Retail giant Homebase has gone into administration leaving 2,000 jobs at risk and 49 stores at risk of closure. The owner of Homebase, Hilco, has been looking to sell the retailer after a challenging few years for the brand.

A retail tycoon branded the ‘Del Boy billionaire’ is poised to rescue dozens of Homebase stores as the DIY retailer prepares to go into administration. Homebase has engaged consultants to find a new buyer, putting over 100 stores and thousands of jobs across the UK at risk, according to The Times.

Homebase has collapsed into administration, putting 2,000 jobs at risk. Hilco, the owner of Homebase, had been looking to sell the struggling retailer but has not managed to find an outright buyer. The company behind The Range retail chain is buying up to 70 stores as well as the Homebase brand,

Homebase has fallen into administration placing 2,000 jobs at risk. The British home improvement company’s owner, Hilco, was actively seeking to sell the beleaguered retailer, which has so far proven unsuccessful.

Over half of Homebase's workforce faces uncertainty after the DIY retailer's owners called in administrators following a failed sale attempt.