Tue, 31 Aug 2010 | DIVISION SALE
The home shopping business Express Gifts could be put up for sale by its owner Findel, which is carrying out a strategic review of its divisions.
Express Gifts, which owns the brands Health & Home, Ace and Studio, has yearly revenues of around £220 million with profits of £20 million.
Findel’s main business is educational supplies, which isn’t doing as well as the home shopping division. Findel has debts of around £310 million and recorded a hefty loss of £76 million in the last financial year after a round of acquisitions that did not pan out well. That and certain accounting irregularities have been behind a recent plunge in the share price.
The aim of the review is to stabilise these finances – a sell-off of non-core business units is likely to get serious consideration. Apart from home shopping, Findel also has medical supplies and healthcare divisions.
Waiting in the wings for the home shopping catalogue business are several large competitors including N Brown who will almost certainly be interested should Express Gifts be put on the market.
The company specialises in the design, supply, and installation of M&E and refrigeration systems within retail, storage, warehousing, office, banking and other clients’ premises. In addition, the company offers refrigeration and air conditioning PPM...
A freehold of a hotel that fell into administration earlier this year has been brought to market. A historic 19th century property situated in ideal location near the Peak District National Park which attracts over 13.25 million visitors each year. O...
This is an opportunity to acquire a provider of engineering, advisory and project management services for the domestic and international energy industry. Offers are requested by no later than 5pm (BST) on Tuesday 30 April 2024 with the view to comple...
29
|
Apr
|
South Wales environmental firm undergoes MBO | MBO/MBI
South Wales-based SJ Environmental Limited has undergone a m...
29
|
Apr
|
Administrators bring Knutsford hotel to market | COMMERCIAL PROPERTY
The freehold of a hotel in Knutsford that fell into administ...
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
29
|
Apr
|
Administrators bring Knutsford hotel to market | COMMERCIAL PROPERTY
The freehold of a hotel in Knutsford that fell into administ...
29
|
Apr
|
South Wales environmental firm undergoes MBO | MBO/MBI
South Wales-based SJ Environmental Limited has undergone a m...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
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
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.