Dobbies’ restructuring plan has been approved by the Court of Session in Scotland. The garden centre chain is hoping the changes to the business will help it to return to sustainable profitability and access future investment.
Dobbies will exit the leases of 12 of its loss making sites, while an additional two sites in Morpeth and Stapleton will move to other garden centre operators.
A spokesperson for the business said: “We are pleased to have worked constructively with landlords on the restructuring plan (RP). The approval of the RP means we can now be focused on the future, building a strong platform for a return to profitability in our stores across the UK.”
Dobbies was bought last year by Ares Management investment company. The group fell to a £105.2m pre-tax loss in the year ending March 2023, compared to a £7m loss the previous year.
Top: Dobbies is hoping to return to profitability.
