Homebase has just been sold by Home Retail Group to the Australian retail group Wefarmers for £340M providing that the shareholders agree to the sale. It may or may not get Reward points on that. Wesfarmers already own Bunnings, one of Australia’s largest suppliers of outdoor living and DIY products.
In the next 3-5 years the 265 Homebases, including Horsham’s, will be rebranded as Bunnings and the stores can look forward to a £500M investment.
Home Retail Group also own Argos and have been in the news recently as a deal to sell Argos to Sainsbury’s has been considered. Curiously Sainsbury’s co-founded Hombase back in 1979.