UK-based retail group Home Retail Group (HRG) has become flavour of the season, getting multiple acquisition bids in recent months. On one hand, it has just sold its stake in the DIY business ‘Homebase’ to Australian retail group, Wesfarmers (owner of supermarket chain ‘Coles’) for £340m (17x FY14EBIT), and on the other, two retailers (Sainsbury’s and Steinhoff) have shown interest in acquiring the remaining business ‘Argos’. - Sainsbury’s
09 Mar 2016
Late Christmas for Home Retail
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Late Christmas for Home Retail
UK-based retail group Home Retail Group (HRG) has become flavour of the season, getting multiple acquisition bids in recent months. On one hand, it has just sold its stake in the DIY business ‘Homebase’ to Australian retail group, Wesfarmers (owner of supermarket chain ‘Coles’) for £340m (17x FY14EBIT), and on the other, two retailers (Sainsbury’s and Steinhoff) have shown interest in acquiring the remaining business ‘Argos’. - Sainsbury’s