Wyevale agrees sale of 31 centres to Dobbies

by | Apr 10, 2019 | Business, Chains, News | 0 comments

Wyevale

Wyevale Garden Centres (“WGC”), today announces the sale of 31 centres to Dobbies Garden Centres for an undisclosed sum.

This is the third transaction with Dobbies following the sale of five centres, plus a single site sale, both in October 2018.

The centres include: Altrincham, Andover, Beaconsfield, Brighton, Bury St Edmunds, Cadnam, Findern, Galton, Gosforth, Hare Hatch, Harlestone Heath, Havant, Hungerford, Keston, Leicester Rowena, Lelant, Marple, Moreton Park, Northampton, Pennine, Poppleton, Royston, Rugby, Shenstone, Stratford upon Avon, Stockton, Swansea, Swindon, Telford, Thornbury and World’s End.

The centres will continue to trade as WGC over the coming weeks with completion of the sales phased from late May through to the end of June.

Following the sale to Dobbies, WGC remains a top three garden centre operator in the UK with 60 centres and a further four centres that are operating under licence. The announcement comes as WGC reports strong trading in the first quarter of 2019 with sales up 26% year on year, profitability significantly improved and high levels of liquidity.

Anthony Jones, Chief Operating Officer of WGC, said “We are pleased to have agreed the sale of a portfolio of our centres to Dobbies Garden Centres. We would like to thank all of our garden centre colleagues for their contribution to Wyevale Garden Centres and wish them well for the next stage of their growth and development with Dobbies. I am delighted with our strong start to the year and am excited about trading for the rest of the main gardening season. Meanwhile, we also continue to evaluate a wide range of options as part of our ongoing sale process.”

Graeme Jenkins, CEO of Dobbies, said: “We are very pleased to have agreed this acquisition and look forward to welcoming our new customers along with 1,400 new members to our team.”

Separately, WGC today also confirms the commencement of a collective consultation process with all colleagues at its Syon Park Customer Support Centre (“CSC”). This process is required due to the potential reduction of at least 20 roles at the CSC and commences with the nomination and appointment of employee representatives before a 45 day collective consultation can begin.

Anthony Jones, Chief Operating Officer of WGC, said “I appreciate the commencement of a collective consultation process is unsettling for our CSC colleagues. We are committed to keeping all our colleagues informed as the consultation process progresses and any potential impacts are clarified.”

Christie & Co, the specialist business property advisor managing the sale process on behalf of WGC, have run a two-phase process that has achieved considerable interest from a wide variety of buyers. The opportunity to run one, a small group or a portfolio of garden centres has ignited interest within the sector and beyond, and there are still opportunities to acquire strongly located well-performing centres.

more latest news ➡

Squire's steady financial results

Squire’s charts a steady course

‘Charting a steady course in marginally calmer waters’ probably best describes Squire’s performance in their financial year ending 31 July 2023, after the somewhat rolling seas of the Covid and immediate post Covid era. This year’s results were, as anticipated, a...

Robert Cook joins Dobbies

Dobbies appoints Robert Cook as board advisor

Renowned hospitality professional, Robert Cook, has joined Dobbies as a board advisor to support the strategic development of its restaurant business. A seasoned hospitality CEO, Robert has led a number of the UK’s hospitality and leisure businesses...

GCA Barometer of Trade figures 'very good'

March BoT figures show a ‘very strong month’ says GCA

The Barometer of Trade (BoT) figures from the Garden Centre Association (GCA) for March 2024 have been revealed and are ‘very strong’ when compared with the same month last year. According to data submitted by the organisation’s member garden centres, none of the...

Rajesh Gupta joins DObbies

Dobbies Garden Centres appoints Rajesh Gupta

Dobbies further strengthens its senior leadership team with the appointment of Rajesh Gupta as Strategy and Business Development Director. Rajesh qualified as a Chartered Accountant with KPMG and has 20 years’ experience in retail working in strategy, business...

Marcus Eyles leaves Dobbies

Marcus Eyles departs Dobbies after seven years

Marcus Eyles has decided to move on from his role as Horticulture Director at Dobbies to pursue a new chapter in his illustrious 40-year career. Marcus joined Dobbies, the UK’s leading garden centre retailer, in 2017 as Head of Online, before progressing to...

One4all and Dobbies enters partnership

Dobbies partners with One4all gift cards

One4all Gift Cards, is excited to announce its partnership with Dobbies Garden Centres, the UK’s largest garden centre retailer with 77 stores nationwide and nearly 160 years of expertise. Dobbies Garden Centres champion garden living all-year-round offering...

Ben Harrison announced as GCA chairman elect

GCA announces Chairman Elect for 2024/2025

The GCA has announced its Chairman Elect for 2024/25. Ben Harrison, who is Operations Director of Haskins Garden Centres, is stepping into the role and will become Chairman at the GCA’s annual conference in January 2026. Ben says: “I’m delighted to be taking on...

Read GCR's latest edition!

Subscribe ToThe Wednesday Word

Subscribe To
The Wednesday Word

 

Get all the latest news, events & more straight to your inbox every Wednesday.

You have Successfully Subscribed!

Pin It on Pinterest

Share This