MILTON KEYNES, England — Several turnaround investors are mulling plans to take over troubled DIY banner Homebase amid growing speculation that parent Home Retail Group is getting ready to put it on the auction block. Homebase’s 360 stores have struggled for years to keep up with rival B&Q, and some 70% of Home Retail’s profits are from catalogue retailer Argos. The appointment of John Walden this year as group CEO fed rumours of a sale when he announced a full-scale review of the company, according to the Telegraph.
Turnaround funds eye UK’s Homebase
Most Recent
Most Read
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024
Amazon announces first quarter results, triples profits
Wed, May 01st, 2024
Peavey marks grand opening in Manitoba
Tue, April 30th, 2024
Hiring in Ontario? Legislation around job postings has changed
Tue, April 30th, 2024