Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

Business

Homebase Faces Second Sale in Four Years as Talks with Potential Buyers Emerge

Homebase, the DIY and garden chain, could soon change hands once again as talks with several potential buyers, including The Range and B&M European Value Retail, have emerged.

Hilco Capital, which acquired Homebase for £1 in 2018, is reportedly exploring discussions with various parties regarding the sale of the brand name, intellectual property, and its 170 stores across the UK and Ireland.

Sources familiar with the matter suggest that Hilco may be seeking to divest Homebase after extracting the desired value from the business, marking a potential exit for the turnaround specialist.

The journey of Homebase under Hilco’s ownership began after a tumultuous period under Wesfarmers, its previous Australian owner. Following Wesfarmers’ acquisition for £340 million, Homebase faced challenges including underestimated competition and misaligned strategies with the British retail landscape.

Upon acquiring Homebase, Hilco initiated a company voluntary arrangement (CVA) to restructure leases and shutter unprofitable stores. Subsequently, Homebase improved profitability and renegotiated most of its leases, leading to an early conclusion of the arrangement.

While Hilco initially sought a sale in 2020 amidst a surge in home improvement spending during the pandemic, talks with potential bidders, including Hugh Osmond’s Osmond Capital, did not materialize into a deal.

Speculation suggests that potential buyers such as CDS Superstores International, owner of The Range and Wilko, may consider acquiring parts of Homebase. However, CDS has stated that it is not engaged in active discussions at present.

Industry observers suggest that a sale to retailers like CDS Superstores, B&M, Home Bargains, or Dunelm would align with their product offerings.

Despite uncertainties highlighted in Homebase’s financial statements regarding funding, the company asserts it has received necessary funding and maintains significant liquidity to sustain operations.

As discussions continue, stakeholders await further developments regarding the potential sale of Homebase, marking another chapter in the retailer’s journey amidst evolving market dynamics.

Hilco, Homebase, and B&M declined to comment on the matter.

Read more:
Homebase Faces Second Sale in Four Years as Talks with Potential Buyers Emerge

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    World News

    BEIJING — China landed an uncrewed spacecraft on the far side of the moon on Sunday, overcoming a key hurdle in its landmark mission...

    World News

    LONDON — Talks aimed at reaching a global agreement on how to better fight pandemics will be concluded by 2025 or earlier if possible,...

    World News

    SINGAPORE — Ukrainian President Volodmyr Zelensky’s unscheduled appearance at Asia’s biggest security conference dominated proceedings on Sunday after China’s defense chief slammed “separatists” in...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 rightdecisionnow.com | All Rights Reserved