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.
Hand built in their workshop in Oxfordshire and delivered to enthusiasts and collectors all over the world, this is a fantastic and very rare opportunity to take on a truly iconic brand and develop the business to bring out the full potential that br...
RELOCATABLE
Offers a comprehensive employment process to ensure all candidates are qualified and meet the required safety and licence checks. Offers invited.
LEASEHOLD
Provides a range of specialist consultancy through planning, training and exercising, with a focus on crisis management and business resilience and continuity. Offers invited.
LEASEHOLD
|
15
|
|
Jun
|
Equity funding reaches record high for SMEs | BUSINESS NEWS
As investment rises outside of the capital, small businesses...
|
14
|
|
Jun
|
Bedding retailer fall into administration after running into troubles on the high street | ADMINISTRATION
The Yorkshire Linen company has been forced to shut its door...
|
13
|
|
Jun
|
Sipp firm with a total investment value of £130m enters administration | ADMINISTRATION
GPC Sipp Limited, a firm specialising in providing technical...
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