Woollen Mill boss ‘mulls Dobbies bid’

Retail billionaire Philip Day may diversify his Edinburgh Woollen Mill group by making a bid for Dobbies Garden Centres after Tesco put the chain up for sale, according to weekend news reports.

Day’s Edinburgh Woollen Mill group, which includes Peacocks, has joined other potential buyers for Dobbies that include Wyevale Garden Centres, owned by private equity firm Terra Firma.

It is understood that Tesco brought in investment bankers from Greenhill to guage interest in Dobbies.

Tesco bought Dobbies in 2008 under former boss Sir Terry Leahy.

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.