Wolseley puts the record straight on Bathstore sale
Published: 17 November, 2010
LEAMINGTON SPA: In a follow-up to the 'Bathstore sale under way' story of 15 November, a Wolseley spokesperson said: "While we do not comment on market speculation, we would like to correct the assertion that we announced in March an intention to sell 19 non-core businesses".
The spokesperson continued:"Wolseley's chief executive officer Ian Meakins announced that a number of businesses on an 'improve or sell' list had been tasked with improving their profitability over a two-year period to enable the company to decide whether they should be reclassified within the Wolseley portfolio or whether we should exit them because they do not fit longer-term. This process is ongoing."