Homebase collapses into administration
Homebase owner Hilco who had been looking to sell the struggling retailer, was not successful in finding an outright buyer. Homebase in the meanwhile has collapsed into administration putting 2, 000 jobs at risk. Plymouth-based tycoon Chris Dawson’s The Range, owner of Homeware chain is buying 70 stores and the brand, safeguarding 1, 600 jobs. The remaining 49 stores and the head office, are in the hands of Teneo the administrator. Homebase CEO Damian McGloughlin said the past three years had been incredibly challenging for DIY stores. Restructuring specialist Hilco, which rescued music chain HMV in 2013 Homebase recently completed … Continue reading Homebase collapses into administration
