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Homebase is a British home improvement retailer and garden centre with stores across the United Kingdom and Republic of Ireland. Founded by Sainsbury's and GB-Inno-BM in 1979, the company was owned by Home Retail Group from October 2006, until it was sold to the Australian conglomerate Wesfarmers in January 2016.
Wesfarmers' management was not a success, which had included an attempt to rebrand the business under its Bunnings Warehouse name, and in August 2018, the business was sold to restructuring firm Hilco for £1. Subsequently, Hilco announced that it would close 42 stores of Homebase, and cut 1,500 jobs through a company voluntary arrangement, in an attempt to get the chain back to profitability. By February 2020, Homebase had 164 outlets, and was again profitable.
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Wesfarmers' management was not a success, which had included an attempt to rebrand the business under its Bunnings Warehouse name, and in August 2018, the business was sold to restructuring firm Hilco for £1. Subsequently, Hilco announced that it would close 42 stores of Homebase, and cut 1,500 jobs through a company voluntary arrangement, in an attempt to get the chain back to profitability. By February 2020, Homebase had 164 outlets, and was again profitable.
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