Wickes acquires four former Homebase stores
Wickes has acquired four former Homebase stores following the DIY retailer’s collapse into administration last year.
The retailer has taken over the leases of stores in Dunfermline, Bury St Edmunds, and Leeds Moor Allerton, which are set to open later this year under the Wickes brand. They join a former Homebase store in Northampton acquired by Wickes last July which is currently undergoing refurbishment.
Wickes said the acquisitions will enable it to continue with its store opening programme whilst also entering catchment areas where it does not currently have a presence.
Wickes chief executive David Wood said: “We are delighted to be acquiring these former Homebase stores and welcoming all colleagues currently working there into the Wickes family.
“The acquisition of these four stores is a further boost to our ambitious store opening programme as we look to grow the Wickes brand, helping even more customers with their home improvement projects so they can feel house proud.”
Wickes joins fellow home improvement brands in taking over former Homebase stores, such as B&Q which has acquired eight stores across the UK and Ireland.
Homebase’s new owner CDS Superstores – which owns The Range and Wilko – has agreed to take on up to 70 of its stores, which it is currently rebranding.