The new owner of Homebase is CDS Superstores, the Devon-based national retailer that also owns The Range. This acquisition signifies a significant shift for the Homebase brand and its operations.
Understanding the Acquisition
CDS Superstores, under the leadership of its founder Chris Dawson, has taken ownership of a substantial part of Homebase's assets. This strategic move expands the retail empire of The Range's parent company, further solidifying its presence in the home and garden retail sector.
Key Details of the Ownership Change
The acquisition by CDS Superstores includes vital components of the Homebase business, ensuring continuity and integration into their existing retail portfolio.
- Acquired Assets: The deal encompassed 70 Homebase stores, along with the Homebase intellectual property (IP) and brand. This means CDS Superstores now controls a significant portion of Homebase's physical retail footprint and its established brand identity.
- New Owner Identity: While CDS Superstores is the corporate entity, it is widely known as the owner of The Range. Chris Dawson, the founder of The Range, is a key figure behind this strategic acquisition, often recognized as the driving force behind the new ownership.
- Strategic Growth: This acquisition allows CDS Superstores to diversify its offerings and potentially convert or integrate Homebase stores into its existing network, leveraging its expertise in discount retail and home improvement.
Overview of Key Entities
To provide a clearer picture, here's a summary of the main parties involved in this ownership transition:
| Aspect | Detail |
|---|---|
| New Owner | CDS Superstores (parent company of The Range) |
| Key Individual | Chris Dawson (Founder of The Range, often referred to as new Homebase owner) |
| Acquired Brand | Homebase |
| Assets Included | 70 Homebase stores, Homebase intellectual property (IP), and brand |
| Owner's Location | Devon-based |
This change in ownership marks a new chapter for Homebase, bringing it under the umbrella of a successful national retailer known for its diverse product range and extensive store network.
