The home DIY retailer could lose its portfolio of 130 stores as its owner prepares to sell the company in a crushing blow to the high street.
Homebase is expected to appoint administrators from Teneo to handle the process, which could see both stores and jobs in danger of being axed for good, according to The Times.
However, there is some hope in saving the iconic brand as Sky News reports detail rumours that The Range is considering purchasing a portion of the stores.
The Range could buy up to 75 Homebase branches as part of a deal to help the troubled retailer sell its assets before appointing administrators.
More to follow…
