Business News Local News

Homebase to close 42 stores

Homebase closes 42 stores
Set to close? Homebase

It is not yet known if the Andover store will be affected when owners will shut the stores via a Company Voluntary Arrangement – an insolvency measure just one step short of administration.

The procedure used by struggling firms to shut shops will place 1,500 jobs at risk.

Homebase owner Hilco Capital outlined the CVA this morning (Tuesday 14th August 2018) in a further blow to the High Street.

Since the company took over Homebase for £1 earlier this year, it has been closing stores with 303 jobs being cut at its head office.

[do_widget id=mks_ads_widget-4]