Hilco Capital in Talks to Sell DIY Retailer Homebase, Sky Says

Hilco Capital Ltd. is negotiating the potential sale of DIY retailer Homebase to Devon-based general merchandise chain The Range, Sky News reported Saturday.

A formal sale process including other potential bidders is expected to kick off in the coming days, Sky cited people familiar as saying. London-listed B&M European Value Retail S.A. could also be among interested buyers, according to the report.

Hilco bought Homebase in 2018, rescuing the firm from a downturn that saw store closures and job cuts, Sky said. The DIY retailer operates in the UK and Ireland, with the two divisions potentially being sold separately, the ...