Homebase, a stalwart of the UK’s DIY world, has been the target of multiple takeovers since it was founded by Sainsbury’s forty years ago.

But none rocked the boat quite like the acquisition by Australian retail group Wesfarmers.

Nearly three years ago, Wesfarmers splurged £340million on Homebase, axed without ceremony every member of the Homebase board and set about erasing the established home improvement brand.

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