Major retailers 'in talks' to buy collapsed Homebase sites before deadline today

Marks and Spencer and Kingfisher - the proprietor of B&Q - person some expressed involvement successful buying immoderate Homebase sites according to reports

Three large high street retailers are reportedly eyeing up dozens of Homebase stores aft it fell into medication this month.

Marks and Spencer and Kingfisher - the proprietor of B&Q - person some expressed involvement successful buying immoderate Homebase sites according to a study from Sky News. The 2 companies are believed to beryllium preparing offers for betwixt 20 and 25 Homebase stores. It is not wide precisely however galore - oregon which stores - could beryllium saved.

Sky News besides reports that discount elephantine Home Bargains is besides successful the premix to instrumentality connected a tiny fig of Homebase sites. The location and DIY concatenation collapsed into medication earlier this period putting 74 stores and astir 2,000 jobs astatine risk. The deadline for offers is today.

CDS (Superstores) International, the proprietor of The Range and Wilko, snapped up the Homebase brand, IP and up to 70 stores earlier this month, leaving astir 50 stores left. All of these stores are acceptable to beryllium rebranded arsenic The Range shops. The scope besides took connected astir 1,600 Homebase workers.

Back successful August, 10 Homebase stores were sold to Sainsbury's. The woody was completed successful September, and the caller sites are acceptable to unfastened by the summertime of 2025. Sainsbury's said the woody - which included the redesign of the caller stores - would outgo it £130million overall.

Hilco Capital - which bought Homebase for £1 backmost successful 2018 - drafted successful the businesses absorption steadfast Teneo earlier this twelvemonth to research aggregate cost-saving options aft the retailer reported a £84million nonaccomplishment successful the twelvemonth to January 2023 from a nett of £30million the twelvemonth prior.

Sales besides plummeted from £788million to £701million during the period. The steadfast was past appointed arsenic the head erstwhile the steadfast collapsed this month. Damian McGloughlin, main enforcement of Homebase, said astatine the clip of the announcement: "It has been an incredibly challenging 3 years for the location and plot betterment market. My precedence is and continues to beryllium our squad members, and I recognise that this quality volition beryllium unsettling for them."

Both M&S and Kingfisher person declined to remark connected the reports. The Mirror has reached retired to Teneo for comment.

Full database of Homebase stores connected the market

• Abingdon, Oxfordshire
• Alnwick, Northumberland
• Altrincham Retail Park, Manchester
• Junction One Retail Park, Antrim, Northern Ireland
• Barnstaple, Devon
• Basildon, Essex
• Basingstoke, Hampshire
• Shane Park, Belfast
• Berwick upon Tweed, Northumberland
• Biggleswade, Bedfordshire
• Battery Retail Park, Birmingham
• Bishop Auckland, County Durham
• Bracknell, Berkshire
• Enterprise Five Retail Park, Bradford
• Branksome, Poole
• Bridgend Retail Park, Bridgend, Wales
• Broadstairs, Kent
• Bury St. Edmunds, Suffolk
• The Orbital Retail Centre, Cannock, Staffordshire
• Horsted Retail Park, Chatham, Kent
• Cheltenham
• Greyhound Retail Park, Chester
• Discovery Park, Chichester
• Colchester Stanway, Colchester
• Gallagher Retail Park, Coventry
• Rushmore Retail Park, Craigavon
• Daventry, Northamptonshire
• Wyvern Retail Park, Derby
• Dumfries, Scotland
• Halbeath Retail Park, Dunfermline, Scotland
• Farnham Retail Park, Farnham
• Folkestone, Kent
• Drumkeen Complex, Belfast
• Retail World, Gateshead
• Gloucester
• Hamilton, Scotland
• Hanworth, Feltham, London
• Harlow, Essex
• Eddington Business Park, Herne Bay, Kent
• Tyne Valley Retail Park, Hexham
• Heath Retail Park, Honiton
• Hove, Brighton & Hove
• Hull
• Leamington Spa
• Ledbury, Herefordshire
• Moor Allerton Centre, Leeds
• Letterkenny, Republic of Ireland
• Lewes, East Sussex
• London Catford
• London Streatham Vale
• Luton
• South Aylesford Retail Park, Maidstone
• Milton Keynes
• Navan Retail Park, Republic of Ireland
• Newcastle nether Lyme, Staffordshire
• Norwich Hall Road
• Norwich Sprowston
• Madford Retail Park, Nottingham
• Oban, Scotland
• Oldbury, West Midlands
• Wyndham Retail Park, Portishead
• Romford, Essex
• Saffron Walden, Essex
• Sleaford, Lincolnshire
• St Albans
• Sudbury, Suffolk
• Wrekin Retail Park, Telford
• Truro, Cornwall
• Tunbridge Wells
• Upton, Wirral
• Waltham Cross, Hertfordshire
• Waterford, Republic of Ireland
• Wolverhampton
• Worcester