Kingfisher buys 31 Focus stores

Published:  09 May, 2011

LONDON: Kingfisher, owner of the B&Q DIY chain, is to buy up to 31 stores from Focus DIY for £23m.

On Thursday, Crewe-based Focus went into administration after its business was hit by the weak housing market and low consumer confidence.

Focus' administrators said the deal represented an "exceptional outcome" for the creditors of the firm.

Announcing the sale, Simon Allport, one of the joint administrators from Ernst & Young, said: "The joint administrators will continue to trade all of the group's stores and will seek further offers for a going concern sale of the group's business and assets."

The B&Q chain has about 330 stores in the UK and Irish Republic. Other chains owned by Kingfisher include Screwfix and France's Castorama. Focus DIY operates nearly 180 stores in the UK, which are continuing to trade, and employs almost 4000 staff.

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