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.