HOMEBASE has collapsed into administration, putting 2,000 jobs at risk reports the BBC.
Hilco, the owner of Homebase, had been looking to sell the struggling retailer but has not managed to find an outright buyer.
The company behind The Range retail chain is buying up to 70 stores as well as the Homebase brand, safeguarding about 1,600 jobs.
It leaves 49 shops and thousands of jobs under threat though the administrators Teneo declined to say at this stage where these stores are.
Click below for more details.
