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Tesco said yesterday that it is selling its Dobbies Garden Centres division in the UK for the equivalent of $319 million, as it continues its ongoing effort to get rid of businesses that it sees as non-core. Tesco bought Dobbies in 2007, a time of rapid expansion for the company from which it now is trying to recover.

The buyer is an investors group led by Midlothian Capital Partners and Hattington Capital.

In a prepared statement, Tesco CEO Dave Lewis said that "it was a difficult decision to sell the business, but we believe this agreement will give Dobbies a bright future, while allowing our UK retail business to focus on its core strengths.”
KC's View:
Ahhh ... yet another trick performed by The Amazing Shrinking Tesco.