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.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Snapchat has been betting big on Augmented Reality’s (AR) retail future consideringJune 22, 2021 | By Jibran Chouguley
Union Coop, a consumer cooperative in the UAE, revealed that 78% of
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
Furniture retailer Home Box has opened its first-of-a-kind retail outlet in the
UAE-based Home Box has opened its 20th retail outlet in the Kingdom
Anthropologie, the US label known for its bohemian wear and eclectic home
UAE-based PAN Emirates Home Furnishings has launched its third store in Al
Kitchen and home retailer, Williams Sonoma has opened its first store in
UAE-based Home Box has expanded its footprint in Abu Dhabi by opening
Al-Futtaim ACE launched its brand new express store at Nakheel Mall in
Pan Emirates has unveiled its second store at the Doha Festival City
“The saying home is where the heart is, has now changed to
UAE-based Al Futtaim ACE, a home improvement and outdoor brand, announces the opening
Sweden-based home furnishing retailer, IKEA has opened its new store in Abu
Home-grown furniture brand Chattels & More are expanding in the region with a