Tesco sells Dobbies Garden Centres for £217m

June 17, 2016 7:24 am Published by

Tesco sells Dobbies Garden Centres for £217m

  • 17 June 2016
  • From the section Business

Dobbies signage

Tesco has sold its garden centre chain Dobbies for £217m to a group of investors led by Midlothian Capital Partners and Hattington Capital.

It comes a week after the supermarket chain announced the sale of UK restaurant chain Giraffe and its Turkish business Kipa.

Tesco bought Dobbies in 2007 for £150m and it is now the UK’s second largest gardening retailer.

It operates 35 garden centres in Scotland, England and Northern Ireland.

Dobbies made a £17m contribution to Tesco’s annual profits last year.

Tesco has embarked on an asset sale programme in recent months, disposing of what it considers to be non-core parts of its business.

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This post was written by FSB News