UK: Blue Diamond targets £200 million turnover within five years

Blue Diamond is targeting further UK expansion – including the construction of new garden centres – and aiming for turnover approaching £200m. within the next five years.

The Guernsey-headquartered garden centre group said that it was confident of growth following the purchase of nine former Wyevale garden centres in the UK last year along with several new build sites in the pipeline.

The purchase of the former Wyevale sites was completed in mid-August, with a refurbishment programme to bring them up to the Blue Diamond standard beginning in January of this year and continuing through to 2020.

‘The aim is to double the turnover of these businesses over the coming years, which is based on benchmarking their current performance relative to retail space against our performance’ said Blue Diamond managing director Alan Roper, writing in the group’s annual report and consolidated financial statements for 2018.

Read more at Guernsey Press (Will Green)

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