The Australian owner of Homebase sold the DIY chain for just £1 yesterday – taking its losses since buying the firm two years ago to nearly £740 million. In a humiliating retreat from the UK, ...
Wesfarmers ended its disastrous foray into the home-improvement market in Ireland and Britain, selling its Homebase chain for a pound and announcing a further 406 million Australian dollar loss on the ...
Last year the retail park veteran announced it was to close 42 of its stores across the UK, as it joined a string of high street retailers facing uncertainty. This was its second batch of store ...