Travis Perkins says demerger of Wickes to be completed by middle of next year

Wickes Crawley store front

Wickes owner Travis Perkins has hailed the progress it has made in its bid to offload the retailer and says the demerger will be complete by the second quarter of 2020.

In an update on the stock exchange this morning, Travis Perkins said the demerger process is “progressing well, and is on track to be completed in the second quarter of 2020”.

The builders merchant said it would be hosting a capital markets event focused entirely on the Wickes business on January 29, 2020.

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