Homebase | |
Formerly |
|
Company type | Limited company Subsidiary |
Industry | Retail / home improvement |
Founded | 1979 (as Sainsbury's Homebase) |
Headquarters |
|
Number of locations | United Kingdom: 152[1] Republic of Ireland: 11[2] (March 2020) |
Key people | |
Products | |
Brands | Bathstore |
Revenue | £3.2 million profit (2019) |
Owner | Hilco Capital |
Number of employees | 6,600+ (2019) |
Website | homebase |
Footnotes / references [3] |
HHGL Limited,[4][3] trading as Homebase, is a British home improvement retailer and garden centre with stores across the United Kingdom and Ireland. Founded by Sainsbury's and GB-Inno-BM in 1979, the company was owned by Home Retail Group from October 2006, until it was sold to the Australian conglomerate Wesfarmers in January 2016.
Wesfarmers' management was not a success, which had included an attempt to rebrand the business under its Bunnings Warehouse name, and in August 2018, the business was sold to restructuring firm Hilco for £1. Subsequently, Hilco announced that it would close 42 of the chain's stores, and cut 1,500 jobs through a company voluntary arrangement, in an attempt to return it to profitability. By February 2020, Homebase had 164 outlets, and was again profitable, with Hilco listing the retailer for sale in November 2020.
We are HHGL Limited t/a Homebase