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With people spending increased amounts of time at home during the pandemic, DIY, home improvement and gardening have boomed in popularity. Homebase reported that visits to its DIY advice pages had doubled over the past 12 months. Like this article? Sign up to our newsletter to get more articles like this delivered straight to your inbox. In need of some positivity or not able to make it to the shops?
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That is the most strangest retail news story I have ever read. Next clothing shop in the City. The retailer will join Homebase in a venture called Garden by Homebase at Next. Miles Brignall. Sun 11 Apr Mr Osmond is not thought to be in exclusive talks to buy the chain, although the identity of other bidders was unclear this weekend.
Hilco, which has also owned retailers including HMV in recent years, hired Lazard, the investment bank, to sell Homebase last November as it sought to capitalise on a boom in sales to lockdown-affected Britons. Homebase to axe support centre jobs after buyout. The home furnishings retailer entered a company voluntary arrangement CVA soon after Hilco acquired it, resulting in scores of store closures and more than 1, job losses.
Since then, it has been restored to profitability and has been one of the big retail winners from the COVID crisis. One retail analyst said that Hilco and Homebase's management, led by chief executive Damian McGloughlin, had done an effective job turning the business around but that there remained a question mark over whether the coronavirus sales bounce was sustainable after the pandemic.
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