1st Dec 2015 06:41
LONDON (Alliance News) - The retail executive responsible for turning around the Garden Centre Group is understood to be preparing a bid to buy the Homebase DIY and garden centre business from Home Retail Group PLC, the Financial Times reported.
Nicholas Marshall told the FT he has been looking at Homebase for the past couple of years and was holding talks with private equity companies, though no approach has yet been made to Home Retail, which also owns the Argos retail chain.
People close to the situation said Marshall would likely seek to transform Homebase from a DIY centre into a more family-friendly retailer, with more extensive garden and pet products.
https://next.ft.com/content/e1f7f4d2-978a-11e5-95c7-d47aa298f769
By Sam Unsted; [email protected]; @SamUAtAlliance
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