'Del Boy Billionaire' swoops for Homebase
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A retail tycoon dubbed the 'Del Boy Billionaire' is set to swoop in to save troubled DIY chain Homebase after it prepared to call in the administrators.
Chris Dawson, who owns The Range, became one of Britain's richest men as he amassed a retail empire - despite claiming to be so poor as a child he didn't own his first pair of underpants until he was 12.
Reports suggest he is lining up a deal to fold 70 of the home improvement stores into his business in a move that could save 1,600 jobs - and could snap up the Homebase brand and its website in a £30million deal.
Mr Dawson pulled a similar move last September after agreeing to buy the Wilko name, website and intellectual property - entitling him to use the Wilko brand as he sees fit - for £5million after the British homeware chain collapsed. In case you beloved this post and you would like to get guidance relating to اثاث مستعمل تبوك kindly check out our own web page.
Homebase owners Hilco, who bought the firm for a token £1 in 2018, announced this morning it was appointing insolvency experts after reporting an £84.2 million loss last year.
The firm's collapse could sound the death knell for another British high street chain after beloved brands including BHS, Wilko, Debenhams, The Body Shop and CarpetRight ran into financial trouble.
Some have been resurrected as online brands, or live on as zombies of their former selves with just a handful of stores where there was once an empire of hundreds.
The Range is considering buying 75 stores as part of a process where a business sells its assets before administration, in a move which could save 1,500 jobs. Pictured is boss Chris Dawson
Homebase looks to be heading for administration, with the garden chain appointing insolvency experts which could mean jobs and 130 shops are at risk. File photo
Damian McGloughlin, the managing director of Homebase, told suppliers in August it would begin an 'active sale process' to seek new investment
Damian McGloughlin, the managing director of Homebase, told suppliers in August it would begin an 'active sale process' to seek new investment.
Chris Dawson, who owns The Range, became one of Britain's richest men as he amassed a retail empire - despite claiming to be so poor as a child he didn't own his first pair of underpants until he was 12.
Reports suggest he is lining up a deal to fold 70 of the home improvement stores into his business in a move that could save 1,600 jobs - and could snap up the Homebase brand and its website in a £30million deal.
Mr Dawson pulled a similar move last September after agreeing to buy the Wilko name, website and intellectual property - entitling him to use the Wilko brand as he sees fit - for £5million after the British homeware chain collapsed. In case you beloved this post and you would like to get guidance relating to اثاث مستعمل تبوك kindly check out our own web page.
Homebase owners Hilco, who bought the firm for a token £1 in 2018, announced this morning it was appointing insolvency experts after reporting an £84.2 million loss last year.
The firm's collapse could sound the death knell for another British high street chain after beloved brands including BHS, Wilko, Debenhams, The Body Shop and CarpetRight ran into financial trouble.
Some have been resurrected as online brands, or live on as zombies of their former selves with just a handful of stores where there was once an empire of hundreds.
The Range is considering buying 75 stores as part of a process where a business sells its assets before administration, in a move which could save 1,500 jobs. Pictured is boss Chris Dawson
Homebase looks to be heading for administration, with the garden chain appointing insolvency experts which could mean jobs and 130 shops are at risk. File photo
Damian McGloughlin, the managing director of Homebase, told suppliers in August it would begin an 'active sale process' to seek new investment
Damian McGloughlin, the managing director of Homebase, told suppliers in August it would begin an 'active sale process' to seek new investment.
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