17-June-2016

Tesco completes sale of Dobbies Garden Centres for £217mDobbies Garden Centres

 

Tesco has announced the sale of its Dobbies Garden Centres business to an investor group led by Midlothian Capital Partners and Hattington Capital for £271m.

 

Tesco took over the business in 2007 and has transformed it since then into the UKs second largest garden centre retailer.

 

Tesco’s Chief Executive, Dave Lewis said: “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.”

 

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