Private equity firm puts East Midlands garden centres up for sale

Wyvale Garden Centre, which has outlets throughout the East Midlands, is up for sale.

Owner Terra Firma, the private equity house, wants to offload the portfolio of 145 garden centres, which range from horticultural centres to major leisure destination venues.

Roger Mclaughlan, chief executive of Wyevale Garden Centres adds, “Wyevale Garden Centres has been transformed beyond recognition over the last few years, and our customers are responding really positively to all the improvements we’ve been making, with improved ranges, high stock availability and exceptional garden centre standards. Our improved business has engaged colleagues and put customers at the heart of what we do. Thanks to the hard work of all of our colleagues, we remain firmly on track to grow our sales and profits this year.”

Christie & Co has been appointed to advise on the sale.

Steve Rodell, managing director – retail at Christie & Co, added: “The garden centre market is vibrant and on an upwards trajectory. In recent years garden centres have become much more than places just to buy plants, evolving to become wider leisure and retail destinations with play centres for children, restaurants and other activities designed to improve the shopping experience. These attractive consumer fundamentals with multiple income streams mean the market is likely to be resilient to headwinds experienced by the high-street.”

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