Monday, February 5, 2018

'Botched' Homebase takeover puts hundreds of jobs at risk

Up to 40 outlets of DIY chain and Bunnings stores at risk as owner blames restructuring

Up to 40 Homebase and Bunnings DIY stores could be closed, putting hundreds of jobs at risk, after the group’s Australian owner said it was reviewing the future of its UK business.

Wesfarmers bought Homebase for £340m two years ago but, by its own admission, has botched the takeover.

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from Mergers and acquisitions | The Guardian http://ift.tt/2s5mbwc

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