Marks & Spencer (M&S) and the proprietor of B&Q have expressed an curiosity in taking on dozens of shops operated by Homebase, the DIY chain which fell into administration this month.
The 2 firms are mentioned to be getting ready presents for between 20 and 25 websites, elevating the chance that a whole bunch of jobs will be saved.
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Roughly 2,000 jobs had been put in danger by Homebase’s collapse, with directors mentioned to have been working onerous over the past fortnight to rescue as many as potential.
Property trade sources mentioned that House Bargains, the privately owned homewares retailer, was additionally within the combine to accumulate a small variety of Homebase websites.
About 70 of the DIY chain’s shops, together with its model and e-commerce operation, had been offered to the proprietor of The Vary in a pre-pack deal.
The Vary, based by Chris Dawson, has additionally taken on round 1,600 Homebase staff.
Teneo had been operating a sale course of for Homebase previous to its appointment as administrator.
The method comes at a time when retailers are going through intensifying value pressures within the wake of the Funds, with Kingfisher and M&S warning concerning the impression in current weeks.
M&S and Kingfisher declined to remark.
