Homebase Saved by The Range, Yet 2,000 Jobs Remain in Jeopardy

Chris Dawson's acquisition of Homebase secures 1,600 jobs and 70 stores, but uncertainty looms for remaining employees and locations.

Homebase, facing administration, has been partly rescued by CDS, owner of The Range, securing 1,600 jobs and 70 stores.
Despite the rescue deal, 2,000 jobs and 49 stores are still at risk as administrators seek further buyers.
The DIY chain has struggled with losses, reporting an £84.2 million deficit last year amid declining consumer confidence and spending.
Sainsbury's previously acquired 10 Homebase locations to convert into supermarkets, reflecting ongoing changes in the retail landscape.
Chris Dawson, known as the 'Del Boy billionaire', is finalizing a deal worth £30 million for the Homebase brand and e-commerce platform.