Retail giant Homebase has gone into administration leaving 2,000 jobs at risk and 49 stores at risk of closure. The owner of Homebase, Hilco, has been looking to sell the retailer after a challenging few years for the brand.

Homebase has collapsed into administration, putting 2,000 jobs at risk. Its owner Hilco had been looking to sell the struggling retailer, but has not managed to find an outright buyer. However, homeware chain The Range is buying up to 75 stores and the brand, safeguarding about 1,600 jobs.

Homebase has been sold in a rescue deal to retailer CDS in a move securing up to 1,600 jobs and 70 stores, administrator Teneo has said, but around 2,000 workers and 49 shops still remain at risk.

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Homebase has collapsed into administration, putting 2,000 jobs at risk. Its owner Hilco had been looking to sell the struggling retailer, but has not managed to find an outright buyer. However, homeware chain The Range is buying up to 75 stores and the brand,

Homebase has fallen into administration placing 2,000 jobs at risk. The British home improvement company’s owner, Hilco, was actively seeking to sell the beleaguered retailer, which has so far proven unsuccessful.

The jobs of more than half of the workforce at the DIY chain Homebase are at risk after the retailer's owners called in administrators following a failed attempt at a sale.