What was focus diy called before

This article is more than 10 years old. Massive closing-down sale scheduled for Saturday after administrators fail to find buyer for remaining stores. Focus DIY is to close the remainder of its stores, shedding thousands of jobs. Photograph: Graeme Robertson. Reuse this content. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

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Aviva to hand shareholders a bonus dividend following Youngs sales almost treble as brewer and pub owner shakes Footsie giant Johnson Matthey pulls the plug on electric Burberry brings back dividend but Covid restrictions keep New Indian owners of iconic British motorcycle brand Burberry to open 50 new stores targeting higher spenders High Street sales help WH Smith to overcome losses from Their sales numbers have been appalling. The shops were all rebranded to Focus DIY the following year and management developed a franchise with close to stores.

It sold Wickes five years later to Travis Perkins. It was around that time that the company ran into financial difficulties and was close to breaching its banking covenants.

Cerberus set about overhauling the group, slashing costs and selling off poorly performing stores, leaving it with Yet in , Focus was forced to enter into a Company Voluntary Arrangement with its creditors. Mr Clark said the long-term survival of the chain had looked "increasingly uncertain" from November last year, after Cerberus appointed investment bank Lazard to advise on options.

The number of retailers tumbling into administration soared by almost a third in the first three months of the year as the sector struggles to deal with a drop in consumer spending.

The accountants Deloitte yesterday revealed that 60 companies had fallen into administration during the first quarter, up from 46 a year earlier.