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Homebase bought by Australia's Wesfarmers for £340m - BBC News

UK DIY chain Homebase has been sold by its owner Home Retail Group to Australian retail giant Wesfarmers for £340m (A$705m; $485.2m). Wesfarmers already owns Bunnings - one of Australia's largest suppliers of outdoor living and DIY products. The 265 UK ...and more »

Bunnings – a game of clones - The Conversation AU

For Woolies, its foray into Masters was a comprehensive defeat, a six-year campaign ending in a rout with the once mighty retail champion driven from the field of battle with Bunnings triumphant. In the end it was all so predictable, but that does not ...and more »

Wesfarmers agrees £340m Homebase purchase - Financial Times

Australian retail-to-coal mining conglomerate Wesfarmers has agreed to buy Homebase for £340m in a deal expected to make it easier for J Sainsbury to bid for the parent of the struggling British hardware chain Home Retail Group. The UK supermarket ...and more »

Homebase to disappear from UK as Australian brand Bunnings takes over - The Guardian

Homebase will disappear from the UK market and be replaced by the Australian brand Bunnings after Home Retail Group accepted a £340m bid for the troubled DIY chain. Bunnings, an Australian institution, is the country's number one hardware retailer and ...and more »

Wesfarmers takes Bunnings to the UK - Sydney Morning Herald

Wesfarmers will spend more than $1 billion rolling out the Bunnings hardware brand to the United Kingdom and Ireland within five years, following the $705 million acquisition of home improvement chain Homebase. The Coles owner confirmed on Monday that ...and more »

Home Retail confirms Homebase sale to Wesfarmers - Irish Times

Australia's home-improvement leader is coming Europe after Wesfarmers agreed to buy Home Retail Group's Homebase chain for £340 million. Bunnings, which dominates the Australian do-it-yourself market, will rebrand. Homebase stores under its name over ...and more »

Australian DIY brand Bunnings to launch in UK after Homebase deal - The Guardian

Homebase store in Aylesford, England. Wesfarmers' management team told analysts the company had studied the UK market for over a year before making its move for Homebase. Photograph: Luke Macgregor/Reuters. Wesfarmers is to invest £500m in transforming ...and more »

Watch out Wickes and B&Q: Bunnings is coming for your DIY customers - The Guardian (blog)

Bunnings is an institution Down Under, famous for its customer service, massive range of products and low prices. Photograph: Dave Hunt/AAP. B&Q should be worried. News that Homebase is going to be taken over by the Australian hardware chain Bunnings ...and more »

Homebase brand to disappear as £340m sale agreed to Australian group Wesfarmers -

Australian conglomerate Wesfarmers has signalled ambitious plans to shake up Britain's home improvement market after agreeing to snap up Homebase and announcing plans to invest £500m in the DIY business. Home Retail will return £200m to investors once ...and more »

Homebase sold and rebranded a year after closure threats - The Independent

Homebase is set for a new lease of life, after the DIY chain's new Australian owners promised to invest £500m in the company, a year after the current management announced that one in four stores would close. The £340m takeover by Wesfarmers was sealed ...and more »