Homebase is set to begin talks with potential investors next week, according to reports.
The discussions are set to focus on driving the home and garden retailer’s new phase of growth, Retail Week reported.
The news comes after Sainsbury’s agreed to acquire 10 Homebase stores under a £130m deal this week, with the sale expected to complete in early September.
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The chain pulled in losses of £84m during its latest annual results, from a profit of £30m the year prior.
Sales also plummeted from £788m to £701m during the period, according to accounts seen by The Times.
Homebase owner Hilco Capital, which acquired the DIY chain for £1 in 2018, is thought to have been in talks with a number of parties about offloading the business.
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