Bill Grimsey, the new chief executive of Focus, is to review the future of the DIY chain’s 50 worst-performing stores. Daily Telegraph
The review, which is being carried out with retail restructuring specialist Hilco, is likely to result in the sale or closure of the underperforming stores.
Grimsey, who has been brought in by Focus’s new owner, private equity firm Cerberus, believes the cull will allow him to focus on reviving and growing the remaining 200 stores.
Grimsey led the recovery of Wickes, alongside finance director Bill Hoskins, who will join Focus when the sale completes next month.
The pair joined Wickes in 1996 when the DIY retailer was on the verge of collapse.