Creditors approve Homebase rescue deal



HOMEBASE has won approval for a rescue deal which will lead to the closure of 42 of its 241 stores, with the loss of up to 1,500 jobs. Nearly 96 per cent of creditors backed an insolvency procedure known as a company voluntary arrangement at a London meeting, without which it could have collapsed into administration.
Creditors approve Homebase rescue deal Creditors approve Homebase rescue deal Reviewed by Melbal Business News And Directory on 01 September Rating: 5

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