Australian conglomerate Wesfarmers last week announced it has agreed to divest its Homebase retail business in the United Kingdom and Ireland to a company associated with Hilco Capital, according to a ...

Last year the retail park veteran announced it was to close 42 of its stores across the UK, as it joined a string of high street retailers facing uncertainty. This was its second batch of store ...

Australia's Wesfarmers has sold its ailing British business Homebase for £1 (US$1.35), it said Friday, having racked up huge losses with the DIY chain it bought just two years ago for £340 million.

The Australian owner of Homebase sold the DIY chain for just £1 yesterday – taking its losses since buying the firm two years ago to nearly £740 million. In a humiliating retreat from the UK, ...

10:21, Wed, Nov 13, 2024 Updated: 15:41, Wed, Nov 13, 2024 The home DIY retailer could lose its portfolio of 130 stores as its owner prepares to sell the company in a crushing blow to the high street.