Home Retail Group sells Homebase to Australian firm for £340 million

Argos owner Home Retail Group, which is being pursued by supermarket Sainsbury’s, has agreed to sell DIY chain Homebase to Australian conglomerate Wesfarmers for £340 million. The Australian supermarkets-to-industrials firm said it plans to rebrand Homebase’s 265 UK stores under the Bunnings fascia, its domestic DIY chain. Home Retail said it expects to complete the […]