Dobbies Garden Centres Limited has just announced the Restructuring Plan, launched in September 2024, has been approved by the Court of Session in Scotland.
The approval of the Restructuring Plan means Dobbies will exit the leases of 10 loss making sites. An agreement was reached with landlords for an eleventh site, in Antrim, to remain open.
Furthermore, and as part of the discussions with landlords over temporary rent reductions, two additional sites will move to other garden centre operators.
This, alongside other strategic initiatives, will enable Dobbies to return to sustainable profitability, unlock access to future investment and deliver a strong and well capitalised platform for the business going forwards.
Having successfully secured approval of the Restructuring Plan, focus is now on accelerating a return to sustainable profitability, working constructively with suppliers, and on providing excellent products and experiences for customers and local communities.
Dobbies would like to thank all of its colleagues, partners and suppliers for their commitment and hard work as they have navigated this process.
A Dobbies spokesperson said: “We’re pleased to have worked constructively with landlords on the Restructuring Plan. The approval of the Restructuring Plan means we can now be focused on the future, building a strong platform for a return to sustainable profitability in our stores across the UK. Thank you to all our colleagues, customers and suppliers who supported us during this process.”