Business News: Tesco sold It’s Chain Dobbies for £217m


Tesco has sold its garden centre chain Dobbies for £217m as the retailer continues with its strategy of focusing on its supermarket business.Dobbies has been sold to a group of investors led by Midlothian Capital Partners and Hattington Capital.
The sale comes a week after Tesco announced the sale of UK restaurant chain Giraffe and its Turkish business.
Tesco bought Dobbies in 2007 for £150m and it is now the UK’s second largest gardening retailer.
The sales are part of attempts by Tesco chief executive Dave Lewis to revive the retail giant’s fortunes.

Positive SSL