Homebase has appointed the Teneo consultancy in response to its struggles, leading towards a potential administration scenario, with a buyer identified for several stores.
Chris Dawson's potential rescue plan to buy up to 70 Homebase stores could preserve approximately 1,500 jobs, amidst significant losses and financial struggles for the retailer.
The recent turmoil at Homebase includes £84.2 million losses last year, exacerbated by the ongoing cost of living crisis impacting consumer spending.
Dawson expressed optimism about acquiring the 40-year-old Homebase brand, aiming to integrate it into The Range group, following his success with Wilko acquisitions.
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