Major update on Homebase administration as 14 more store rescues confirmed

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Major update on Homebase administration as 14 more store rescues confirmed

OVER a dozen more Homebase stores have been rescued by the owner of The Range, The Sun can reveal. The DIY chain entered administration in November but was partially rescued by billionaire Chris Dawson, owner of CDS Superstores, the parent company of The Range and Wilko. LNPThe Sun can reveal that The Range’s owner has acquired an additional 14 sites[/caption] Dawson’s intervention aimed to preserve “up to” 70 stores, safeguard 1,600 jobs, and r…

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Many stores in the UK are closing their doors, a worrying sign for the retail trade. Quiz has recently declared bankruptcy, resulting in the closure of 23 stores. Other brands such as Dobbys, New Look and Homebase are also announcing closures, compounded by rising costs of living and online sales. WHSmith and The Original Factory Shop are also planning to reduce their presence. Jollys, a historic store, could disappear after almost two centuries…