Essential reading for retailers and suppliers in the home improvement market

Sir Tom Hunter mulls over counter-bid for Dobbies

Published: 11 June 2007
It is looking increasingly likely that Tesco will be drawn into a bidding war for Dobbies after it emerged that one of its major shareholders, Sir Tom Hunter, is in talks with rival retailers, including Marks & Spencer.
Sir Tom Hunter mulls over counter-bid for Dobbies
According to City sources, Scotland's richest man has held preliminary talks to try and 'scupper' the grocery chain's £156m takeover.

Retailers reportedly believed to be in talks are Waitrose, Sainsbury's, and Marks & Spencer with his acquisition vehicle, West Coast Capital and Icelandic investment group Baugur.

Sir Tom Hunter has a 10.6% stake in Dobbies, and has spent £23.6m on home shopping garden company Flying Brands. In April last year he completed a £311m takeover of Wyevale Garden Centres.

Sir Tom began his career selling shoes from a van before building up the Sports Division Chain, which he sold to JJB Sports. He has an estimated personal fortune of £780m.

West Coast Capital, has three partners, says the website: two founding partners Sir Tom Hunter and Jim McMahon; and Paul Davidson – all of whom have extensive networks of contacts, potential co-venturers and advisors.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


What would help you maximise sales of hardware & tools?





Latest reader comments

re: A guide to construction safety for home builders

Daniel Wood
Safety should always be the first priority. If followed properly, these precautions are all we need to tackle all unwanted accidents. I ...

re: Further Homebase closures ahead

Shaun Collorick
Cheltenham homebase has closing down signs outside, but not Gloucester homebase.... Yet!...

re: B&Q sales slide, as Screwfix decision to exit German market costs millions

B&Q bob
No surprises from us on the shopfloor management paralysed by fear of jobs and to weak to take chances so bumble around. Ranges boring, and ...

re: Further Homebase closures ahead

Miss l'a tesha gc Wilson
Please keep me updated regards all Store closures Thank you...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

Peter Earl
I HOPE GRAHAM BELL THE NEW CEO OF B&Q GETS TO GRIPS OF THE COMPANY VERY SOON.MY WIFE WENT FROM SHADOXHURST TO GILLINGHAM TO GET SOME ...

Most read stories