In This Issue
Inspiration and trends at spoga+gafa 2018
Santa's Secret Elf is back for Autumn 2018
Back to school breaks August Blues
Block Blitz to launch new larger pack at Glee 2018
Crossley to target more garden centres after £375,000 in new funding
Seasonal Offer up to 20% OFF* Trade Prices
Heatwave sees furniture and barbecue sales sizzle – but plant sales wilt
Autumn colour dominates GTN Bestsellers plant chart
Sipcam UK and Assured Products to launch RHS partnership range at Glee
Hilliers appoint two more family members to board
Wyevale Nurseries to ditch black pots in war on plastic
Get your own copy of GTN Xtra
Squires Christmas starts in October
Lighting brightens up garden product sales volumes
Herbs star for Veg-2-Go sales
Top soil and bulb planting compost hit the high spots
The best of last week's
Wyevale Garden Centres agrees sale of four more garden centres
Over 95% of Homebase creditors vote in favour of CVA
Great expectations for Glee 2018
AMES UK on the road to further expansion
Bestsellers Top 50 charts every week
Buy your subscription to GTN Bestsellers
All the latest news from the world of garden centre catering
Brand new products, trends and innovations at lunch! 2018
Send us your news and great ideas

Contact us with your news. 

Email neil.pope@tgcmc.co.uk, or trevor.pfeiffer@tgcmc.co.uk or call the GTN News team on 01733 775700






Wyevale Garden Centres agrees sale of four more garden centres

 

Wyevale Garden Centres has today announced the sale of four garden centres to individual buyers. The centres are: World of Pets and Leisure; Codicote; Sudbury and Oxford.  Sudbury (pictured above) and Oxford have been sold to operators who are expected to continue to run them as garden centres.  

 

Roger Mclaughlan, Chief Executive of WGC, said: “We are pleased to have agreed the sale of four of our garden centres. In the case of those centres which have been sold for alternative use, we are very pleased to honour our commitments to our colleagues and partners and will seek to redeploy our excellent colleagues in our other garden centres wherever possible in coming months. We would like to thank our great colleagues at these centres, who have been central to our turnaround in the past few years.”  

 

WOPAL and Codicote been sold in separate transactions to purchasers who are expected to develop the sites for alternative use. These centres were previously identified for potential redevelopment as part of the company’s active portfolio management strategy. WOPAL centre has already been closed and Codicote is expected to continue to operate as a garden centre until early 2019 after completion of the sale.

 

Anthony Jones, Chief Financial Officer of WGC, said: “The centres sold to date had been highlighted as ‘non core’ as part of our ongoing portfolio review, which predated the sale process. The sale of these centres reflects our continued pursuit of positive outcomes for our colleagues, concession partners, suppliers and customers. We are very grateful for the dedication and commitment of the teams at these centres, and we’ll continue to support them through the transition.”

 

WGC has received a significant number of offers for all or part of the remaining WGC business from national, regional and financial operators as well as local entrepreneurs. 

 

Sudbury has been sold to Perrywood Garden Centre and Nurseries Ltd and Oxford has been sold to AWBS Ltd, which is an existing concession holder on site. WOPAL has been bought by Harlex Property, while Codicote has been sold to Taylor Wimpey Plc.

 

Simon Bourne, of Perrywood, said: "We look forward to bringing the team at Sudbury into the Perrywood family, and can't wait to get to know them and the site better. More details to follow after completion!"

Facebook Twitter LinkedIn Del.icio.us Digg | Comment (1)
Comment
Name:*

Email Address:*

Comment:*


Sort by 
Huw Williams
Asset stripping by private equity.