DIY sector ripe for a makeover
Builders’ merchant Travis Perkins yesterday signalled it was ready to offload its Wickes retail chain. But much like doing a spruce-up job on a home before flogging it for a hopefully higher price, the company said that it wants to keep improving the division’s business in “the medium term”. It might have to. Bunning’s disastrous purchase of Homebase hardly acts as a good advert for dealmaking in DIY.