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Bunnings/Homebase calls in consultancy giant

Bunnings St Albans 725 x 500

Wesfarmers has called upon Boston Consulting Group (BCG) for support in reviving the ailing Bunnings/Homebase chain in the UK. 

The Press Association reports that BCG has been brought onboard to help Damian McLoughlin and the rest of the UK senior leadership team as part of a strategic business review by Wesfarmers.  

Wesfarmers will reveal its plans for the DIY chain in June.  Earlier this year, it revealed that it had taken a £584m write-down as a result of the acquisition, resulting in a widening of half-year losses from £28 million to £97 million.

At the time, the managing director of Wesfarmers, Rob Scott, said that up to 40 stores could be closed, with the loss of 2,000 jobs.

Wesfarmers recently brought in investment bankers Lazard to identify buyers for the beleaguered DIY chain.

Learn more about the Bunnings/Homebase situation in our recent news stories, below:

Wesfarmers chairman to undertake UK store tour 

Wesfarmers approach potential buyers as Homebase sell-off looks likely

Bunnings Warehouse opens in Frome

Homebase confirms closure of Colchester branch

Source : Insight DIY Team

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13 April 2018

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