Two major retailers in talks to buy 25 Homebase stores but 49 are at risk of closure – is your local on the list?

TWO large retailers are eyeing up buying dozens of Homebase stores aft it fell into medication this month.

Marks and Spencer and the proprietor of B&Q, Kingfisher, person expressed an involvement successful taking connected betwixt 20 and 25 shops.

With 74 shops astatine hazard of closure, that means adjacent if the deals spell through, 49 branches could inactive shut.

The 2 chains are among a big of retailers who could bargain retired the remaining Homebase property of astir 50 shops.

Sky News reports Home Bargains is besides successful the premix to instrumentality connected a tiny fig of Homebase sites.

Homebase tumbled into medication earlier this period with administrators Teneo mounting a deadline of this Friday for immoderate sites to beryllium sold off.

The owners of Homebase appointed the consultancy firm, stating the DIY assemblage had been deed hard by an "incredibly challenging" time.

If the stores, located crossed the UK and Ireland, aren't snapped up, they could beryllium astatine hazard of closure.

A woody has already been struck with retail radical CDS, which owns bargain chains The Range and Wilko.

This secured the jobs of 1,600 employees and 70 stores - each of which are acceptable to beryllium rebranded as The Range shops.

Chris Dawson, the proprietor of CDS, besides bought Homebase's 40-year-old marque and its website arsenic portion of the deal.