Tesco speculated to be selling coffee shop chain Harris + Hoole

Mon, 20 Jun 2016 | DIVISION SALE

With the sale of the Dobbies Garden Centres chain announced on 17 June 2016, focus has turned to the possible sale of Tesco’s remaining non-core businesses, including the Harris + Hoole coffee shop chain.

Tesco had only acquired full control of the artisan chain Harris + Hoole in February of this year. The grocer had originally only taken a non-controlling 49 per cent stake in the high street business in 2012. However, with Tesco continuing with its plan to sell off all of its non-core businesses, including the Giraffe restaurant chain, speculation is now brewing that the sale of Harris + Hoole will be next.

In addition to the aforementioned sale of Giraffe, Tesco has recently offloaded many of its other non-core businesses, including Tesco China, Tesco Korea, Blinkbox, Hudl, Nutricentre and Kipa. The sale of Dobbies Garden Centres is the latest casualty in the list, leaving only Harris + Hoole and Euphorium Bakery as non-core businesses most likely to be sold soon if Tesco can find a buyer.

Harris + Hoole was jointly founded in 2012 by three members of the Tolley family, who subsequently exited the business in July 2015 in order to concentrate on their Taylor St Baristas chain. Currently, Harris + Hoole operates 46 artisan coffee shops in and around London and the South East, some of which are located within Tesco superstores. The business employs around 500 staff.

UPDATE: Caffè Nero has just bought the Harris + Hoole coffee chain, allowing them to quickly expand into supermarkets.

Find more retail businesses for sale.


Share this article



Latest Businesses for Sale

Day Spa
Manchester, UK Wide

A very reputable, award winning, day spa offering a selection of rejuvenating treatments is available in the bustling city of Manchester. Offers invited.

Asking Price: £315,000
Turnover: £600,000

LEASEHOLD


Automotive Repair Business
Gloucestershire, UK Wide

This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.

Asking Price: £925,000
Turnover: £414,249

FREEHOLD


CNC Precision Engineering Firm
Isle Of Wight, UK Wide

A remarkable opportunity has emerged to acquire an established precision engineering business which has cemented solid foundations since it began trading in 1998. Offers invited.

Asking Price: £1,200,000
Turnover: £907,946

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Apr
 

Cambridge artificial intelligence / machine learning company bought by customer | BUSINESS SALE

Early stage advanced data analysis company Rinocloud has bee...

 
19
 
Apr
 

Accountancy firm to expand in Scotland | BUSINESS SALE

A UK-based accountancy firm with offices peppered across the...

 
18
 
Apr
 

Recruitment firm acquires counterpart | BUSINESS SALE

Swindon-headquartered recruitment company Outsource UK has s...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
Mar
 

Outsourcing giant plans £700m asset sale | DIVISION SALE

One of the country’s largest outsourcing players, Capi...

 
19
 
Apr
 

Tesco selling optician business to Vision Express | BUSINESS SALE

Tesco is to sell its in-store optician business to Vision Ex...

 
27
 
Jan
 

Tesco acquires Budgens and Londis owner Booker for £3.7bn | BUSINESS SALE

UK supermarket giant Tesco is to buy food wholesaler and con...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources