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.
The practice has been around for over two decades with virtually zero DB transfer exposure and a focus on financial planning. The Practice represents one of the cleanest Businesses you’re likely to see anywhere on the marketplace at this time. Number...
This well-established manufacturer for sale has been trading for over 185 years and has built up a considerable niche business for agricultural and engineering products for a cross-section of industry sectors. The business to be sold is ideal for acq...
Highly Profitable Wealth Management Firm. Great Staff Base Who Will Remain and Continue to Manage the Clients. Established: 25 to 30 years. Number of staff: 5 to 10. Offers invited.
|
21
|
|
Feb
|
Street food catering firm seeks buyer after entering administration | ADMINISTRATION
Shrewsbury-based catering company MPM Catering has entered a...
|
20
|
|
Feb
|
Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE
Online used car service Heycar has purchased the independent...
|
19
|
|
Feb
|
On-demand laundry app snapped up after administration | BUSINESS SALE
Laundrapp, an on-demand laundry service which was touted as ...
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