners have run it successfully and lucratively since 2019, when after many years in the hospitality industry they achieved their dream of running their own upma...
LEASEHOLD
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