Kingfisher and M&S are interested in acquiring the remaining Homebase stores, a month after the DIY retailer fell into administration.
The deadline for offers is today (29 November), Sky News reports that Kingfisher and M&S are to submit offers for ‘between 20 and 25 sites’, meaning that hundreds of jobs could be saved.
The outlet said it is unclear if this is the combined figure or the number of stores each retailer is considering.
Discount giant Home Bargains is also understood to have expressed an interest in a small number of stores.
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CDS (Superstores) International, the owner for The Range and Wilko, snapped up the Homebase brand, IP and up to 70 stores earlier this month, leaving around 50 stores and 2,000 jobs at risk.
Hilco Capital, which bought Homebase for £1 back in 2018, drafted in Teneo this year to explore multiple cost-saving options after the retailer reported an £84m loss in the year to January 2023, from a profit of £30m the year prior.
Sales also plummeted from £788m to £701m during the period.
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