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Website. www.homeretailgroup.com. Home Retail Group plc was a home and general merchandise retailer based in the United Kingdom. It was the parent company of Argos and Habitat, and once owned the do it yourself chain Homebase before selling it to the Australian retailer Wesfarmers in February 2016. Home Retail Group was listed on the London ...
After Zayre was acquired by Ames, HomeClub was spun off under a new company called Waban Inc., which also owned BJ's Wholesale Club. In 1991, it discontinued its membership program and adopted the HomeBase name shortly thereafter. The chain expanded to 89 stores by the mid-1990s, becoming the sixth largest home improvement retailer in the ...
In January 2016, the sale of sister company Homebase for £340 million was announced. [16] In April 2016, Argos' parent Home Retail Group agreed to a £1.4 billion takeover by Sainsbury's, following a bidding war between the supermarket chain and South African conglomerate Steinhoff International. [17]
On 24 June 2011 Hilco, which had owned Habitat UK Ltd since December 2009, announced that it was putting the company into administration. [14] Home Retail Group (owner of Argos and Homebase) purchased the Habitat brand, three central London stores in Tottenham Court Road, King's Road and Finchley Road and the UK website for £24.5 million. [15]
Sainsbury's sold the Homebase chain in December 2000, in a twofold deal worth £969 million. Sales of the stores to Schroder Ventures generated £750 million and sale of 28 development sites, which had been earmarked for future Homebase shops, were sold for £219 million to rival B&Q's parent company, Kingfisher plc. [32]
Bunnings Warehouse in Worle, a Homebase store converted under Wesfarmers' ownership. In February 2016, Bunnings' parent company Wesfarmers bought the United Kingdom-based hardware chain Homebase for £340 million. The chain's 265 stores in the UK and 15 in Ireland were intended to be rebranded with the Bunnings name within five years. [44]
Turnaround investing, lending, restructuring services. Parent. Hilco Global. Website. www.hilcocapital.com. Hilco Capital is a British financial investment and restructuring advisory company, operating in the UK, Western Europe, Canada and Australia. [ 2 ]
Focus DIY. Focus was a British do-it-yourself and home improvement retailer, founded in 1987. By its peak in 2002, it was the second-largest home improvement retailer in the United Kingdom with 178 stores and over 3,000 employees, behind B&Q. [1] However, Focus would be overtaken by Homebase and Wickes in the mid-2000s.