Full list of 74 Homebase stores up for sale with major brands among potential buyers

Marks & Spencer (M&S) and B&Q are among 2 companies considering buying up dozens of Homebase stores aft the DIY concatenation went into medication earlier this month.

M&S and Kingfisher, who ain B&Q, person emerged arsenic the apical 2 competitors vying to drawback up astir 20-25 Homebase stores each, up of a deadline for offers connected Friday.

Homebase announced they were closing 74 stores nationwide earlier this month, which means up to 2,000 jobs could beryllium saved if the woody goes through.

Property manufacture sources said Home Bargains, the privately owned homewares retailer, is besides funny acquiring a tiny fig of Homebase sites.

Hilco Capital, which bought Homebase for £1 successful 2018, has been trying to equilibrium the books for years. Before being taken over, the concatenation had 250 stores and immoderate 11,50 staff.

Losses were blamed connected much ‘cautious’ customers amid the outgo of living crisis. 

The Range, founded by Chris Dawson, has besides taken connected astir 1,600 Homebase employees.

The Range proprietor Chris Dawson, branded the ‘Del Boy Billionaire’, told The Telegraph: ‘We are delighted to beryllium capable to prevention truthful galore stores and jobs, and look guardant to adding the Homebase marque and subsidiaries to the expanding Range radical of companies.’

But this leaves immoderate 2,000 jobs inactive successful limp. Buyers person a deadline of November 26 to snag immoderate of the remaining branches.

Between years of austerity, a worldwide pandemic and a cost of living crisis, it hasn’t been the champion clip precocious to beryllium a high-street retailer.

As one Metro.co.uk columnist asked successful 2013: ‘Is the decease of the precocious thoroughfare inevitable?’

According to the Centre for Retail Research, 25 businesses person failed this year, affecting 760 stores and astir 15,400 employees.

The Post Office lone contiguous revealed 115 branches whitethorn shutter, joining WHSmith, Wetherspoons and Marks and Spencer successful closing stores.

This nonfiction was archetypal published connected November 13

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