{"id":90941,"date":"2021-03-24T10:24:03","date_gmt":"2021-03-24T10:24:03","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=90941"},"modified":"2021-03-24T10:24:03","modified_gmt":"2021-03-24T10:24:03","slug":"wickes-demerger","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/","title":{"rendered":"Travis Perkins moves forward with Wickes demerger"},"content":{"rendered":"

Travis Perkins<\/a> is set to move forward on Wickes<\/a> demerger plans, after placing the process on hold in order to focus on managing through the Covid-19 pandemic<\/h2>\n

Having completed the vast majority of the work on the Wickes demerger on 20 March 2020 Travis Perkins announced it had placed the process on hold<\/a> in order to focus on managing through the Covid-19 pandemic and to maximise liquidity across the group.<\/p>\n

However, the board has now revealed it will recommence the Wickes demerger process on 2 March 2021.<\/p>\n

The demerger will enable the management teams of Travis Perkins<\/a> and Wickes to pursue their own independent strategies.<\/p>\n

Each company will focus on executing a distinct business plan to deliver the best service to its primary customer base and allocating capital in the optimum way to deliver sustainable returns into the future.<\/p>\n

The Wickes demerger process has now been submitted to the Financial Conduct Authority for approval.<\/p>\n

\u2018A significant milestone\u2019<\/h3>\n

Nick Roberts, chief executive officer of Travis Perkins Group, commented: \u201cI am very pleased that we have reached a significant milestone in the process to demerge Wickes from the Travis Perkins group.<\/p>\n

\u201cIt is testament to the strength of both the group and Wickes operating models that we are back on track to complete the demerger despite the pandemic.<\/p>\n

\u201cThe demerger is an important step towards simplifying the group and enabling Travis Perkins to focus on its trade customers.<\/p>\n

\u201cThe separation will allow both businesses to allocate capital to drive growth and further enhance their market leading positions.\u201d<\/p>\n

David Wood, chief executive officer of Wickes, added: \u201cThis is a key milestone on our journey to listing on the London Stock Exchange as a standalone business in what will be a transformational moment for Wickes.<\/p>\n

\u201cI am very proud of our performance last year amid the challenges faced by our colleagues, our supply partners and, of course, our customers. The results we delivered during this period are evidence of the strength of our unique proposition, digital capability and efficient operating model, which has enabled us to respond rapidly to the changing demands of our customers.<\/p>\n

\u201cThe past year has prompted many of us to think differently about our how we use our homes, and as a result, we are seeing strong demand from customers who are looking to make changes to their living spaces.<\/p>\n

\u201cWe are able to provide customers with everything they need to achieve their home improvement plans and we are well placed to capitalise on the exciting growth opportunities we see in our markets while creating long-term value for all our stakeholders.<\/p>\n

\u201cThe current year has started well and we are confident in continuing to deliver sales growth ahead of the market for the full year.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Travis Perkins is set to move forward on Wickes demerger plans, after placing the process on hold in order to focus on managing through the Covid-19 pandemic.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[308],"tags":[615,676,431],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-90941","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-plant-equipment-supplies-news","7":"tag-builders-merchant","8":"tag-construction","9":"tag-plant-equipment-supplies"},"acf":[],"yoast_head":"\nTravis Perkins moves forward with Wickes demerger<\/title>\n<meta name=\"description\" content=\"Travis Perkins is set to move forward on Wickes demerger plans, after placing the process on hold in order to focus on managing through Covid-19\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Travis Perkins moves forward with Wickes demerger\" \/>\n<meta property=\"og:description\" content=\"Travis Perkins is set to move forward on Wickes demerger plans, after placing the process on hold in order to focus on managing through the Covid-19 pandemic\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building & Construction Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PBCToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-24T10:24:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2021\/03\/dreamstime_xxl_142804645.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steph Blundell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Travis Perkins moves forward with Wickes demerger\" \/>\n<meta name=\"twitter:description\" content=\"Travis Perkins is set to move forward on Wickes demerger plans, after placing the process on hold in order to focus on managing through the Covid-19 pandemic\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/Steph_PBCToday\" \/>\n<meta name=\"twitter:site\" content=\"@PBC_Today\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/\"},\"author\":{\"name\":\"Steph Blundell\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/baf6766a43e70a35cada0c600519a2fb\"},\"headline\":\"Travis Perkins moves forward with Wickes demerger\",\"datePublished\":\"2021-03-24T10:24:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/\"},\"wordCount\":458,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"},\"keywords\":[\"Builders merchant\",\"Construction Processes\",\"Plant Equipment & Supplies\"],\"articleSection\":[\"Plant, Equipment & Supplies News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/\",\"name\":\"Travis Perkins moves forward with Wickes demerger\",\"isPartOf\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#website\"},\"datePublished\":\"2021-03-24T10:24:03+00:00\",\"description\":\"Travis Perkins is set to move forward on Wickes demerger plans, after placing the process on hold in order to focus on managing through Covid-19\",\"breadcrumb\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.pbctoday.co.uk\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Travis Perkins moves forward with Wickes demerger\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#website\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/\",\"name\":\"Planning, Building & Construction Today\",\"description\":\"The Latest Planning, Building & Construction News\",\"publisher\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.pbctoday.co.uk\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\",\"name\":\"Planning, Building & Construction Today\",\"alternateName\":\"PBC Today\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"contentUrl\":\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Planning, Building & Construction Today\"},\"image\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/PBCToday\/\",\"https:\/\/x.com\/PBC_Today\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/baf6766a43e70a35cada0c600519a2fb\",\"name\":\"Steph Blundell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/62283f53e7b9ae55cd3516832342b97ce87c86f2c2130dfce68124d194b36df8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/62283f53e7b9ae55cd3516832342b97ce87c86f2c2130dfce68124d194b36df8?s=96&d=mm&r=g\",\"caption\":\"Steph Blundell\"},\"description\":\"Steph is the Senior Digital Editor here at PBC. When she\u2019s not working hard on cranking out first-class content for our online viewers to enjoy, she\u2019s keeping our social media lively and up to date\u2026 you could call her a social media guru? We\u2019re sure she\u2019d like that. With a BA in English and Journalism, Steph isn\u2019t fazed by attention to detail; on the contrary, she enjoys getting her teeth into a good article. In her downtime Steph loves nothing more than getting together with friends to enjoy a few (several) gin and tonics. Think you\u2019ve got some content Steph would be interested in? You can contact her either by phone on (01270) 502876 or by email at sblundell@pbctoday.co.uk\",\"sameAs\":[\"https:\/\/www.pbctoday.co.uk\",\"https:\/\/www.linkedin.com\/in\/steph-blundell\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/Steph_PBCToday\"],\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/author\/stephblundell\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Travis Perkins moves forward with Wickes demerger","description":"Travis Perkins is set to move forward on Wickes demerger plans, after placing the process on hold in order to focus on managing through Covid-19","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/","og_locale":"en_US","og_type":"article","og_title":"Travis Perkins moves forward with Wickes demerger","og_description":"Travis Perkins is set to move forward on Wickes demerger plans, after placing the process on hold in order to focus on managing through the Covid-19 pandemic","og_url":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/","og_site_name":"Planning, Building & Construction Today","article_publisher":"https:\/\/www.facebook.com\/PBCToday\/","article_published_time":"2021-03-24T10:24:03+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2021\/03\/dreamstime_xxl_142804645.jpg","type":"image\/jpeg"}],"author":"Steph Blundell","twitter_card":"summary_large_image","twitter_title":"Travis Perkins moves forward with Wickes demerger","twitter_description":"Travis Perkins is set to move forward on Wickes demerger plans, after placing the process on hold in order to focus on managing through the Covid-19 pandemic","twitter_creator":"@https:\/\/twitter.com\/Steph_PBCToday","twitter_site":"@PBC_Today","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/#article","isPartOf":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/"},"author":{"name":"Steph Blundell","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/baf6766a43e70a35cada0c600519a2fb"},"headline":"Travis Perkins moves forward with Wickes demerger","datePublished":"2021-03-24T10:24:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/"},"wordCount":458,"commentCount":0,"publisher":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization"},"keywords":["Builders merchant","Construction Processes","Plant Equipment & Supplies"],"articleSection":["Plant, Equipment & Supplies News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/#respond"]}],"copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/","url":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/","name":"Travis Perkins moves forward with Wickes demerger","isPartOf":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#website"},"datePublished":"2021-03-24T10:24:03+00:00","description":"Travis Perkins is set to move forward on Wickes demerger plans, after placing the process on hold in order to focus on managing through Covid-19","breadcrumb":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/wickes-demerger\/90941\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.pbctoday.co.uk\/news\/"},{"@type":"ListItem","position":2,"name":"Travis Perkins moves forward with Wickes demerger"}]},{"@type":"WebSite","@id":"https:\/\/www.pbctoday.co.uk\/news\/#website","url":"https:\/\/www.pbctoday.co.uk\/news\/","name":"Planning, Building & Construction Today","description":"The Latest Planning, Building & Construction News","publisher":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.pbctoday.co.uk\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.pbctoday.co.uk\/news\/#organization","name":"Planning, Building & Construction Today","alternateName":"PBC Today","url":"https:\/\/www.pbctoday.co.uk\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg","contentUrl":"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2022\/01\/pbctoday-logo-yoast-seo-organisation-1920-1080-001.jpg","width":1920,"height":1080,"caption":"Planning, Building & Construction Today"},"image":{"@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PBCToday\/","https:\/\/x.com\/PBC_Today"]},{"@type":"Person","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/baf6766a43e70a35cada0c600519a2fb","name":"Steph Blundell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/62283f53e7b9ae55cd3516832342b97ce87c86f2c2130dfce68124d194b36df8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/62283f53e7b9ae55cd3516832342b97ce87c86f2c2130dfce68124d194b36df8?s=96&d=mm&r=g","caption":"Steph Blundell"},"description":"Steph is the Senior Digital Editor here at PBC. When she\u2019s not working hard on cranking out first-class content for our online viewers to enjoy, she\u2019s keeping our social media lively and up to date\u2026 you could call her a social media guru? We\u2019re sure she\u2019d like that. With a BA in English and Journalism, Steph isn\u2019t fazed by attention to detail; on the contrary, she enjoys getting her teeth into a good article. In her downtime Steph loves nothing more than getting together with friends to enjoy a few (several) gin and tonics. Think you\u2019ve got some content Steph would be interested in? You can contact her either by phone on (01270) 502876 or by email at sblundell@pbctoday.co.uk","sameAs":["https:\/\/www.pbctoday.co.uk","https:\/\/www.linkedin.com\/in\/steph-blundell\/","https:\/\/x.com\/https:\/\/twitter.com\/Steph_PBCToday"],"url":"https:\/\/www.pbctoday.co.uk\/news\/author\/stephblundell\/"}]}},"publishpress_future_action":{"enabled":false,"date":"2026-10-10 10:10:14","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/posts\/90941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/comments?post=90941"}],"version-history":[{"count":0,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/posts\/90941\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/media?parent=90941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/categories?post=90941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/tags?post=90941"},{"taxonomy":"stakeholder_rel_tag","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/stakeholder_rel_tag?post=90941"},{"taxonomy":"contributor_rel_tag","embeddable":true,"href":"https:\/\/www.pbctoday.co.uk\/news\/wp-json\/wp\/v2\/contributor_rel_tag?post=90941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}