A.F Blakemore today denied its wholesale arm was up for sale following a speculative news story in a national newspaper on Monday.
The Daily Telegraph reported that the Group had appointed City advisors KPMG to “explore a £100m sale” of the business. It further reported that Bestway had “expressed an interest”.
However, an A.F. Blakemore & Son spokesperson told Wholesale News: “A.F. Blakemore & Son Ltd is not for sale and our focus remains upon the company’s core purpose of building a profitable and sustainable family business for the benefit of our staff, customers, suppliers and the communities we serve. A.F. Blakemore has been a family owned business for the past century and is committed to building a successful company for the next 100 years through the delivery of a number of strategic projects in conjunction with our consultant partners. Blakemore Wholesale is part of this strategy and we are looking at all options to develop the business and improve its performance.”
The speculation followed the relaunch of Blakemore Wholesale’s flagship depot at its Wolverhampton HQ. The relaunch follows a major overhaul of suppliers, brands, ranging and merchandising as part of a strategic plan to reposition Blakemore depots nationwide.
For the full story behind the relaunch, don’t miss our interview with MD James Russell in the August issue of Wholesale News – out next week.