By Luke Tugby2019-07-22T11:30:00
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 Bathstore’s website in a move it said will “considerably strengthen its bathroom proposition”.
Homebase plans to continue operating 44 Bathstore shops and will launch “a significant number” 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 “for a number of weeks”, administrator BDO said, while remaining display stock is sold.
The deal comes less than a month after Bathstore collapsed into administration after “several months of difficult trading”.
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