Tesco plans to sell Dobbies – report

Tesco is drawing up plans to sell loss-making businesses including Midlothian-based Dobbies Garden Centres in order to focus on core operations, according to Sky News.

Sky News said Tesco had appointed investment bank Greenhill to work on the sale of Dobbies.

Dobbies was bought by Tesco in 2008.

A Tesco spokesman said the company did not comment on “rumour and speculation.”

Dobbies has 35 garden centres across the UK, many of which are attached to Tesco stores, but posted a £48 million loss in its 2014-15 financial year after writing down the value of real estate.

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.