DIY chain Homebase has entered administration, with 2,000 staff left unclear about the future of their employment.
The chain’s owners called in administrators after a failed attempt to sell the business.
Earlier this week, it was reported that CDS Superstores – the owner of The Range and Wilko, a firm it also recently saved from collapse – would purchase 75 of 130 remaining Homebase stores.
Chris Dawson, The Range’s billionaire owner, said his firm is “delighted to be able to save so many stores and jobs.”
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