Homebase owner approached by The Range as it eyes sale

Eloise Hill
Homebase
Home & DIYNews

Homebase owner Hilco Capital has been approached by The Range over acquiring the DIY chain, as it gears up to launch a sale of the company.

While city sources said the talks were not guaranteed to lead to a deal, analysts indicated if they did, The Range would like want the majority of the business’s circa 140 stores, Sky News reported. 

A formal sale process involving other potential bidders is expected to begin in the following days, one insider revealed.

The DIY giant has stores in Ireland as well as the UK, with the two arms potentially being sold separately.

Related Story

B&M has previously been touted as a potential bidder for the home improvement retailer.

In February, Homebase was put up for sale for the second time within four years, after Hilco Capital purchased the group for £1 in 2018.

The investment firm initially put Homebase up for sale in 2020 in a bid to capitalise on the pandemic boom for home improvement companies.

Click here to sign up to Retail Gazette‘s free daily email newsletter

Home & DIYNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

Home & DIYNews
Eloise Hill

Share:

Homebase owner approached by The Range as it eyes sale

Homebase

Homebase owner Hilco Capital has been approached by The Range over acquiring the DIY chain, as it gears up to launch a sale of the company.

While city sources said the talks were not guaranteed to lead to a deal, analysts indicated if they did, The Range would like want the majority of the business’s circa 140 stores, Sky News reported. 

A formal sale process involving other potential bidders is expected to begin in the following days, one insider revealed.

The DIY giant has stores in Ireland as well as the UK, with the two arms potentially being sold separately.

Related Story

B&M has previously been touted as a potential bidder for the home improvement retailer.

In February, Homebase was put up for sale for the second time within four years, after Hilco Capital purchased the group for £1 in 2018.

The investment firm initially put Homebase up for sale in 2020 in a bid to capitalise on the pandemic boom for home improvement companies.

Click here to sign up to Retail Gazette‘s free daily email newsletter

Social

LinkedIn
RSS


SUBSCRIBE TO OUR DAILY NEWSLETTER

  • This field is for validation purposes and should be left unchanged.

Most Read

Most Read

Home & DIYNews

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.

RELATED STORIES

Wickes

Wickes head of property on the chain’s ambition to hit 300 stores

27/04/2026 x 11:25 AM
Wickes targets long-term growth despite profit and revenue dip in FY24

Wickes profits slip as cautious consumer spending hits FY24 performance

20/03/2025 x 7:31 AM
The Range

Interview: How The Range plans to keep the Homebase brand alive

03/02/2025 x 8:38 AM
Homebase x Dobbies

Best of 2024: As Dobbies and Homebase close stores, has the UK fallen out of love with garden centres?

23/12/2024 x 8:00 AM
11 retailers that went bust in 2024

11 retailers that went bust in 2024 – from Homebase to The Body Shop

04/12/2024 x 8:38 AM
Homebase

Homebase in administration: What went wrong and what next?

13/11/2024 x 10:25 PM
Homebase

Kingfisher mulls bid for Homebase’s Ireland stores amid sale talks

21/03/2024 x 8:00 AM
B&Q

Watch: B&Q marks 40 years of ‘You Can Do It’ in new ad campaign

26/02/2024 x 9:39 AM
B&Q, a Kingfisher company

B&Q owner Kingfisher unveils AI-powered DIY assistant

14/11/2023 x 10:30 AM
Wickes sees its half year profits exceed expectations after it benefited from a boom in Brits looking to improve their homes during Covid-19.

Wickes makes ‘encouraging’ start to the year despite adverse weather hitting sales

03/05/2023 x 10:12 AM
Wickes goes ‘from strength to strength’ in strong H1

Wickes’ profits drop despite achieving ‘record’ sales as DIY demand wanes

23/03/2023 x 9:10 AM
Poppy Marshall-Lawton, vice president at Laura Ashley

Interview: The woman leading the Laura Ashley revival

07/03/2023 x 6:34 PM
HMV administration Doug Putman Sunrise Records Flagship The Vault

6 retailers that bounced back from administration

03/02/2023 x 8:41 AM
TTopps Tiles has posted record annual revenues for the second year in a row as the home improvement boom continues post-pandemic.

Topps Tiles delivers record sales as home improvement boom continues

05/10/2022 x 8:02 AM
Kingfisher profits fall 30% amid sky-high inflation and supply chain woes

Kingfisher profits fall 30% as pandemic DIY boom wanes

20/09/2022 x 2:32 PM
DIY retailer Wickes has said it performed well in its third quarter despite sales in its core category dipping

Wickes downgrades profit expectations despite group sales rising

26/07/2022 x 8:08 AM
Kingfisher is committing to a new 2040 net zero target and an increased 60% sustainable home products sales 2025 target

Kingfisher vows to make 60% of sales sustainable by 2025 as it eyes net-zero

06/07/2022 x 7:08 AM
Dunelm said that total sales increased in the third quarter of fiscal 2022, adding that customers responded well to its winter sale.

Dunelm sales soar as CEO warns of significant headwinds

14/04/2022 x 8:08 AM
Homebase to launch dedicated website in Ireland this August

Homebase to launch products in Tesco supermarkets

17/03/2022 x 3:05 PM
5 retailers set to thrive as costs rise

Six retailers set to thrive during the cost-of-living crisis

07/02/2022 x 6:03 PM

Most Read

Latest Feature

Interview: How Palmer’s 20-year logistics partnership is fuelling its European expansion

Palmer’s may be one of the most familiar names on the bathroom shelf, but behind the cocoa butter bottles is a surprisingly small UK operation. ET Browne UK, which distributes the American family-owned skincare brand, has grown its sales while keeping its core team to fewer than 20 people. Now, as a new Tahitian Vanilla range brings younger shoppers to the brand and the company looks to expand further into Europe, the pressure is falling on the supply chain to keep up.

Palmer’s may be one of the most familiar names on the bathroom shelf, but behind the cocoa butter bottles is a surprisingly small UK operation.

ET Browne UK, which distributes the American family-owned skincare brand, has grown its sales while keeping its core team to fewer than 20 people.

Now, as a new Tahitian Vanilla range brings younger shoppers to the brand and the company looks to expand further into Europe, the pressure is falling on the supply chain to keep up.

Read More


Menu



Please enter the verification code sent to your email: