Homebase racked up debts of over £730m ahead of collapse Retail The company behind Homebase owed more than £730m when it collapsed into administration before the brand was partially saved by the owner of The Range, it has been revealed. Retail group CDS, which also owns Wilko, took on 70 stores and secured the future of up to 1,600 jobs at the troubled DIY and garden [...]
The Range owner confident of sales success but Homebase rescuer struggles to return to profit Retail The owner of The Range has forecasted a continued rise in its sales as it carries on taking advantage of “high profile retail casualties” after rescuing Wilko and Homebase. CDS (Superstores International) hit the headlines again recently when it snapped up part of strike DIY chain Homebase out of administration. The move came after the [...]
Homebase sold in rescue deal to CDS but 2,000 jobs still at risk Retail Homebase has been sold in a rescue deal to retailer CDS in a move securing up to 1,600 jobs and 70 stores, administrator Teneo has said, but around 2,000 workers and 49 shops still remain at risk.
What Homebase staff and shoppers need to know as ‘Del Boy billionaire’ behind The Range nears rescue deal November 13, 2024 Staff at DIY chain Homebase and its customers have been issued advice as the so called ‘Del Boy billionaire’ behind The Range edged closer to a rescue deal. It emerged this morning that Chris Dawson is in talks to snap up around 70 Homebase stores as part of a pre-pack administration. Speaking to The Telegraph, [...]
The Range is eyeing up Homebase – but do the brands go together? July 25, 2024 Six years after initially rescuing Homebase, Hilco Capital has had an expression of interest from The Range over a potential sale. While talks are at an early stage, data from YouGov BrandIndex suggests that, if the acquisition does eventually go through, it may be a well-built match. Firstly, both are well regarded, and each might [...]
Shopping centre giant Capital & Regional pushes back takeover deadline June 20, 2024 Shopping centre giant Capital & Regional has delayed the bidding deadline for its potential takeover by Newriver REIT.
Discount retailer B&M beats ‘lockdown peak’ but shares slip as analysts left with ‘more questions than answers’ June 5, 2024 Bargain retailer B&M has exceeded its “lockdown peak” as the firm reveals it is trading at the higher end of its guidance thanks to Brits sniffing out a bargain
As Greggs opens its 2,500th shop, the bakery chain is on a roll May 16, 2024 Alongside the launch of its new summer menu, Greggs recently announced that it was opening its 2,500th shop – a “significant milestone” in the company’s five-year growth plan, which was originally announced in October 2021. A lot has happened since then: the end of lockdowns, and the beginning of a cost-of-living crisis. But has Greggs’ [...]
Bargain-loving Brits help drive profit at B&M with 45 new stores in the pipeline April 16, 2024 Value retailer B&M Bargains is expecting profits to come in at the top range of guidance, as demand for bargain goods continues to surge amid the cost of living crisis.
Retail apocalypse: More than 2,000 stores went bust as UK high streets suffer April 8, 2024 Over 2,000 retailers have gone bust in the last year, a new report has found, delivering another blow to the UK’s struggling retail sector.