Travis Perkins eyes potential Wickes sale

Wickes crawley retail warehouse

Travis Perkins has said it is “reviewing options” for its 200 store Wickes chain which could include a potential sale of the business.

In a strategy update, the building materials group confirmed the sale of its plumbing and heating business while also looking at ways to update Wickes stores and looking at “options to maximise the value” of DIY chain Wickes “in the medium term”. The moves come as part of efforts to “streamline and simplify” the business as part of an ongoing business review launched by Travis Perkins in July.

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