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Thousands of jobs at risk as Homebase collapses into administration
The Guardian
|November 14, 2024
The struggling DIY chain Homebase has collapsed into administration, leaving thousands of workers facing an uncertain future, despite the purchase of the bulk of its stores by the owner of the homeware retailer The Range.
Gavin Park, Gavin Maher and Adele Macleod from the financial advisory firm Teneo were appointed as joint administrators of Homebase's owners, HHGL Limited and Hampden Group Limited.
The owner of The Range and Wilko, CDS Superstores, has bought 70 of Homebase's stores, saving up to 1,600 jobs, as well as Homebase's brand and intellectual property.
This story is from the November 14, 2024 edition of The Guardian.
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