B&Q is including the shops to its current vary of eight, in a transfer supposed to extend house enchancment choices for its prospects.
Dwelling enchancment big B&Q Eire is to purchase three leasehold Homebase shops in Eire for £3.2m (€3.86m). The shops will subsequently be transformed to the B&Q banner, from Homebase, with the primary one anticipated to be modified within the first half of 2025, and the remainder, by the tip of subsequent 12 months.
The three shops shall be positioned in Navan, Letterkenny and Waterford, and are anticipated to have a mixed total promoting house of 9,300 sq. metres. They new will add to B&Q’s current vary of eight shops in Eire.
The brand new additions are anticipated to go a good distance in the direction of offering purchasers with a greater vary of TradePoint and B&Q’s vary of house enchancment choices.
A number of the most important merchandise on supply shall be toilet and kitchen installations and design, paint mixing and timber slicing. Dwelling and bulk supply providers on the corporate’s web site can even be provided, together with click on and acquire choices.
The shops can even have Kingfisher personal unique manufacturers. Kingfisher at present owns B&Q, in addition to different manufacturers akin to Titan, Mac Allister, Cooke & Lewis, GoodHome, Myko and Klikstrom.
The transactions for these three new shops is prone to be wrapped up within the first quarter of the monetary 12 months 2025/26, with the shops’ settlement nonetheless being topic to customary and landlord regulatory approvals.
The workers of all three Homebase shops can even turn into B&Q workers, after a session interval.
Graham Bell, the chief govt officer (CEO) of B&Q, mentioned on the corporate web site: “We’re delighted to be including these three shops to our improbable retailer community. We’re decided to offer house improvers the selection and comfort they deserve, and these places want a house enchancment retailer that fulfils their want.
“We look ahead to swiftly concluding the acquisition and changing the shops to the B&Q model and supply, and to welcoming our new prospects to the shops and new colleagues to the B&Q household.”