Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Builders merchant chain Travis Perkins is moving forward with plans to offload its Wickes retail division.
Simon King has been replaced as chief executive of the division by former Tesco executive David Wood and the group is said to be in the process of separating Wickes’ IT systems from the rest, according to the Sunday Times
In December, the group said it was reviewing options to maximise the value of Wickes and the plumbing and heating division has been on the market since then.
Wickes’ sales have shown 10.5% growth in the first quarter of 2019, having fallen by 4.45 year on year last year.
