Rochdale Bunnings spared from closure
Home improvement retailer Bunnings – formerly Homebase – has spared its Rochdale warehouse store from the axe after announcing it was to close around 40 others.
This follows reported losses of £97m in the first half of the year.
Homebase was bought by Australian company Wesfarmers, which also runs Bunnings stores, for £340m in 2016.
It has since been making changes to the DIY shop’s model but has resulted in £584m worth of writedowns.
In an unscheduled investor update, the company said that it was reviewing the Ho... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
