Australian conglomerate Wesfarmers last week announced it has agreed to divest its Homebase retail business in the United Kingdom and Ireland to a company associated with Hilco Capital, according to a ...

SYDNEY (Reuters) - Retail giant Wesfarmers Ltd <WES.AX> wrote off British hardware chain Homebase for more than its purchase price, saying on Monday it had made a series of mistakes that serve as ...

Australia's Wesfarmers has sold its ailing British business Homebase for £1 (US$1.35), it said Friday, having racked up huge losses with the DIY chain it bought just two years ago for £340 million.

Australia’s retail giant Wesfarmers on Friday walked away with its tail between its legs after it was forced to sell DIY chain Homebase for just £1, ending its calamitous two-year foray into the UK.

Homebase owner Wesfarmers said on Monday that it is reviewing the future of its UK and Irish DIY businesses following the Australian group's high profile acquisition of the DIY retailer in 2016. The ...

Wesfarmers has sold its embattled DIY chains Homebase and Bunnings UK to restructuring firm Hilco Capital for a nominal sum of £1. The sale to Hilco, which owns HMV, raises questions for an unknown ...

OEone Corporation, a leading open source software developer, has recently released its HomeBase product as a software-only package that can be installed on a wide range of PC hardware. Powerful and ...

Australian retail conglomerate Wesfarmers is selling UK home improvement chain Homebase for a nominal £1 just two years after buying it. The sale ends an embarrassing offshore adventure that cost ...