Harringay, Haringey - So Good they Spelt it Twice!
What happened to Homebase?
Sliced Bread on Radio 4 is covering the demise of Homebase https://www.bbc.co.uk/programmes/m002dzyj
It doesn't look like it's one of the stores that was bought by 'The Range', so who knows what will happen to the building. I must say I miss it regularly, even though it was often a frustrating place to shop.
Tags for Forum Posts: homebase
Replies to This Discussion
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Permalink Reply by Clive Carter
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RETAIL bricks & mortar under pressure:
Poundland was recently sold for one pound.
Coincidentally—as these outlets are both in the Arena Retail Park—according to part of a ChatGPT response, Homebase in 2018 changed hands for the same sum:
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Homebase, the UK DIY and hardware chain, went into administration in 2018 primarily due to a failed acquisition and restructuring strategy. Here are the key reasons for its downfall:
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Exit & Sale to Hilco Capital (2018)
In a fire sale, Wesfarmers sold Homebase to Hilco Capital for just £1 in 2018, after suffering massive losses.
Hilco immediately implemented a Company Voluntary Arrangement (CVA) to close around 42 stores and cut rent costs on others.
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