B&Q owner Kingfisher is contemplating a bid for Homebase’s stores in the Ireland, amid talk of a potential sale of the broader business.
Hilco, the owner of Homebase, has engaged in talks with several potential buyers, with the chain’s eight outlets in Ireland potentially up for sale, The Times reports.
This move would signal the closure of Homebase in the country, as Kingfisher would be likely rebrand the stores as B&Q.
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Homebase has struggled amid a tough trading environment, racking up heavy losses last year, as it claimed customers had been “cautious” with their spending.
The business reported an £84m loss in the year to January 2023, from a profit of £30m the year prior, according to accounts viewed by the newspaper.
Last month reports emerged that the business was put up for sale for the second time within four years, with B&M and The Range sounded out on a deal.
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