skip to main content
Find Insight DIY on
* * *

UK DIY News

Garden Centre Group being sold by Lloyds

Garden Centre Group, best known as Wyevale, is being sold by Lloyds Banking Group.

PricewaterhouseCoopers is looking to kick-start the sale next month, when revenues for its 119 sites are traditionally strongest.

GCG, Britain’s biggest nursery, was opened in Hereford in 1962 by Harry Williamson and now employs 4,500 workers.
It was acquired in 2006 for £445 million by a group led by retail entrepreneur Sir Tom Hunter.

In 2008 it passed to Bank of Scotland in a debt-forequity swap after it failed to manage its £419 million loan payments.
Since then it has languished in the vast portfolio of companies Lloyds acquired when it bought Bank of Scotland owner HBOS in 2009.

Source : Lawrie Holmes - This is Money
www.thisismoney.co.uk/money/markets/article-2010806/Garden-Centre-Group-sold-Lloyds-Banking-Group.html

03 July 2011
view more UK DIY News
*

Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

*
Paul Boyce - European CEO, QEP Ltd.
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry