[arista]

[On Thursday , Hilco (who also own HMV) had edged ahead of rivals after convincing management about its plan for Homebase, which is losing about £20m a month.]

[It has been a disastrous foray into the UK market for Wesfarmers, which was hoping to use the purchase of Homebase to take on Britain's biggest DIY chain B&Q.
Wesfarmers was forced to write off £500m after ditching some of Homebase's popular products, taking its total losses on the acquisition to about £1bn.]

[The sale to Hilco will be painful for an unknown number of Homebase's creditors and 11,500 workers, with store closures, an insolvency process called a company voluntary arrangement and disposals all among the potential options to be pursued.]

https://news.sky.com/story/homebase-...l-sum-11384664


Bad road all the way down a Hill
now Hilco will keep some Stores that are doing well.
but the rest may have to go.