Question: Who Owns Homebase And Argos?

Are B&Q and Homebase the same company?

A further 28 sites, which were intended to house new Homebase stores, are being sold to Kingfisher, owner of DIY rival B&Q, for £219m.

Homebase currently has 283 stores around the country and employs 17,000 people..

Is Homebase going bust?

The CVA was due to run until August 2021 but being ahead of its profits, reducing its cost base by over £180 million and bringing the business to a stronger place now, means it can be terminated in March/April 2020 instead. The turnaround plan used has been a success. There are now 164 Homebase stores.

Does Sainsburys own Argos?

Sainsbury’s, which bought Argos in 2016, said in its statement that the 120 standalone Argos stores that had not reopened since they were closed in March would now shut permanently. … In addition to the 150 Argos stores it plans to open in its supermarkets by 2024, it also plans a further 150-200 collection points.

What was Argos called before Argos?

So, in 1973, he started rebranding Green Shield Stamps as Argos, named after the Greek city where Tompkins had been inspired and because it would feature high up in alphabetical listings. Just as the Argos brand was being rolled out, Tesco was starting to struggle.

Who is homebase owned by?

Hilco CapitalHomebase/Owners

Who are Argos owned by?

In April 2016, Argos’ parent Home Retail Group agreed to a £1.4 billion takeover by Sainsbury’s, following a bidding war between the supermarket chain and South African conglomerate Steinhoff International. The acquisition was completed on 2 September 2016.

Who bought Homebase from Bunnings?

WesfarmersHomebase, which was bought by Australian conglomerate Wesfarmers for £340 million in 2016, is being sold to retail restructuring firm Hilco for £1. As part of the deal, a total of 24 stores that were trading as Bunnings, the Wesfarmers’ brand, will convert back to the Homebase fascia.

Are Argos going bust?

The 420 standalone Argos stores will close by March 2024, although Sainsbury’s said it would open 150 Argos outlets in its supermarkets. Boss Simon Roberts said Sainsbury’s was responding to changing consumer habits and the growth of online shopping.

Does Walmart still own Asda?

Walmart has owned Asda since 1999, and the deal means it would still retain a minority stake in the Big 4 grocer as part of the agreement, as well as have a seat on the board. Walmart has owned Asda for 21 years.

What has happened to Homebase?

Hilco ownership On 25 May 2018, it was announced that Homebase had been sold by Wesfarmers to turnaround specialists Hilco, for a nominal one pound sterling. Hilco took ownership of the business on 12 June 2018. All 24 stores converted to the Bunnings format were rebranded back to Homebase.

Are B and Q and Screwfix the same company?

Screwfix is the United Kingdom’s largest multi channel retailer of trade tools, accessories and hardware products. Founded in 1979 as the Woodscrew Supply Company, the company was acquired in July 1999 by Kingfisher plc, which also owns B&Q, and is listed on the London Stock Exchange.

Which is better Homebase or B & Q?

Adam’s verdict While the two chains focus on slightly different markets, Homebase covering decoration and accessories with B&Q focusing more on home improvement, the experience at B&Q was far superior. For those serious about their DIY, B&Q offered a depth of products that was rarely matched at Homebase.