Homebase

Common card · No. 304854

Homebase was a British home improvement and garden centre retailer that operated across the United Kingdom and Ireland. It was founded by British supermarket chain Sainsbury's and Belgian retailer GB-Inno-BM in March 1981, as Sainsbury's Homebase. By the end of the 1980s, it opened its 50th store, making it the UK's fourth biggest home improvement retailer. The retailer purchased rival Texas Homecare in January 1995, which helped grow its market share to third place, behind B&Q and Focus-Wickes. In 1999, it was renamed Homebase, and then sold to Schroder Ventures in December 2000. In November 2002, it was sold to Argos Retail Group, which later became Home Retail Group in October 2006. In January 2016, Wesfarmers purchased Homebase in a botched attempt to convert the stores to its Bunnings Warehouse format, ultimately losing £1 billion in total. In August 2018, Homebase was sold to restructuring firm Hilco for £1. Subsequently, Hilco announced that it would close 42 of the chain's stores...

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