Wyevale is now a leisure company, not a garden company - Hands

Wyevale Garden Centres has moved from being a horticulture-based business to becoming a leisure company, says owner Terra Firma chairman chairman Guy Hands.


He said: "It’s a difficult market to find businesses that are reasonably priced, and one can say have a good long-term story. We tend to go for businesses where there’s a strong transformational element to them. Something like The Garden Centre Group is a good example of that where we’ve moved it from being plant- and horticultural-based to making it more like a leisure company."

Hands claimed "earnings have doubled and the management team believe they can double earnings again over the next three or four years".

Meanwhile, The Guardian has speculated that Tesco might sell its Dobbies Garden Centre chain to plug a profits gap.

Tesco bought Dobbies for £156m in 2007 "at the height of the pre-recession spending boom when being 'green' and green-fingered was all the rage. Not much has been heard about the still-Edinburgh-based garden chain since." said the newspaper. Dobbies most recent figures, for the year to 24 February 2013 saw profits down 30 per cent to £7.3m on sales of £137.4m.

The Guardian added: "A sale would not make that much difference to Tesco’s coffers but [new chief executive Dave] Lewis may think pruning its UK empire will make it healther in the long-term."

Neither company commented.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Business Planning - Staff are your greatest asset

Business Planning - Staff are your greatest asset

An effective strategy to retain staff is the best way for any business to avoid a potential recruitment crisis, Neville Stein advises.

Why are small garden centre groups expanding?

Why are small garden centre groups expanding?

After Coolings bought a third site in Kent this October, what is driving garden centres to add extra locations to their offer?

Is targetting younger buyers a distraction for garden centres?

Is targetting younger buyers a distraction for garden centres?

Garden centres may be better off looking towards their traditional demographic than chasing young customers.

Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES 2017

See our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation

Read latest articles