Homebase collapses with 2,000 jobs in danger | EUROtoday

Homebase has collapsed into administration, placing 2,000 jobs in danger.

Its proprietor Hilco had been seeking to promote the struggling retailer, however has not managed to seek out an outright purchaser.

Homeware chain The Range is shopping for as much as 75 shops and the model, safeguarding about 1,600 jobs.

But this leaves 49 shops with no purchaser, and hundreds of jobs in danger within the shops and head workplace.

Those shops will proceed to commerce whereas directors Teneo search for a purchaser.

Along with as much as 70 shops, Range proprietor CDS Superstores has additionally purchased the model title and mental property.

It is unclear whether or not these shops will stay branded as Homebase.

The location of the shops affected has but to be disclosed.