Dobbies, the UK-based garden centre retailer with 77 locations and over 3,500 employees, is facing significant financial difficulties. Ares Management, which acquired Dobbies from Midlothian Capital, is planning a company voluntary arrangement (CVA) to restructure the business, with the assistance of FTI Consulting. A challenging summer season has seen the UK garden sector struggle with suppressed sales due to adverse weather, contributing to Dobbies’ financial woes. The restructuring plans are expected to include store closures.
Retail, Private Equity,United Kingdom