Home Business News Homebase acquires Bathstore saving 44 stores

Homebase acquires Bathstore saving 44 stores

by LLB Reporter
22nd Jul 19 3:44 pm

Home and garden giant retailer Homebase has acquired the collapsed Bathstore website and 44 stores.

The acquisition has safeguarded around 150 shop floor jobs with another 25 at the head office however, at least 200 jobs are still at risk.

Since BDO were appointed as administrators in June 159 redundancies have already been made.

Chief executive Damian McGloughlin said the acquisition “complements Homebase’s reinvigorated range” and the business had been working to reintroduce popular ranges.

“As a result of the hard work of the Homebase team, our turnaround is ahead of plan,” he said.

“While we still have a significant amount of work to do, the customer response to our new ranges has been very encouraging and we are on track to break even this year against a loss of over £100m last year.”

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