Pubs boss Hugh Osmond plans £300m Homebase bid

Pubs boss Hugh Osmond plans £300m Homebase bid as DIY chain sees boom in sales during lockdown Hugh Osmond is one of a number of potential buyers interested in Homebase  A City source said the price tag is between £200million to £300million  Homebase was rescued by Hilco Capital in 2018 for a nominal £1  By … Read more

Homebase boss clears backlog and reopens 20 shops

Homebase chief executive Damian McGloughlin is having a busy weekend. Yesterday, he quietly reopened 20 shops after the business mothballed all 158 stores four weeks ago at the peak of the coronavirus crisis. And he will spend today mulling over how many more will follow – and how soon. McGloughlin kept the relaunch under wraps … Read more