Is Homebase owned by B&Q?

No, Homebase is not owned by B&Q. Following Homebase entering administration in November 2024, the brand and a significant portion of its stores were acquired by CDS Superstores, the owner of The Range and Wilko. While B&Q's owner, Kingfisher plc, acquired a small number of individual Homebase stores, they do not own the company.

Are B&Q and Homebase the same company?

No, Homebase and B&Q are not the same company, but B&Q has recently been acquiring several Homebase stores after Homebase went into administration, converting them into B&Q locations to expand its own network. B&Q is the larger, established DIY retailer owned by Kingfisher, while Homebase faced financial difficulties, leading to parts of its business being sold off, including these stores to B&Q.
 

Who owns Homebase in the UK?

Hilco ownership

On 25 May 2018, it was announced that Homebase had been sold by Wesfarmers to turnaround specialists Hilco, for a nominal £1. Hilco took ownership of the business on 12 June 2018 through a new holding company, HHGL Limited. All 24 stores converted to the Bunnings format were rebranded back to Homebase.

Who is the new owner of Homebase?

The new owner of both the 70 stores and the Homebase IP and brand is Devon-based national retailer CDS Superstores, owner of The Range.

What group is Homebase part of?

Homebase is part of Home Retail Group, the UK's leading home and general merchandise retailer. 342 stores across the United Kingdom and Republic of Ireland.

Is B&Q or Homebase open?

Has M&S bought Homebase?

This summer M&S announced it has bought 12 Homebase sites which are set to become some of its largest standalone food stores – the first of which is set to open before Christmas in Cannock. The company currently plans to 20 new or renewed M&S stores between November and March, creating 800 jobs.

Is Homebase still owned by Sainsbury's?

No, Homebase is no longer part of Sainsbury's, though Sainsbury's is actively buying many former Homebase stores to convert into supermarkets, a strategic move to expand their food business after Homebase went through different ownerships, including a failed takeover by Australian retailer Wesfarmers before being bought by Hilco Capital in 2018. Sainsbury's is taking over about a dozen locations as part of its growth plan, repurposing them into new food stores.

Why has Homebase gone bust?

There had been a "decline in consumer confidence and spending following the pandemic", he said, as well as "persistent high inflation, global supply chain issues and unseasonable weather". McGloughlin said the business had restructured and sought investment but "these efforts have not been successful".

Are Argos and Homebase the same company?

Predecessor as Argos Retail Group (2000–2006)

GUS plc acquired Argos in April 1998, and combined it with its mail order business to form Argos Retail Group (ARG) in June 2000. It went on to acquire Homebase for £900 million in November 2002, bringing it into ARG.

Has Wickes bought Homebase?

Chief executive of Wickes David Wood comments: “We are delighted to be acquiring these former Homebase stores and welcoming all colleagues currently working there into the Wickes family.

What was Homebase called before?

It was founded by the supermarket chain Sainsbury's and Belgian retailer GB-Inno-BM in 1979, as Sainsbury's Homebase. In December 2000, Sainsbury's sold the Homebase chain. In November 2002, Homebase was sold again, to GUS plc, It became Argos Retail Group (later renamed as Home Retail Group).

Is Toolstation owned by B&Q?

Tool station are part of Travis Perkins group along with other companies and Screwfix part of the Kingfisher PLC which includes B&Q. curiously, the original founders who started Screwfix sold up to kingfisher and later started Toolstation which they sold again.

Is Screwfix a British company?

Yes, Screwfix is a British company, founded in Yeovil, Somerset, in 1979, and is now a leading UK retailer for trade tools and hardware, owned by the British multinational home improvement group Kingfisher plc. While it's a British brand with UK headquarters and stores, it operates as part of a larger international group that also owns B&Q. 

Has Ikea bought Homebase?

Swedish furniture retailer IKEA has confirmed plans to open three new stores after acquiring former Homebase sites.

What are the cons of using Homebase?

cons

• It may not suit larger businesses needing robust HR functionalities.
• Your team might find customer support response times slower than desired.
• It lacks advanced HR and payroll features for comprehensive HR management.

What is the new name for Homebase?

Homebase is to live on as a brand online and within up to 70 former stores reopened next year as branches of the Range, its new owner has announced. CDS said it would open the first three converted outlets from the collapsed DIY retailer in January under the Range Superstores name, and then 10 a month from February.

Is M&S buying Homebase?

Marks & Spencer has today announced investment in twelve brand new food stores, some with over 20k Sq ft of trading space, on former Homebase sites across England, creating over 550 new jobs.

Do Sainsbury's own B&Q?

B&Q Limited (short for Block & Quayle after the company's two founders) is a British multinational DIY, home improvement and garden centre retailing company, with headquarters in Eastleigh, England. It is a wholly owned subsidiary of Kingfisher plc.