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. The owner of homeware chain The Range is buying up to 70 stores and the brand,

Up to 2,000 jobs are at risk after British home improvement retailer Homebase called in administrators who immediately sold up to 70 stores, the brand and its intellectual property to The Range owner CDS in a so-called prepack deal.

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.

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. The owner of homeware chain The Range is buying up to 70 stores and the brand,

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.

Homebase has been sold in a rescue deal to retailer CDS, securing up to 1,600 jobs and 70 stores across the UK, its administrator Teneo has said. Despite the deal, around 2,000 jobs and 49 branches of the DIY retailer remain at risk.

Jobs in Glasgow could be at risk as homeware retailer, Homebase, looks set for administration with around 1,500 jobs set to be saved in a deal but 1,700 others still at risk.