DIY sec­tor ripe for a makeover

The Daily Telegraph - Business - - Business Comment -

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.

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