Home / News / Focus DIY to go out of business

Focus DIY to go out of business

Joint administrators for failed DIY chain Focus DIY are to close 120 stores, having failed to find a buyer for the business as a whole.

Focus DIY to go out of business

Simon Allport, Tom Jack and Alan Hudson of Ernst & Young were appointed joint administrators on May 4 when the company broke its banking covenants. Focus employed about 3,900 staff and operated approximately 178 stores.

Although the intention was to sell the business as a going concern the administrators have been unable to find a suitable purchaser for the business as a whole.

Around 55 stores have been sold to rivals Kingfisher, B&M Discounts and

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

Check Also

Increased timber demand puts pressure on supply, says TTF

Rising demand for timber is fuelling pressure on the supply chain, rather than limitations wit …