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Kingfisher, the owner of B&Q, is reportedly mulling a bid for Homebase’s stores in the Republic of Ireland, following reports the wider Homebase business is up for sale.
According to The Times, the move would see the end of Homebase stores in the country, as Kingfisher would most likely rebrand the stores under the B&Q fascia.
Homebase currently has eight shops in the Republic of Ireland. The group, which is owned by Hilco Capital, has reportedly held talks with a number of buyers regarding a potential sale of the business.
Last month, it was reported that Hilco put Homebase up for sale for the second time in four years after acquiring the business for £1 in 2018.
According to reports from The Times, Hilco has already sounded out potential buyers such as B&M and The Range.
Kingfisher declined to comment, and Homebase has been reached for comment.
