Home Retail Group plans to sell Homebase for £340m

Home Retail Group plans to sell Homebase for £340m

  Home Retail Group is finalizing talks to sell its Homebase DIY and home decorations business to Australian conglomerate Wesfarmers for £340M. The deal, which could be finalized this week, would make room for Sainsbury’s to purchase Home Retail’s Argos chain. The supermarket chain made a £1bn offer for Home Retail in November, which was […]

Home Retail expects Sainsbury’s to come back with better offer

Home Retail expects Sainsbury’s to come back with better offer

Home Retail shareholders advise Sainsbury’s to come back with higher offer. Home Retail Group’s third biggest shareholder, Old Mutual has said that it is certain Sainsbury’s would come back with a better offer.  Old Mutual asked the grocery store to compensate investors who have calmly supported the company’s turnaround endeavors.  Sainsbury’s shocked the business sectors […]