Sat, 22 Mar 2014 | BUSINESS SALE
Morrisons has decided to put maternity specialist Kiddicare up for sale, just three years after buying the business.
The supermarket has been struggling recently with the management of its various channels, and a sale of the business has been floated as a possibility. A number of potential buyers are thought to be interested.
But first, the chain appears to be offloading some of its less critical businesses. Kiddicare is one such firm; bought in 2011 for £70 million, the online company provides products and accessories for babies and children. Morrisons interest at the time stemmed largely from the need to grow its online platform and Kiddicare's requirement for capital growth.
However, Morrisons revealed earlier this month that over the course of the last year, Kiddicare incurred a loss of over £160 million, after a “disappointing” performance.
Scott Weavers-Wright, who founded Kiddicare, spoke at Retail Week Live recently to say that Morrisons had “acquired Kiddicare for its technical platform and did not implement it”. He added that this lack of integration with the supermarket's “core business” was a major factor in the company's woes.
What will happen with Kiddicare isn't clear at the moment. The maternity sector as a whole appears to be facing difficulties of its own, with Mothercare reporting issues due to the increasingly strong presence of supermarkets and online retailers, which are now managing to beat the outlets on price.
______________________________________________________________________
Related information:
Morrisons acquires Kiddicare
View the latest retail businesses for sale
This well-established bakery in North West England is synonymous with quality, offering a diverse range of unique, freshly baked products from its own premises. With a strong brand reputation and considerable scope for growth, particularly in the who...
LEASEHOLD
This opportunity is for a well-regarded company specialising in the manufacture of premium worktops, boasting a wide variety of materials, colours, and pricing options. With strong repeat business from 47 commercial customers and a significant client...
This company presents a unique opportunity with its strong foothold in the high-barrier-to-entry healthcare sector, specialising in refurbishments tailored to NHS facilities. It boasts a highly scalable business model, backed by longstanding relation...
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.