Homebase's future is uncertain following its administration, risking 2,000 jobs across over 100 stores. Although 70 stores were bought by The Range, 49 remain at risk.
Damian McGloughlin highlighted the impact of the pandemic on consumer confidence, stating it's been an "incredibly challenging" three years for the home improvement market.
Teneo acknowledged the difficulty of the situation, emphasizing that the sale to CDS preserves the Homebase brand and secures a significant number of jobs.
The administrators have not disclosed which of the 49 stores are at risk of closure, catching many employees and customers in uncertainty.
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