Home Business News Travis Perkins to demerge Wickes

Travis Perkins to demerge Wickes

by LLB Reporter
31st Jul 19 1:36 pm

Wickes the kitchen and bathroom retailer is to be sold by their owners Travis Perkins as they are wanting to simplify the group.

Travis want to focus their attention on appealing to DIY enthusiasts and trade customers, however investors will be very interested in the Wickes deal.

The deal could net the shareholders a whopping £400m and £500m in Travis Perkins when sold in 2020.

The company said, “The demerger of Wickes is a key component of the overall Travis Perkins strategy to focus on trade customers and to simplify the group.”

Travis Perkins added, “The board believes that Wickes, under a management team led by David Wood, is well positioned to thrive as a stand-alone business.

“Wickes will have the autonomy to execute on its strategy and allocate capital to its customer proposition and growth opportunities with a clearer focus.”

 

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