A retail tycoon nicknamed the “Del Boy billionaire” is on the cusp of a deal to rescue scores of Homebase stores as the DIY chain calls in administrators. Chris Dawson, who owns and runs The Range homeware outlets, is finalising a takeover that will ...

A retail tycoon branded the ‘Del Boy billionaire’ is poised to rescue dozens of Homebase stores as the DIY retailer prepares to go into administration. Homebase has engaged consultants to find a new buyer, putting over 100 stores and thousands of jobs across the UK at risk, according to The Times.

Staff at DIY chain Homebase and its customers have been issued advice as the so called ‘Del Boy billionaire’ behind The Range edged closer to a rescue deal. It emerged this morning that Chris Dawson is in talks to snap up around 70 Homebase stores as part of a pre-pack administration.

Former market trader Chris Dawson, founder of bargain chain The Range, is reportedly in pole position to snap-up dozens of Homebase stores if the business goes into administration

The deal to save Homebase by Chris Dawson, whose company CDS Superstores acts as parent company to The Range, was confirmed this afternoon by administrator Teneo.