Nicholas Marshall looks to buy Homebase
Nicholas Marshall, the retail executive responsible for turning around the Garden Centre Group, is said by the Financial Times to be preparing a bid to buy the Homebase DIY and garden centre business from Home Retail Group PLC...
Marshall told the FT he has been looking at Homebase for the past couple of years and was holding talks with private equity companies, though no approach has yet been made to Home Retail, which also owns the Argos retail chain.
People close to the situation said Marshall would likely seek to transform Homebase from a DIY centre into a more family-friendly retailer, with more extensive garden and pet products.
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