Division Sale News

Bidders mull a bid for HMV Live sale

Wed, 04 Jan 2012 | DIVISION SALE
Several bidders are circling the sale of HMV Live, including the owner of Time Out. The sale of HMV’s successful music venue and festivals business was originally announced in mid-December. Citigroup was brought in to assis... continue reading

IAG agrees binding deal with Lufthansa

Thu, 22 Dec 2011 | DIVISION SALE
IAG, the owner of British Airways, has agreed a binding deal to purchase BMI from Lufthansa for £172.5 million, securing 56 more slots at Heathrow for IAG. The sale is still subject to approval by the competition commission... continue reading

Travelzest to sell off underperforming UK operations

Thu, 22 Dec 2011 | DIVISION SALE
Travelzest, the owner of several holiday operators including nudist holiday firm Peng Travel, is making a move to sell off its loss-making UK brands. The UK operations up for disposal have not been identified, though potential ne... continue reading

Westfield looking to sell stakes in three UK malls

Tue, 20 Dec 2011 | DIVISION SALE
Australian shopping mall giant, Westfield, is reported to be exploring the option of offloading three of its shopping centres in the UK and Northern Ireland to its joint venture partners, as part of its strategy to focus on its la... continue reading

HMV to sell its thriving business HMV Live

Tue, 20 Dec 2011 | DIVISION SALE
HMV has put its fast growing, most profitable business on the block to save the rest of the struggling company. Citigroup has been drafted in to seek a buyer for its music venue and festivals business, HMV Live, in an effort to r... continue reading

Break up for United Biscuits considered

Mon, 19 Dec 2011 | DIVISION SALE
Britain’s largest biscuits manufacturer, United Biscuits, could be broken up in a renewed effort for a sale. Private equity owners PAI Partners and Blackstone are considering breaking the company up and selling off division... continue reading

Peacocks moots sale of Bonmarché again

Fri, 16 Dec 2011 | DIVISION SALE
Peacocks is again looking at selling Bonmarché, its discount clothing retailer for older women, after previously mulling a sale in March this year. The Peacock Group has tried twice to sell Bonmarché without succes... continue reading

Premier Foods' jams and pickles next to be sold

Mon, 12 Dec 2011 | DIVISION SALE
Following the successful sale of its chilled foods and bakery business Brookes Avana, it has been predicted by experts that Premier Foods’ spreads business will be the “next logical disposal”. The sale of the sp... continue reading

Charing Cross Road Foyles Bookshop leasehold for sale

Fri, 09 Dec 2011 | DIVISION SALE
The famous, long-established Foyles Bookshop is to see its leasehold change hands, as the owner has put it up for sale. The move is part of a one-acre sale of properties along Charing Cross Road in central London ordered by owner... continue reading

Axa UK puts dental insurer Denplan on the block

Wed, 07 Dec 2011 | DIVISION SALE
The largest dental insurance firm in Britain, Denplan, has been placed on the market by its parent Axa UK. The move is part of a strategic review being carried out at Axa UK, and will follow another of its businesses that was put... continue reading

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