Sainsbury gives Marshall more competition for Homebase

Sainsbury's has said it made an offer for Argos and Homebase owner Home Retail Group in November, but that the offer was rejected.

Sainsbury's said: "The combination of Sainsbury's and Home Retail Group is an attractive proposition for the customers and shareholders of both companies." 

Sainsbury's said it was now "considering its position" before a potential second offer.

Under UK takeover rules Sainsbury's has until 2 February to decide whether to make a formal offer.

Former Garden Centre Group chief Nicholas Marshall has expressed interest in Homebase and criticised its online efforts this week.

French home-improvement retail chain Leroy Merlin and South African furniture and household goods retail chain Steinhoff International are also reported to be interested in Homebase.

A Home Retail Group Christmas trading update is due on 14 January but previously HRG has warned about potential profits.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Pots and containers

Pots and containers

Superior propagation products can justify extra expenditure by providing precise cell fill, optimum root development and healthy plugs, writes Sally Drury.

Business Planning - Inflationary pressures

Business Planning - Inflationary pressures

How can horticulture businesses respond to Brexit-fuelled inflation? Neville Stein outlines the options.

Garden centre profile: Mappleborough Green Garden Centre

Garden centre profile: Mappleborough Green Garden Centre

Phase two of the redevelopment of the former Badger Nurseries has delivered rapid and impressive results, Matthew Appleby discovers.

Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Garden retail Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. NEW: 2016 listing just published

Garden Centre Prices

GARDEN CENTRE PRICES w/e 21 September 2016
GARDEN CENTRE PRICES w/e 24 August 2016

Pest & Disease Tracker bulletin 

The latest pest and disease alerts, how to treat them, plus EAMU updates, sent direct to your inbox.

Sign up here