Up to 2,000 jobs are at risk after British home improvement retailer Homebase called in administrators who immediately sold up to 70 stores, the brand and its intellectual property to The Range owner CDS in a so-called prepack deal.

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Homebase has collapsed into administration, putting 2,000 jobs at risk. Its owner Hilco had been looking to sell the struggling retailer, but has not managed to find an outright buyer. The owner of homeware chain The Range is buying up to 70 stores and the brand, safeguarding about 1,600 jobs.

Homebase has collapsed into administration, putting 2,000 jobs at risk. Hilco, the owner of Homebase, had been looking to sell the struggling retailer but has not managed to find an outright buyer. The company behind The Range retail chain is buying up to 70 stores as well as the Homebase brand,

Homebase is set to collapse into administration with 130 shops facing closure, putting countless jobs on the line. The DIY and garden chain closed 106 branches in 2018 and lost more than £40 million in 2022,