What happened to Home Retail Group?

What happened to Home Retail Group?

J Sainsbury plc today announces that is has successfully completed its acquisition of Home Retail Group plc – the owner of Argos and Habitat. Mike Coupe, Chief Executive of Sainsbury’s, said: “We are delighted our acquisition of Home Retail Group is now complete.

Who does Home Retail Group own?

Sainsbury’sHome Retail Group / Parent organizationJ Sainsbury plc, trading as Sainsbury’s, is the second largest chain of supermarkets in the United Kingdom, with a 14.9% share of the supermarket sector.
Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century. Wikipedia

Is Argos still part of Homebase?

It was the parent company of Argos and Habitat, and once owned the do it yourself chain Homebase before selling it to the Australian retailer Wesfarmers in February 2016.

Who used to own Argos?

Argos is part of Sainsbury’s, who acquired Home Retail Group, the previous owner of Argos and Habitat, on 2nd September 2016, creating one of the UK’s leading food and non-food retailers – a multi-product, multi-channel business with fast delivery networks.

When did Sainsburys acquire Home Retail Group?

2 September 2016

The acquisition of Home Retail Group plc completed on 2 September 2016.

Is Argos owned by Currys?

DSG International, which owns Currys and PC World, and Home Retail Group, which owns Argos and Homebase, both reported falls in sales for the three months to January 10.

What is Homebase called now?

Hilco ownership
On 25 May 2018, it was announced that Homebase had been sold by Wesfarmers to turnaround specialists Hilco, for a nominal one pound sterling. Hilco took ownership of the business on 12 June 2018. All 24 stores converted to the Bunnings format were rebranded back to Homebase.

How much is Homebase worth?

Supermarket chain Sainsbury’s has sold its Homebase DIY chain in a two-fold deal worth £969m. The arrangement will see its chain of stores sold to venture capitalist Schroder Ventures for £750m.

What was Homebase previously called?

History. Homebase was founded by the supermarket chain Sainsbury’s and Belgian retailer GB-Inno-BM in 1979, as Sainsbury’s Homebase.

What does Argos stand for?

Acronym. Definition. ARGOS. Advanced Research and Global Observation Satellite.

What did Argos used to be called?

He came up with the idea that people could purchase goods from his “Green Shield Gift House” with cash rather than savings stamps. He rebranded the original Green Shield Stamps catalogue shops as Argos beginning in July 1973, the first purpose-built shop opening on the A28 Sturry Road, Canterbury in late 1973.

Who owns Homebase?

Hilco CapitalHomebase Card Handling…
Homebase/Parent organizations

Who owns Homebase UK?

Hilco Capital
Homebase

When did Sainsburys buy Argos?

When Sainsbury’s acquired Argos and Habitat in September 2016, the group’s 2,000 stores gave it a chance to become the market leader in homewares. When Sainsbury’s acquired Argos and Habitat in September 2016, the group’s 2,000 stores gave it a chance to become the market leader in homewares.

Why is Sainsburys closing for two days?

Sainsbury’s announces two-day closure of all stores to thank staff following pandemic – Mirror Online.

Are Argos and Homebase the same company?

Home Retail Group, which owns the Argos retail chain as well as Homebase, has been put in the spotlight after it emerged that it had rejected a takeover bid from supermarket chain Sainsbury’s last year.

Did Homebase go bust?

The home furnishings retailer entered a company voluntary arrangement (CVA) soon after Hilco acquired it, resulting in scores of store closures and more than 1,500 job losses. Since then, it has been restored to profitability and has been one of the big retail winners from the COVID-19 crisis.

Why did Sainsburys buy Argos?

By acquiring Argos, they argued that, they would be able to grow their sales, increase their delivery networks and also be able to sell products to each other’s customers. Moreover, the supermarket said over half of Argos stores had their leases up for renewal in a five year time period.

Are Argos and Currys the same company?

Who killed Argos?

Hermes
Argus was appointed by the goddess Hera to watch the cow into which Io (Hera’s priestess) had been transformed, but he was slain by Hermes, who is called Argeiphontes, “Slayer of Argus,” in the Homeric poems. Argus’s eyes were transferred by Hera to the tail of the peacock.

Who destroyed Argos?

Under the Argive king Pheidon (7th century BC), Argos was the dominant city-state in all the Peloponnese until the rise of Spartan power. The Argives defeated the Spartans at Hysiae (669). In 550 and again in 494, however, Sparta defeated Argos, which took no part in the Greco-Persian Wars.

When did Homebase go out of business?

2002
HomeBase

Why has Argos closed?

Argos has made the decision to close the majority of its UK stores as a result of the coronavirus pandemic. All of Argos’ standalone stores have now shut their doors, but its stores inside Sainsbury’s supermarkets remain open.

Why are Sainsburys closing their cafes?

The closure of the cafes is part of a move to transform the company’s dining, takeaway and home delivery food and drink offer from stores, and is the latest in a raft of recent restructuring steps by the retailer as it seeks to keep a lid on rising costs.

Which Sainsbury’s stores are closing?

Which Sainsbury’s stores are closing its cafes?

• Fosse Park.
• Truro.
• Rustington New.
• Scarborough.
• Marsh Mills.
• Waterlooville.
• Penzance.
• Springfield.