Homebase targeted by private equity after customers rubbish Aussie owner's stores overhaul and losses soar to £100m



Private equity firms are circling the beleaguered DIY chain Homebase amid claims its Australian owner will try to sell off the £340million business just two years into its botched takeover.
Wesfarmers had intended to transform Homebase stores into Aussie favourite Bunnings after purchasing the chain in 2016, but saw its plans fall flat and losses soar.
Now private equity firms such as Hilco, Endless and Lion Capital are believed to be in competition to buy the chain, with bargain retailer B&M also eyeing the opportunity, according to the Press Association.
It is unclear at this stage... read more

 
6 April 2018 in Business, Views: 56
Source: Daily Mail
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