Thread: Changes on the High Street
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Old 24-05-2018, 00:04   #107
1andrew1
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Re: House of Fraser in trouble...
Quote:
Sources said that Alteri, which previously owned Austin Reed, and Hilco, which bought HMV out of administration in 2013, were the leading candidates to buy Homebase...
Sources said that both Alteri and Hilco would seek to restructure Homebase - which is part of Wesfarmers' Bunnings division - by closing a significant number of its 220 stores, potentially putting thousands of people out of work.
The UK DIY chain employs more than 11,000 people, and is expected to transfer to a new owner with a 'dowry' worth £75m or more.
https://news.sky.com/story/thousands...owner-11382848
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