News / UK News DIY retailer Homebase to close 42 stores, with 1500 jobs at risk By Ross Crae August 14, 2018, 9:45 am Updated: August 14, 2018, 1:11 pm A Homebase store (Steve Parsons/PA Wire) Get a weekly round-up of stories from The Sunday Post: Thank you for signing up to our Sunday Post newsletter. Something went wrong - please try again later. Sign Up DIY retailer Homebase is set to close 42 stores, putting around 1,500 jobs at risk. The DIY chain is closing the stores via a Company Voluntary Agreement (CVA), a procedure used by struggling firms to shut under-performing shops. Restructuring experts at Alvarez & Marsal will carry out the CVA, which will require the support of landlords. The stores earmarked for closure are yet to be named, and an official announcement from the company is due later on Tuesday. Homebase has 17 stores across Scotland. It’s the latest big name retailer to announce such measures, with Mothercare, Poundworld and Toys R’ Us all cutting branches. Enjoy the convenience of having The Sunday Post delivered as a digital ePaper straight to your smartphone, tablet or computer. Subscribe for only £5.49 a month and enjoy all the benefits of the printed paper as a digital replica. Subscribe
