Homebase collapses with 2,000 jobs at risk

Quick Summary:

Homebase enters administration, but The Range buys up to 70 stores and the brand.

Although interest rates have started to come down, homeowners have been "ultra-cautious", with some saving for holidays rather than DIY, she said.

McGloughlin said the business had restructured and sought investment, but "these efforts have not been successful".

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Article Details

Category: Business

Markets: United KingdomAustralia

Topics: Bought Been Stores Risk Buyer Range Homebase Jobs Hilco Owner

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 17:54:04 (15 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 492 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23574498

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 6 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +0:00

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Publisher ID: #43

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