Homebase bought out of administration securing up to 1,600 jobs - The deal to buy 70 stores came after Homebase appointed administrators on Wednesday but left 2,000 workers and 49 stores still at risk.

Read who is stepping up to save Homebase from entering administration and risking 130 stores and jobs, and how did the retailer get here.

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Homebase ‘set for administration’ with thousands of jobs at risk - The DIY retailer has struggled as customers cut back on spending amid the cost-of-living crisis.

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,

After it appointed administrators on Wednesday, Homebase has been sold to a retail group CDS. The rescue deal secures up to 1,600 jobs and 70 stores but leaves the future of its remaining 2,000 workers and 49 shops unclear.

Homebase is set to collapse into administration with 130 shops facing closure, putting countless jobs on the line. The DIY and garden chain has closed 106 branches since 2018 and reported losses of £84 million last year.

Chris Dawson, owner of The Range, has rescued 70 stores through a pre-pack administration deal and Homebase is preparing to appoint administrators, according to reports

Homebase has been sold in a rescue deal to retailer CDS, securing up to 1,600 jobs and 70 stores across the UK, its administrator Teneo has said. Despite the deal, around 2,000 jobs and 49 branches of the DIY retailer remain at risk.