Archive for February, 2016

Homebase bought by Australia’s Wesfarmers for £340m

The BBC recently reported that UK DIY chain Homebase has been sold by its owner Home Retail Group to Australian retail giant Wesfarmers for £340m (A$705m; $485.2m). Wesfarmers already owns Bunnings – one of Australia’s largest suppliers of outdoor living and DIY products. The 265 UK Homebase sites will be rebranded under the Bunnings banner […]