NEWS

Potential buyers circle Home Retail after profit warning

Published on: 24th November 2015

Home Retail is reportedly being considered as a possible acquisition opportunity by a number of private equity firms.

Home-retail-480According to the Sunday Times, various industry experts have been called on to advise on potential approaches, and Home Retail’s board is said to be on the alert for an offer.

In last month’s half-year results, the struggling Argos and Homebase owner disappointed with a profit warning, as it revealed like-for-like sales at Argos dropped 3.4% and cautioned that it was uncertain how customers would respond to the upcoming Black Friday sales event.

The stock most recently closed at 103.4p.

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