Homebase rescues Bathstore from administration
Homebase has rescued Bathstore from administration, taking on more than 40 of its stores and saving 154 jobs.
The DIY and garden centre business has also acquired Bathstoreâs website in a move it said will âconsiderably strengthen its bathroom propositionâ.
Homebase plans to continue operating 44 Bathstore shops and will launch âa significant numberâ of Bathstore concessions in its larger stores over the next 18 months.
The 90 remaining Bathstore locations not included in the sale will continue to trade âfor a number of weeksâ, administrator BDO said, while remaining display stock is sold.
The deal comes less than a month after Bathstore collapsed into administration after âseveral months of difficult tradingâ.
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