Wyevale sells another two garden centres

Wyevale sells

Wyevale has announced the sale of another two of its stores as part of an ongoing scheme to trim down its estate.

The garden retailer said its Wellingborough centre in Northamptonshire has been sold to  Higgins Landscape and Garden Centres, while the Wolds View store in Lincolnshire has been offloaded to Woodthorpe Hall Centres.

The sales are expected to be complete be complete by the end of this month.

Wyevale said both buyers were “delighted” by the opportunity to expand their existing businesses and will continue to operate these sites as garden centres.

“We are pleased to have agreed the sale of a further two centres,” Wyevale chief executive Roger Mclaughlan said.

“We would like to thank our great colleagues at these centres, who have been central to our turnaround in the past few years, and wish them well for the next stage of their growth and development under new ownership.”

The latest sales mean Wyevale has now sold 37 of its stores since it first announced plans to do so May, after a huge investment scheme saw the garden retailer return to profitability.

“Since the launch of the sale process in May we have now sold 37 ‘non-core’ centres and are currently evaluating a wide range of competitive offers from the group buyers, regional operators and local entrepreneurs,” Wyevale chief financial officer Anthony Jones said.

“We look forward to further positive discussions with all potential buyers.”

Another buyer of Wyevale’s estate includes rival Dobbies, which snapped up at least six stores in the past few months.

Wyevale said it continues to receive a number of offers for all or part of its remaining business from national, regional and financial operators as well as local entrepreneurs.

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