skip to main content
Find Insight DIY on
* * *

UK DIY News

Lloyds set to re-start 25m sale of Robert Dyas

Lloyds is set to restart the £25million sale of hardware store Robert Dyas, putting out a prospectus for potential buyers within weeks.

The bank delayed the sale last October so buyers could evaluate how the High Street chain performed over Christmas. Like-for-like sales, including VAT, rose 7.4 per cent in the four weeks to December 24, the company said on Friday.

Paul Herman of corporate financier Cavendish, which is handling the sale, said: ‘We’ve had more than a dozen expressions of interest.’ A sale could be completed by the spring.

Lloyds and Allied Irish Bank acquired major stakes in Robert Dyas after a restructuring that saw former owner Change Capital eased out.

Robert Dyas chief executive Stephen McVey left suddenly last month after only five months at the helm.

Source: Alex Hawkes - This is Money.co.uk
http://www.thisismoney.co.uk/money/markets/article-2083543/Lloyds-set-restart-25m-sale-hardware-store-Robert-Dyas.html?ito=feeds-newsxml

07 January 2012
view more UK DIY News
*

Insight DIY always publishes the latest news stories before anyone else and we find it to be an invaluable source of customer and market information.

*
Max Crosby Browne - CEO, Home Decor
Newsletters

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