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Under the terms of the agreement with Sainsbury's to acquire Home Retail Group, for each Home Retail Group share, shareholders received 0.321 new Sainsbury’s shares and 55p per share. As a result of the sale of Homebase, they also received 25p per share, plus the year's dividend as a final dividend payment. [22]
HomeBase was a home improvement warehouse chain in the Western United States based in Irvine, California. History. Robert J. McNulty and George Handgis founded the ...
As of 2023, The Range has 210 stores across the UK and Ireland. In September 2023, it purchased the Wilko brand from administrators, maintaining its online presence, and began opening physical Wilko stores in December 2023. [3] In November 2024, it purchased the Homebase brand and up to 70 stores from administrators. [4]
Habitat (a trading name of Argos Limited) is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group.. Founded in 1964 by Sir Terence Conran, it merged with a number of other retailers in the 1980s to create Storehouse plc, before the latter sold Habitat to the Ikano Group, owned by the Kamprad family, in 1992.
J Sainsbury plc, trading as Sainsbury's, [a] is a British supermarket and the second-largest chain of supermarkets in the United Kingdom.. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century.
As part of the acquisition, 26 Texas stores closed and Sainsbury's converted the remaining stores to the Homebase brand. [4] The conversion to Homebase was completed in 1999, when the Texas Homecare brand was discontinued. [5] In 2000, the former chief executive of Texas Homecare, Ron Trenter, made an unsuccessful bid for Homebase. [6]
On 5 November 2020, Sainsbury's announced that it would close 420 Argos standalone outlets by March 2024, leaving about 100; together with other measures, 3,500 Sainsbury's jobs were to be cut and £600 million saved. During 2020, 120 standalone Argos stores in the UK permanently closed.
Dino Baia Adriano (24 April 1943 – 9 May 2018) [1] [2] was a British businessman, and a chief executive of Sainsbury's, as well as being a director of Homebase, Shaws and a trustee of Oxfam. He was noted in financial circles for trying to turn round the fortunes of Sainsbury's after they lost their number one spot to Tesco.
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