Tesco to shed garden centre business

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.


Share this article



Latest Businesses for Sale

Provider of Home Care
Yorkshire and the Humber, UK

Offers a variety of services including domestic assistance, medication administration, companionship and palliative care, as part of a 24/7 service. Care Quality Commission with a rating of ‘Good’ in all domains. Contractually provides its services t...

Asking Price: Offers Invited
Turnover: £1,300,000

LEASEHOLD


Fast Food Chain Restaurant
UK Wide

Currently operates from a number of restaurants, all of which are situated in prominent trading locations and benefit from high levels of footfall. Long-standing brand with a multitude of excellent reviews online. All dishes are prepared in store by...

Asking Price: Offers Invited
Turnover: £6,100,000

FREEHOLD


Landscaping & Maintenance Services
Midlands, UK Wide

Specialises in commercial landscaping, maintenance, restoration and ecology services. Has won multiple awards throughout its time in operation. Embraces works of all sizes and complexities, undertaking a diverse range of projects and working to ensur...

Asking Price: Offers Invited
Turnover: £602,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
09
 
Dec
 

Scunthorpe construction group call in administrators | ADMINISTRATION

Scunthorpe-based Clugston Group and Clugston Construction ha...

 
06
 
Dec
 

KPMG agrees to sell pensions arm | DIVISION SALE

Professional services network KPMG has announced that it has...

 
05
 
Dec
 

What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS

Private business mergers and acquisitions expert Sue Green o...

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