Travis Perkins is ramping up plans to sell its Wickes DIY business and could offload the chain by the middle of next year.
The builders’ merchant, which also owns Toolstation, has started separating Wickes’ IT systems from those used across the rest of the group as it prepares to offload the struggling business, according to The Sunday Times.
The project, being led by Travis Perkins finance chief Alan Williams, could help flush out potential buyers for Wickes.
The potential sale of the business could raise between £400m and £500m.
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