A retail tycoon dubbed the 'Del Boy Billionaire' has swooped in to save Homebase at the eleventh hour
- but 49 sites are still at risk of closing.
The deal by Chris Dawson, whose company CDS Superstores acts as parent company to The Range,
was confirmed this afternoon by administrator Teneo.
However, around 2,000 workers and 49 shops still remain at risk.
It is unclear which stores will remain branded as Homebase after the deal, while administrators have not yet
disclosed the ones that may still be at risk.
Many will be left fearing that their local Homebase could be closing down - after relying on stores since they first opened in 1981.
Below is a full list of the 130 Homebase stores currently
operating in the UK and Ireland - which could be included in the 49 still
at risk.
Many will be left fearing that their local Homebase could be closing down - after relying on stores
since they first opened in 1981
Homebase looks to be heading for administration, with the garden chain appointing insolvency experts which
could mean jobs and 130 shops are at risk. File photo
Mr Dawson pulled a similar move last September after agreeing to buy the Wilko name, website and intellectual property
- entitling him to use the Wilko brand as he sees fit - for £5million after the British homeware chain collapsed.
News of the deal came just hours after Homebase owners Hilco, who bought the firm for a token £1 in 2018, announced this morning it was
appointing insolvency experts after reporting an £84.2 million loss last year.
In August, Sainsbury's agreed to acquire all 10 Homebase stores and convert
them into supermarkets in a deal which is anticipated to create around 1,000 new jobs.
The locations set for conversion are located in Sutton Coldfield,
Bromsgrove, Cromer, Derry/Londonderry, Fareham, Inverurie, Lowestoft, Newark, Omagh and Rugby.
Damian McGloughlin, the managing director of Homebase, told suppliers in August it would
begin an 'active sale process' to seek new investment.
The threat facing the retail giant came as Britain's high street continue to suffer
after beloved brands including BHS, Wilko,
Debenhams, The Body Shop and CarpetRight ran into financial trouble.
Simon Roberts, chief executive officer of Sainsbury's said:
'Sainsbury's food business continues to go from strength to
strength as we push ahead with our Next Level Sainsbury's
plan.
'We have the best combination of value and quality in the market and that's winning us customers from all our key competitors and driving consistent growth in volume market share.
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