After offloading supermarket chain Kipa and Giraffe restaurant chain British retailer Tesco has now confirmed the sale of its Dobbies Garden Centres – a UK-based specialist garden centre retailer – business to an investor group led by Midlothian Capital Partners and Hattington Capital.
The sale includes the entire share capital of Dobbies Garden Centres Ltd against which Tesco will receive £217 million in cash.
Commenting on the sale, Tesco chief executive Dave Lewis says, “Through their hard work and dedication to customer service, Dobbies colleagues have built a great business, and I would like to thank them for everything they have done. It was a difficult decision to sell the business, but we believe this agreement will give Dobbies a bright future, while allowing our UK retail business to focus on its core strengths.”
“We are delighted to have been chosen by Tesco to take ownership of the Dobbies Garden Centres business. It is a great business with fantastic colleagues. We’re very optimistic about the potential of the business, and we look forward to growing the business across the UK from its base in Scotland,” add Andrew Bracey of Midlothian Capital Partners and Barney Burgess from Hattington Capital.
Tesco had bought Dobbies Garden Centres in 2007, which currently operates 35 garden centres across Scotland, England and Northern Ireland. After the sale, Tesco will continue to offer customers a wide home and garden products through its own stores and online.
J Lindeberg was started by Johan Lindeberg in 1990s with the aimSeptember 2, 2022 | By RetailME Bureau
Majid Al Futtaim has made significant strides toward environmental, social, and corporateJuly 5, 2022 | By RetailME Bureau
Carrefour, which is owned and operated by Majid Al Futtaim in the
British grocer Waitrose has opened its newest store in Abu Dhabi’s Khalifa
UAE-based Al Maya Supermarkets has kicked off its ‘Netherlands Food Week’ that
British grocery retail chain Tesco has announced a price lock on over
Dubai-based grocery retailer Union Coop has successfully obtained the ISO 22301, an
Spanish omnichannel supermarket chain Mercadona has announced salary increase amid inflation that
Grocery retail chain Choithrams will open eight convenience stores across Rove Hotels’
Part of regional retail conglomerate GMG, Géant plans to open more than
Online share in FMCG sales has been growing all over the world,
Majid Al Futtaim Retail, operator of the Carrefour franchise in the Middle
UAE-based diversified conglomerate GMG and Silal have signed a memorandum of understanding
Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon
Furniture retailer 2XL Group’s OC Home plans to rollout 100,000 sqft of
Danube Home, a home improvement and furniture retailer in the region launched
Among the various dramatic shifts in consumption habits and behaviours that have
GMG, a global well-being company retailing, distributing, and manufacturing a portfolio of leading
Swedish home furnishings giant IKEA, has announced the opening of its first
This Ramadan, it’s time to connect with family, friends and the wider
An increasing number of homeowners set up home theatres, state-of-the-art music lounge’s
The Inspired Home Show and the International Housewares Association (IHA), the global
Capitalising on the huge success of their flagship store in Dubai Mall,
The Inspired Home Show and the International Housewares Association (IHA) have announced the
World Bazaar has announced the launch of UAE’s first luxury outdoor furniture