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1500 jobs at risk as Homebase set to close stores

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Homebase is set to announce plans to close 42 stores, putting about 1,500 jobs at risk.

Restructuring company Hilco, which bought the DIY retailer for £1 in May, is expected to confirm its plans for a Company Voluntary Arrangement (CVA) later today.

It bought the struggling chain from Australia’s Wesfarmers after its disastrous foray into the UK market.




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