Kingfisher And M&S Reportedly Interested In Homebase Stores

Sky News has reported that Kingfisher and M&S are interested in acquiring the remaining Homebase stores.

CDS (Superstores) International, the owner for The Range and Wilko, acquired the Homebase brand, IP and up to 70 stores earlier this month, leaving around 50 stores and 2,000 jobs at risk.

The deadline for offers is Friday 29th November, and it is understood that Kingfisher and M&S are to submit offers for 'between 20 and 25 sites'. It is unclear if this is the combined figure or the number of stores each retailer is considering. 

Home Bargains is also understood to have expressed an interest in a small number of stores.

We will update this story when we learn more.

Source : Insight DIY; Sky News

Image : RMC42 / 1157059063 / Shutterstock

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