In This Issue
Westland buy Gardman
Gardman was on brink of Administration
Jail for garden centre owner who stole almost half a million from elderly mother
Great start to Christmas sales in garden centres
Westland are Choice Supplier of the Year
Resentments simmer as town loses garden centre
Group appointments signal opportunities ahead
GIMA Knowledge Exchange Workshops – four more confirmed for autumn/winter schedule
Japanese Award for T&M’s Sunflower SunBelievable ‘Brown Eyed Girl’
Home Garden Conference: how to reach the next generations?
New Sales Structure for AMES UK
Christmas department opens at Haskins Garden Centres
Johnsons of Whixley announces first two management trainees as it gears up for future growth
Garden centre helps junior football team look the part
Spooky times at Squire's Garden Centres
Rhipsalis: November Houseplant of the Month
Get your own copy of GTN Xtra
Garden product sales in good health
Autumn gardening activity boosts growing media sales
New products dominate early Christmas sales
Cyclamen sales reach record high
Hear more about Life at No 27 at HTA Marketing Forum
APL members build exclusive partnership with Home Solutions from John Lewis
The best of last week's
Gardman up for sale
Wyevale Garden Centres agrees sale of five of its largest garden centres to Dobbies Garden Centres
Change of ownership but business as usual for Bransford Webbs
September sales just above average
Bestsellers Top 50 charts every week
Buy your subscription to GTN Bestsellers
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






Gardman up for sale
 
Gardman Daventry 090218_GTN041.jpg

After a tumultuous year Gardman is up for sale.

 

"On reflection the directors have decided the best way forward for Gardman is to sell the business and secure more funding," CEO Pete Utting told GTN Xtra on Friday.

 

"PWC have been appointed to run a process that will conclude within 2 weeks and I have already had discussions with a number of very interested parties."

 

2018 started for Gardman with their move to Daventry for warehousing and distribution which was problematical, then in March a fire completely wiped out the warehouse and over £20m stock. 

 

Rutland Partners completed a management buy out of the business led by Chairman Jonathan Halford in June 2015.

 

Below is the statement issued by Gardman on Friday:

 

Trade Press Release – 5th October 2018


In March 2018 Gardman suffered a devastating fire at its new Daventry warehouse.


With financial support from insurers, lending banks and shareholders, the business has made considerable progress over the last six month in rebuilding its market position. However, as a consequence of the fire, the business has been placed under significant financial and operational pressure.

 

The Directors have now decided to seek a new owner for the business to support the long term strategy and ambitions, and are in the process of liaising with potential buyers.


The directors see this as a positive step for the business and hope to conclude the process in the next two weeks.


We would also like to express our gratitude for all the support we have received during this recovery period.


Peter Utting
CEO

 

 

Facebook Twitter LinkedIn Del.icio.us Digg | Comment (0)
Comment
Name:*

Email Address:*

Comment:*


Related Articles