Mon, 20 Jun 2016 | DIVISION SALE
With the sale of the Dobbies Garden Centres chain announced on 17 June 2016, focus has turned to the possible sale of Tesco’s remaining non-core businesses, including the Harris + Hoole coffee shop chain.
Tesco had only acquired full control of the artisan chain Harris + Hoole in February of this year. The grocer had originally only taken a non-controlling 49 per cent stake in the high street business in 2012. However, with Tesco continuing with its plan to sell off all of its non-core businesses, including the Giraffe restaurant chain, speculation is now brewing that the sale of Harris + Hoole will be next.
In addition to the aforementioned sale of Giraffe, Tesco has recently offloaded many of its other non-core businesses, including Tesco China, Tesco Korea, Blinkbox, Hudl, Nutricentre and Kipa. The sale of Dobbies Garden Centres is the latest casualty in the list, leaving only Harris + Hoole and Euphorium Bakery as non-core businesses most likely to be sold soon if Tesco can find a buyer.
Harris + Hoole was jointly founded in 2012 by three members of the Tolley family, who subsequently exited the business in July 2015 in order to concentrate on their Taylor St Baristas chain. Currently, Harris + Hoole operates 46 artisan coffee shops in and around London and the South East, some of which are located within Tesco superstores. The business employs around 500 staff.
UPDATE: Caffè Nero has just bought the Harris + Hoole coffee chain, allowing them to quickly expand into supermarkets.
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