skip to main content
Find Insight DIY on
* * *

UK DIY News

Tesco is planning to become Britain's biggest garden centre chain

Tesco is planning a new attempt to become Britain’s biggest garden centre chain with a raid on a company built up by Sir Tom Hunter, the Scottish businessman, according to The Sunday Times.

Lloyds Banking Group will this week formally kick-off the £300m sale of the Garden Centre Group, owner of the Wyevale and Blooms chains.The taxpayer-backed bank took control of the business in 2009 after a debt-for-equity swap diluted Hunter’s stake down to about 20%. Lloyds has recently stepped up its efforts to clean up its balance sheet by offloading non-core assets.

Source: My Retail Media
http://myretailmediablog.com/2011/09/18/tesco-is-planning-to-become-britains-biggest-garden-center-chain/?utm_source=twitterfeed&utm_medium=twitter

18 September 2011
view more UK DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

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