We are seeking a hard-working, dedicated full time merchandiser/area representative to look after our accounts across the West Midlands and North Wales responsible for approximately 60 stores, merchandising our unique In-store TV promotional display stands.
Dobbies refuses to comment on restructure plan rumour
Dobbies Garden Centres has refused to comment on speculation that the company is planning a major restructure which could lead to store closures and substantial rent reductions...
Sky News reported that Dobbies was working on a restructuring plan, claiming that advisers from FTI Consulting have been brought in to work on the proposals.
Dobbies, controlled by major American investor Ares Management, is grappling with widening losses, which reached £130 million in its latest annual results, up from the £21.3 million loss reported the previous year. The garden centre group blamed unseasonable weather and high inflation for the disappointing figures.
The company has 77 stores across the UK with a workforce of 3,700, and it’s unclear how many with be affected by a restructuring plan.
Sky News says if the proposals are not approved by creditors, an insolvency process of some kind is likely.
GTN Xtra approached Dobbies for comment but a spokseperson for the company said: "We have no comment to make on this."
Why, oh why, do these companies buy up everything they can see? Then they have to restructure eventually because they have overstretched themselves. Just like the predatory Wyevale Garden Centres.
John Wallis
John Wallis
The problem is they buy companies that they do not understand how they work.
Pure greed payback time.
The problem is they buy companies that they do not understand how they work.
Pure greed payback time.