Homebase owner Hilco is considering selling the chain, five years after it bought it for £1.
In 2018 Hilco bought the retailer just 18 months after Australian group Wesfarmers had paid £340m for it and make a disastrous serious of product and store changes, pitching it firmly at the heavier end of the diy market: a position Homebase had never been positioned in.
Landlords then agreed to a CVA which saw Hilco slash its rent bill amid store closures. The CVA was ended early as Hilco renegotiated leases and profits improved.
A report in The Times says that Hilco has held preliminary discussions about selling Homebase – a process it went through in 2020 – with potential bidders as it looks to crystallise its investment
