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Homebase Limited
Type Subsidiary of Home Retail Group
Founded 1979 (as Sainsbury's Homebase)
Headquarters Milton Keynes & Wallington
Industry Retail
Products DIY Tools
Paint & Decor
Furniture
Homewares
Outdoor Living
Kitchens
Bathrooms
Parent Home Retail Group
Website www.homebase.co.uk/
For other uses, see Homebase (disambiguation). A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity Home Retail Group plc ( is a Holding company for the UK and Republic of Ireland retailers Argos and Homebase. Milton Keynes ( ˌmɪltənˈkiːnz often abbreviated to MK, is a large town For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Paint is any Liquid, liquifiable or mastic composition which after application to a substrate in a thin layer is converted to an opaque Solid Furniture is the Mass noun for the movable objects which may support the human body (seating furniture and beds, provide storage or hold objects on horizontal A holding company is a company that owns part all or a majority of other companies' outstanding Stock. Argos is the largest general-goods Retailer in the United Kingdom and Republic of Ireland with over 700 stores A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages

Homebase is a Home Improvement store and garden centre, with 320 stores across the United Kingdom and the Republic of Ireland. A garden centre is a retail firm that sells plants and products related to gardens as its primary business The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Ireland ( Irish: Éire, ˈeːrʲə is a country in north-western Europe. It is well known by its green and orange colour scheme. Its main competitors are B&Q and Focus and in Ireland B&Q, Atlantic Homecare and Woodies. B&Q is a British Retailer of DIY and Home improvement tools and supplies Focus DIY is a privately owned chain of DIY stores in the UK. Ireland (pronounced /ˈaɾlənd/ Éire) is the third largest island in Europe, and the twentieth-largest island in the world Some Homebase stores have a Laura Ashley Home Section. Laura Ashley CBE, ( 7 September 1925 – 17 September 1985) was a Welsh designer It is also the only store in the UK which sells Farrow & Ball paint other than Farrow & Ball's own showrooms

Contents

History

Homebase was founded by Sainsbury's supermarket chain and Belgian retailer GB-Inno-BM in 1979 as Sainsbury's Homebase, to bring supermarket-style outlay to the British DIY market. Farrow & Ball are a British manufacturer of Paints largely based upon historic colour palettes J Sainsbury plc ( is the parent company of Sainsbury's Supermarkets Ltd commonly known as Sainsbury's (also Sainsbury and JS) the third largest Year 1979 ( MCMLXXIX) was a Common year starting on Monday (link displays the 1979 Gregorian calendar) Its first store was in Croydon, opening on the Purley Way on 3 March 1981. Croydon is a large town and major commercial centre in South London, and the principal settlement of the London Borough of Croydon. Purley Way is a section of the A23 Trunk road in the London Borough of Croydon, in the areas of Purley, Waddon and West Croydon Year 1981 ( MCMLXXXI) was a Common year starting on Thursday (link displays the 1981 Homebase was tripled in size in 1995 with the acquisition of the rival Texas Homecare from the Ladbroke Group plc. Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 Texas Homecare is a former chain of DIY stores in the UK. Founded in 1972, it was acquired by J Sainsbury plc in 1995 from Ladbrokes plc ( is a British based Gambling company It is based in Rayners Lane in Harrow London. These stores were rebranded and redesigned to the Homebase format, the first to be converted being in Longwell Green in Bristol in February 1996 and the Last 60 Texas stores were converted to Homebase in 1999. Bristol ( ˈbrɪstəl is a city, Unitary authority and ceremonial county in South West England, west of London Year 1996 ( MCMXCVI) was a Leap year starting on Monday (link will display full 1996 Gregorian calendar) Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) There are now over 300 nationwide stores.

In October 1999 Sainsbury's bought Hampden Group plc, the franchisee of seven Homebase stores (former Texas stores) in Northern Ireland and three stores in the Republic of Ireland.

Sainsbury's sold the Homebase chain in December 2000 in a two-fold deal worth £969 million. 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Sales of the chain of stores to venture capitalist Schroder Ventures[1] generated £750 million and sale of 28 development sites, which had been earmarked for future Homebase stores, were sold for £219 million to rival B&Q's parent company, Kingfisher plc. Permira is an international Private equity firm based in the United Kingdom, headed by Damon Buffini. Kingfisher plc ( is a UK-based international retailer which has owned a wide variety of retail chains in its history but is now focused on the DIY business At the time, the chain had 13% of the UK market, behind B&Q and Focus Do It All.

Homebase was later sold on to GUS plc (formerly Great Universal Stores plc) in November 2002 for £900 million, where it formed part of the Argos Retail Group. GUS plc ( was a FTSE 100 retailing group based in the United Kingdom Home Retail Group plc ( is a Holding company for the UK and Republic of Ireland retailers Argos and Homebase. On 10 October 2006, GUS completed a demerger between its two businesses Experian and ARG. Experian plc ( formerly known as CCN Systems is a global credit information group with operations in 36 countries ARG was renamed as, and Homebase now operates as part of, the Home Retail Group. Home Retail Group plc ( is a Holding company for the UK and Republic of Ireland retailers Argos and Homebase.

In early October 2007 it was announced that Home Retail Group, had signed a contract for the purchase of 27 leasehold properties from Focus DIY. The purchase price being paid is £40m in cash. The properties are expected to be transferred over the period up to 31 December 2007 and will then be re-fitted to the Homebase fascia over the course of several months in readiness for the peak spring period. No other infrastructure and no merchandise stock are being acquired as part of the transaction, although staff in these Focus stores will transfer across to Homebase.

Supply Chain

Homebase has three main supply depots in the UK. Octavian Park (Small parts) , Lydiard Fields (Large, Bulky items) and Park Farm (Furniture, plus other bulky items). There are also numerous other depots located in the UK for other stock items.

Homebase also receives direct deliveries to its stores from manufacturers and Vendors.

References

  1. ^ J Sainsbury plc (2001-03-02). Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Events 986 - Louis V becomes King of the Franks. 1127 - Assassination of Charles the Good "Homebase sale completed". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News Retrieved on 2006-11-21. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 164 BC - Judas Maccabaeus, son of Mattathias of the Hasmonean family restores the Temple in Jerusalem.

See also

External links

Texas Homecare is a former chain of DIY stores in the UK. Founded in 1972, it was acquired by J Sainsbury plc in 1995 from
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