Australian owner of Homebase hangs ‘for sale’ sign over DIY chain after botching £340m takeover



The Australian owner of Homebase has hung a ‘for sale’ sign over the DIY chain after botching its £340m takeover.
Wesfarmers has brought in investment bankers from Lazard to review options as it prepares to retreat from the British business it bought in 2016, which operates about 250 stores and employs 12,000 people.
It had planned to completely rebrand Homebase as Bunnings – its popular Australian chain – and has already opened 15 of them.
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1 April 2018 in Business, Views: 142
Source: Daily Mail
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