Wyevale Garden Centres (WGC) has sold a further two garden centres as it continues to cut back its retail portfolio as part of a turnaround plan.
The Wellingborough centre has been sold to Higgins Landscape and Garden Centres Limited (part of Higgins Building Supplies Limited), and the Wolds View centre to Woodthorpe Hall Centres Limited.
Both buyers said they were “delighted by the opportunity to expand their existing businesses”, and will continue to operate these sites as garden centres.
Roger Mclaughlan, CEO of WGC, said: “We are pleased to have agreed the sale of a further two centres. 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.”
Anthony Jones, chief financial officer of WGC, added: “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. We look forward to further positive discussions with all potential buyers.”