Ares Management, which acquired Dobbies from Midlothian Capital, is understood to be seeking to restructure the business via a CVA process with support from FTI Consulting.
Dobbies has been losing money for some time, and it seems likely that store closures are imminent. The garden centre business has some 77 sites and employs over 3,500 people.
The UK garden sector has experienced a tough summer with adverse weather conditions suppressing sales.
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