Travis Perkins accelerates Wickes disposal plans
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.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.