Wed, 13 Apr 2016 | DIVISION SALE
Continuing its plan to offload non-core businesses, supermarket giant Tesco is now rumoured to be selling off loss-making Dobbies Garden Centres.
Britain’s largest grocer chain recently revealed plans to sell restaurant chain Giraffe. Now Scottish-based garden centre chain Dobbies has fallen under the scrutiny of chief executive Dave Lewis, as he moves ahead with his plan to focus on Tesco’s core business.
Dobbies, which Tesco acquired for £156 million in 2007, has 35 garden centres across the UK. However, Dobbies posted losses of £48 million in 2015 after booking £54.4 million in impairments on assets. Naturally, speculation that the garden centre chain will be the next company Tesco looks to shed has been rife in the media.
Another Tesco business that may well be sold off is the coffee chain Harris + Hoole, as Mr Lewis furthers his plan to offload non-core assets.
Investment bankers at Greenville have reportedly been appointed to find buyers for the businesses. The move comes just days before Mr Lewis is due to announce the retailer’s full-year results to the City.
A spokesman for Tesco said: “We do not comment on rumour and speculation.”
Tesco has recently sold off its Nutricentre vitamins company, Blinkbox streaming service and South Korean Homeplus business.
For more information, see more retail businesses for sale.
Our client is a market-leading print and media management company, utilising changing trends and technologies to remain at the forefront of its sector. Offers invited.
Established for over 37 years, the company has developed a strong industry reputation for providing consistently high-quality and high-performance diving equipment, complemented by excellent levels of customer satisfaction. The company offers a compr...
FREEHOLD
Opportunity to acquire the entire issued share capital of a UK based supplier of infrastructure, power supply, transmission and ancillary equipment to the Security industry. A strategic buyer can benefit from the Company's extensive product range and...
|
17
|
|
Oct
|
SYNETIQ acquires motor remanufacturer Motorman | BUSINESS SALE
Salvage and vehicle recycling company SYNETIQ Limited has ac...
|
17
|
|
Oct
|
Sealant company makes its first acquisition in Yorkshire | BUSINESS SALE
SD Sealants, a sealant and cosmetics repair business headqua...
|
16
|
|
Oct
|
Automotive supplier completes MBO | MBO/MBI
An automotive products supplier located in South Yorkshire h...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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...
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