Sun, 26 Nov 2017 | BUSINESS SALE
The top-end northern grocer Booths has reportedly been put up for sale for between £130m and £150m, according to a report released this weekend.
The Preston-based chain has 28 outlets across Greater Manchester, Cheshire, Yorkshire, Cumbria and Lancashire employing over 2800 staff who collectively own about 4 per cent of the business. The Booth family own the rest. Henry Booth founded the business back in 1847 when he opened the China House in Blackpool. Today the company is chaired by his descendant Edwin Booth, who is also the Chief Executive.
According to the Sunday Times, the family has brought in advisers from Rothschild, the investment bank, to consider potential offers. There have have been offers for the grocer in the past, including from Waitrose and Safeway, but now it’s open season the other major supermarket giants are all expected to be readying for a close financial examination.
The sale is thought to have been triggered by recent turbulence in trading, with the company having posted a loss of £6.5 million last year, following a £1.1m profit a year earlier. Nevertheless the brand is very strong with a loyal customer base and the company has demonstrated resilience by riding previous downturns well.
Provides an extensive range of 900 products, many of which as an exclusive distributor, owing to its strong relationships with suppliers. Operates from leasehold premises based in South England. Offers invited.
LEASEHOLD
Well-established company operating for over 30 years. Sells a wide variety of accessories used in the care of reptiles and exotic animals. Sells products on e-commerce platforms such as Amazon and eBay. Offers invited.
LEASEHOLD
Supplies high quality hardwoods, softwoods and flooring products to the manufacturing and construction industries. FSC and PEFC accredited, ensuring that the timber provided originates from sustainable and ethical sources. Offers invited.
FREEHOLD
|
20
|
|
Nov
|
Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION
An unfinished waste-to-gas facility in Swindon has secured &...
|
19
|
|
Nov
|
UK government set to approve Cobham takeover | BUSINESS SALE
The British government is poised to approve the $5 billion t...
|
18
|
|
Nov
|
Kitwave acquires Alpine Fine Foods | BUSINESS SALE
Independent wholesaler Kitwave has acquired Alpine Fine Food...
Sign up to receive our acquisition alert emails to get your FREE guide
|
24
|
|
Apr
|
Majestic Wine considering the sale of its UK stores | BUSINESS SALE
Thought to be the UK’s largest specialist retailer of ...
|
13
|
|
Jul
|
Pub group looking to sell its commercial property division | DIVISION SALE
Ei Group, the UK’s largest pub company, is looking to ...
|
17
|
|
Dec
|
Travel Counsellors to explore £200m sale | BUSINESS SALE
The owners of Manchester-based holiday planner Travel Counse...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources