By Richard Hook2018-08-09T12:52:00
Restructuring company Hilco is reportedly set to close up to 60 Homebase stores having acquired the chain for £1 earlier this year.
Hilco bought the struggling chain from Australian firm Wesfarmers after a failed project to launch its own DIY brand Bunnings in the UK.
The DIY chain is expected to announce a Company Voluntary Agreement (CVA) next week having appointed Alvarez & Marsal to carry out a restructuring exercise.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.