In This Issue
That was the year that was... 2021
Large Fire at Longacres Shepperton - UPDATED
Tributes for Eddie Topping MBE, Founder, Pioneer, Dad
An Open Letter on the use of peat
We're Here For You
Blue Diamond to open the largest Home and Garden Centre in the UK
Altons BBQ World, Aylett Nurseries, Barton Grange, Baytree, Busy Bee, Groves, Pengelly, Pughs, The Old Railway Line and Squires Badshot Lea are the winners of GTN's Greatest Christmas Awards for 2020
Barton Grange Christmas 2020 - Exclusive GTN Xtra Photo Tour
£31m loss reported by Dobbies Garden Centre Group
Garden centre owners share their thoughts on being open during Lockdown 3
British Garden Centres announce 58th centre, in Harrogate, will open in April
Antony Harker to launch Altico at Glee - Read GTN's August issue on-line now
Nicholas Marshall returns... again
Four Oaks trade show director Pat Coutts sadly dies
Garden centres report busiest ever day as gardens are the focus for family re-unions this week - More comments added
Nicholas Marshalls Country House Group pulls out of Windlesham
Suez Canal blockage causes further delays for garden furniture
Joules acquires digitally led retailer Garden Trading
Easter thank you to growers, manufacturers & distributors from British Garden Centres
Elho takes top prize as GIMA Award winners announced
Sustainable decking brand invests in technology to aid its stockist partners
Bill Bickerdike, one of "the gang", has died
Westland call for reality to be brought to the peat debate
Picture Special of the glitzy GIMA Awards evening
Dobbies buy Johnsons of Boston
Government publishes plan to ban peat sales by 2024
Signs of growth for after lockdown
Has the sales volume bubble burst?
Dobbies No 71 opens in Boston, Lincolnshire
Nicholas Marshall interview and Solex On-Line Preview in GTN July 2021 Issue, live on-line now
£1.8m reward for Choice Marketing members
Smart, Kaemingk and Allensmore are Choice Marketing Suppliers of the Year
Alton's praised for tough stance on facemasks
Former LOFA secretary Phil Gibbs receives prison sentence for fraud
Blue Diamond acquires Mere Park Garden Centre
UK’s largest garden centre should get green light, say planning officers
GIMA Golf Day Photo Exclusive
Cherry Lane acquires Langford Garden Centre
Who have been the best buyers of the past eighteen months?
Industry prepares for a peat-less future
Derek Bunker adds his thanks to suppliers for "their efforts throughout this amazing period in garden centre history"
Shed prices set to soar
David Isaac says farewell to Johnsons of Boston
Europlants founder Renato Canale dies, aged 78
East Yorkshire garden centre sells for £1.5m
Petition to get Garden Centres in Scotland and Wales open again as soon as possible gains momentum, but they still need our help
BGC's Harrogate centre opens - Exclusive photo tour
Tong gets go-ahead to build £14m garden centre
57 garden centres vie for Christmas Greatness in GTN's Greatest Christmas Awards
Garden Re-Leaf Day 2021 FUNdraising goes past £35k and is still growing...
With eight weeks to go until Glee 2021, show organisers unveil a new date for next year’s event
Get your copy of GTN Xtra
Online petition launched to get Welsh garden centres re-opened – sign it NOW!
Farewell to the Eddie Topping, the Preston pioneer - UPDATED
GCA Christmas competition winners announced
Martin Stewart leads industry tributes at Memorial Service for Eddie Topping
Joe Swift opens The Plant Room by Camden Garden Centre in Richmond
GIMA Charity Golf Day welcomes the industry back with a day of sunshine and friendly competition
Christmas Future Trends and GTN's Greatest Christmas Awards Winners to be announced during Glee's on-line Festive Focus Day
Alan Roper wins Director of the Year Award
After a fantastic three days at the NEC, the return to Glee "has been really special"
Boyd's 100km in a day and AMES Amble add to the Garden Re-Leaf Day FUNdraising for Greenfingers
Online garden products retailer sold to private equity firm
little dobbies opens its doors in Bristol
AMES UK invest more than £1m in infrastructure and people in response to increasing market demand
Garden Centres re-open in Scotland... and it snows!
Sue Allen and Tammy Woodhouse to Brave the Shave on Garden Re-Leaf Day
Little Dobbies brings Garden Centre Christmas and houseplants to Richmond High Street
Eddie Topping retires
LOFA reports increased freight rates and container crisis
Excited to be back at Glee - GTN September, Glee Preview Issue, on-line here
Private equity group acquires leading garden product firm
Pearson Memorial medal awarded to Adam Wigglesworth of Aylett Nurseries
Turbo charged gardening as February breaks all records
Record end to a record year, up 28% on 2020, up 17% on 2019
Industry taskforce to produce roadmap for a peat-free future
AMES UK reports record revenues in 2020
Wildlife Trusts call for immediate end to peat sales
Hillmount boss warns of disarray for gardeners in Northern Ireland as spring approaches
Christmas Future Trends at Glee's Festive Focus Day
Future proofing your garden centre for maximum flexibility and profitability
No bubble burst yet for garden centre sales volumes
Garden Kitchen by Pugh's is a unique concept
Dobbies strengthens leadership team
Hetland Garden Centre sold to Caulders
Immediate ban on peat use unrealistic, says HTA
The COVID year in numbers
Fordingbridge undertakes major work at Norfolk centre
Lull in sales before mid-Summer
New brands confirmed for Glee 2021
The new revolutionary smokeless fire pit
Pershore School Horticultural Unit, Pershore High School, Worcestershire has unwanted visitors.
Choice Marketing readies ‘Meet the Furniture Buyer’ event
The BBQ game changer!
Sales up by 49% compared to previous nine years, despite being closed for Easter Sunday
Monkton Elm and Old Railway Line scoop top Wales & West honours in GCA Awards
Expansion for family-owned garden lifestyle business
Moving on up… slowly
One good week and gardening sales get going
Glee to return in September 2021
Ho, Ho, Ho! GTN’s Greatest Christmas Awards are back…for real!
Dobbies reports 51% increase in sales
Bestsellers Top 50 charts every week
Buy your subscription to the GTN Bestsellers printed weekly newsletter
12 page GIMA Awards Special in GTN November/December 2021 Issue available on-line
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Joules acquires digitally led retailer Garden Trading
No 17 Most read story in 2021 - From GTN Xtra Issue 6 2021

Joules, the premium British lifestyle brand, has announced that it has acquired The Garden Trading Company Limited (“Garden Trading”), a digitally led retailer of home and garden products inspired by the British countryside and lifestyle trends (the “Acquisition”).

 

Nick Jones, CEO of Joules, commented: “We are delighted to announce the acquisition of Garden Trading, which is a fast-growing and highly complementary brand to Joules in the attractive home, garden & outdoor category. The acquisition will help to increase the Joules customer base, broaden our product offering and strengthen our digital platform, which are three of the Group’s key strategic growth pillars.

 

“The Garden Trading brand shares similar design-led principles to Joules and, as has been demonstrated through its stand-out popularity on the Friends of Joules digital marketplace over the past 15 months, is highly relevant to our customers and their lifestyles.

 

“Garden Trading has a fantastic team and culture, which is closely aligned to Joules’. I am delighted to welcome Garden Trading’s team to the Joules family and look forward to working with them all over the coming years.”

 

Jon Holloway, Founder of Garden Trading, said: “We are delighted to be joining Joules, which is a business and brand I have long admired. Since we started selling through the Friends of Joules digital marketplace more than a year ago it has become increasingly clear how well our products and brand resonate with the Joules customer base. In addition, by working with the Joules team it is clear that we share similar values, culture and customer-centric approach.

 

“I would like to take this opportunity to thank all my colleagues as well as our loyal customers who have helped to develop Garden Trading into the established and popular brand it is today. With the continued dedication of the Garden Trading team alongside the support and infrastructure that Joules offers, I am very confident in the growth opportunities ahead for the Garden Trading brand.”

 

The Joules website states:

 

Garden Trading designs its own range of distinctive home, garden and outdoor products that it sells through its own digital platform direct to consumers and to more than 1,000 stockists across the UK. Garden Trading has seen rapid growth in its e-commerce revenue over recent years as it has broadened its product range and increased its customer base. Garden Trading has been a leading seller on the Friends of Joules digital marketplace since Joules launched the marketplace in 2019.

 

Strategic rationale
The Acquisition supports Joules’ strategy to grow its customer base, broaden its product offer and strengthen its digital platform.

 

The Acquisition strengthens Joules’ position in the important and fast-growing home, garden & outdoor category. Garden Trading has a close cultural alignment with Joules, and both share the same design-led approach to creating distinctive, quality products that are loved by their customers.

 

Joules intends to continue to develop and grow the Garden Trading brand and product range whilst also seeing opportunity to leverage Garden Trading’s design and sourcing strengths to develop a broader range of Joules-branded home, garden and outdoor products.

 

For the year to 30 November 2020, Garden Trading delivered revenue of £16.8 million, up more than 40% on the prior year, and a profit before tax of £2.0 million.

 

The acquisition is expected to be earnings accretive for Joules FY22 financial year.

 

Transaction overview


The consideration for the Acquisition is split between an upfront and a deferred element. The upfront consideration is for £9 million subject to certain customary completion adjustments. The upfront consideration is comprised of a £4.5 million cash payment (on a cash free, debt free basis subject to a normalised level of working capital) and 2.83 million new Joules ordinary shares of 1 pence each (“Ordinary Shares”).

 

The deferred consideration is for up to £3.5 million (of which at least £3 million will be paid in cash and the rest either in cash or Ordinary Shares, at the Group’s discretion), subject to Garden Trading meeting certain targets over the period to 30 November 2021. Any Ordinary Shares issued pursuant to the Acquisition are subject to certain customary lock-up and orderly market arrangements.

Garden Trading’s founder and Managing Director, Jon Holloway, will remain with the business until the end of December 2021.

 

https://www.joulesgroup.com/

 

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