A discount store owner described as a 'Del Boy billionaire' has stepped in to save Homebase, the popular DIY and garden retailer, from the brink of collapse.
A discount store owner described as a "Del Boy billionaire" has stepped in to save Homebase, the popular DIY and garden retailer, from the brink of collapse. Earlier today it was revealed that 130 Homebase stores were facing possible closure in a move that marks yet another major setback for the British high street.However, it's now emerged that Chris Dawson, owner of retail giant The Range, has stepped in to save 70 of the stores - with the fate of 50 still hanging in the balance.
The latest developments come as Homebase joins a growing list of high street names, including Carpetright, The Body Shop, Wilko, and Paperchase, all of which have recently succumbed to financial pressures.Last summer, Hilco began a formal process to sell Homebase, with retail chain The Range among the interested buyers. Despite early negotiations, a deal was not reached.
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