Essential reading for retailers and suppliers in the home improvement market

Wyevale agrees sale of five garden centres

Published: 30 August 2018 - Jenny Wonnacott

Wyevale Garden Centres, Britain's biggest garden centre operator, has announced the sale of five garden centres to individual buyers. The centres are Brooks, Nailsworth, Aldridge, Keynsham and Shirley.

Wyevale Garden Centres has announced the sale of five more centres and says it has received a "significant number of offers" for the remaining business
Wyevale Garden Centres has announced the sale of five more centres and says it has received a "significant number of offers" for the remaining business

WGC chief executive Roger Mclaughlan said: “We are pleased to have agreed the sale of five of our garden centres. In the case of those centres which have been sold for alternative use, we are very pleased to honour our commitments to our colleagues and partners and will seek to redeploy our excellent colleagues in our other garden centres wherever possible in coming months.

“We would like to thank our great colleagues at these centres, who have been central to our turnaround in the past few years.”

Aldridge, Keynsham and Shirley have been sold in separate transactions to purchasers who are expected to develop the sites for alternative use. These centres were previously identified for potential redevelopment as part of the company’s active portfolio management strategy.

Aldridge and Keynsham are expected to continue to operate as garden centres for up to six months after completion of the sale.

WGC chief financial officer Anthony Jones added: “These sales reflect our continued pursuit of positive outcomes for our colleagues, concession partners, suppliers and customers as part of the ongoing sale process. We are very grateful for the dedication and commitment of the teams at these centres, and we’ll continue to support them through the transition.”

Wyevale says it has received a significant number of offers for all or part of the remaining business from national, regional and financial operators as well as local entrepreneurs. The business, owned by Terra Firma, was put up for sale in May 2018.

Comments

22 November 2018 15:51:50
Kerry Megan Robinson

What will happen to the Cafe located in the Parley Wyevale Garden Centre when In-Excess take over?


(Your email address will not be published)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

What do you think?


With Black Friday and Cyber Monday behind us, have sales picked up in your retail business ahead of Christmas?


Latest reader comments

re: Drews The Ironmongers to close after 87 years

Dave Percy
A Huge Huge loss to Reading, this store has always delivered on every level , the staff are amazing freindly knowligable and it was so nice ...

re: B&Q UK sales slide, as Kingfisher exits Russian and Iberian markets

BQ bob
How long will lowrys disastrous rule of kingfisher be allowed to continue she has overseen the destruction of Britain's best DIY store, one ...

re: Wyevale agrees sale of five garden centres

Kerry Megan Robinson
What will happen to the Cafe located in the Parley Wyevale Garden Centre when In-Excess take over?...

re: Digital is a powerful selling tool, says Toolbank

Toolking Tools
Toolbank is the very company that resists online development of resellers by not supplying to those that dont have a trade counter, so this ...

re: Kingfisher confirms sale and leaseback of B&Q stores

Abdul
I wonder how long the vision of the VL will continue to pull the group to the very bottom? How many days will it go before someone thinks ...

Most read stories