Homebase has been sold by its Australian owner Wesfarmers to retail restructuring firm Hilco, closing the chapter on a disastrous foray into British retail. Homebase has been sold by its Australian owner Wesfarmers to retail restructuring firm Hilco, closing the chapter on a disastrous foray into British retail. In the Republic of Ireland Homebase has 11 stores, while it has 250 UK stores where it employs around 12,000 people. Retail experts have criticised Wesfarmers for failing to judge the UK market correctly after buying Homebase from Home Retail Group two years ago. "Their attempts to disrupt the UK DIY market have failed after a series of woeful management decisions, clumsy execution and a misguided perception of the UK market.

Source: Irish Independent May 25, 2018 08:15 UTC