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Arnold Homebase store up for sale and could close if not sold by end of next week

75 of the 130 stores have been snapped up by the saviour of Wilko in a so-called pre-pack deal.

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The Homebase store in Daybrook is one of 75 stores now up for sale – with a deadline set for next Friday.

if the stores aren’t sold by the deadline then they could be at risk of closure.

Administrators struck a deal last week to sell the business to retail group CDS, which owns bargain chains The Range and Wilko.

75 of the 130 stores have been snapped up but the fate of staff and remaining shops hangs in the balance.

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Homebase Daybrook
Purchased stores will be converted into Range sites

Teneo, which is handling the Homebase sale process, is understood to have been working to find a buyer for as many of the chain’s sites as possible.

Homebase was bought for £1 by investment firm Hilco Capital, which has since brought in a swathe of cost-cutting measures. 

But the retail chain has struggled as customers cut back on spending amid the cost-of-living crisis, and reported an £84.2 million loss last year. 

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