‘Del Boy billionaire' steps in to save Homebase shops at risk from collapse [Yahoo! Finance]
WESFARMERS LTD UNSP/ADR (WFAFY)
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Source: Yahoo! Finance
Homebase has engaged consultants to find a new buyer, putting over 100 stores and thousands of jobs across the UK at risk, according to The Times The DIY and garden chain, which employs over 6,000 staff across 130 locations, has been a staple since its first branch opened in 1979. Now, Chris Dawson, owner of The Range homeware stores, is reportedly seeking to buy 70 Homebase outlets as part of an administration deal. This acquisition could secure 1,600 jobs, though around 1,000 frontline and office roles remain uncertain if a buyer isn't found for the remaining sites. Mr Dawson is also said to be negotiating a purchase of the Homebase brand and website, in a deal estimated at £30 million. Sainsbury's bought ten shops from the troubled retailer in August, planning to convert them into large supermarkets. The grocery giant first created the Homebase brand in the 1970s, before selling it off in 2006. Homebase owners Hilco Capital brought in consultants after the company repo
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