skip to main content
  • *
  • *
  • *
Find Insight DIY on
* * *


Sir Stuart Rose tipped for Home Retail role

Dapper former Marks & Spencer boss Sir Stuart Rose has been tipped to take pole position at Formula One, replacing Bernie Ecclestone.

Although still possible, much hotter rumours suggest that he could be about to become executive chairman of Home Retail, the struggling owner of the Argos catalogue and Homebase DIY chains, via a sexy private equity deal.

Home Retail’s shares recovered from a flat 86.75p to close 0.8p better at 90.4p amid growing speculation that private equity groups CVC Capital and Bridgepoint Capital are working on a cash bid for the group which would value it at a significant premium to the prevailing market price.

A new senior management team has apparently already been identified.

Rose is an ideal man for the chair as he has been there before.

He joined in 1997 as chief executive and was charged with defending the company against a hostile bid from home shopping giant, Great Universal Stores.

Home Retail has group sales of more than £6bn, and profits are expected to be around £150m for the year.

Source : Geoff Foster – This Is Money

01 December 2011
view more UK DIY News

Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

Paul Boyce - European CEO, QEP Ltd.

Don't miss out on all the latest, breaking news from the DIY industry