type public traded as lse home otcqx hmrty industry retailer founded 2006 headquarters 489 499 avebury boulevard milton keynes buckinghamshire uk key people john coombe chairman john walden ceo products consumer goods revenue 5 710.4 million 2015 1 operating income 137.4 million 2015 1 net income 71.6 million 2015 1 parent j sainsbury plc website www.homeretailgroup.com home retail group plc lse home was a home and general merchandise retailer based in the united kingdom . it was the parent company of argos and habitat and also owned the diy chain homebase until it sold it to the australian retailer wesfarmers in february 2016 . home retail group was listed on the london stock exchange until it was acquired by the british supermarket company sainsbury s for 1.4 billion on 2 september 2016 . contents 1 history 2 operations 3 financial performance 4 references 5 external links history edit gus plc acquired argos in 1998 and combined it with its mail order business to form argos retail group arg in 2000 . 2 it went on to acquire homebase for 900 million in 2002 bringing it into arg . 3 in 2005 gus bought 33 index stores which were subsequently converted to the argos format . 4 arg was renamed home retail group upon its 2006 demerger from gus . 5 shares in home retail group were traded on the london stock exchange as from 11 october 2006 . 6 in 2007 home retail group bought 27 stores from focus diy and converted them to the homebase format . 7 in 2011 the group bought the exclusive rights to the habitat brand its brand designs and intellectual property in the united kingdom and ireland along with three stores in london and its website . 8 in november 2015 the group rejected a 1 billion takeover proposal from the supermarket company sainsbury s which it revealed on 5 january 2016 . 9 on 18 january 2016 it was confirmed that homebase would be sold to the australian retailer wesfarmers for 340 million subject to shareholder approval . 10 the sale was completed on 27 february 2016 . 11 sainsbury s submitted a revised offer of 1.3 billion on 2 february 2016 with a deadline of 23 february to make a firm bid . 12 steinhoff international submitted a rival bid of 1.4 billion on 19 february . 13 steinhoff abandoned its bid on 18 march 2016 while sainsbury s submitted a formal bid of 1.4 billion . 14 on 1 april 2016 the company agreed to a takeover offer from sainsbury s. the deal was completed on 2 september 2016 . 15 operations edit home retail group s businesses argos and habitat operate in over 800 stores across the united kingdom and ireland . the group had a 49 % holding in a multi channel general merchandise retail business in china called hh retail limited with haier group one of the world s leading home appliance manufacturers holding the remaining 51 % . 16 the group sold its 33 % shareholding in ogalas limited which trades as home store more in the republic of ireland on 8 march 2013 . 17 home retail group owns a number of well known brands including alba bush chad valley cherokee habitat hygena schreiber challenge sovereign cookworks and heart of house . 18 financial performance edit all figures below are for the group s financial years which run for 52 or 53 week periods to late february early march . 1 52 53 weeks ended turnover m profit loss before tax m profit loss for year m basic earnings per share p 28 february 2015 5 710.4 93.8 71.6 9.4 1 march 2014 5 663.0 71.2 54.0 6.8 2 march 2013 5 475.4 130.1 94.0 11.7 3 march 2012 5 582.8 104.1 72.8 9.1 26 february 2011 5 851.9 265.2 190.9 23.1 27 february 2010 6 022.7 293.0 209.8 24.3 28 february 2009 5 897.4 394.2 413.1 47.7 1 march 2008 5 984.8 426.0 294.6 34.0 references edit a b c d annual report 2015 pdf . home retail group . retrieved 9 april 2016 . our story . home retail group . retrieved 28 march 2015 . gus snaps up homebase . bbc news . 21 november 2002 . retrieved 22 february 2015 . anticipated acquisition by gus plc of part of the index business of littlewoods ltd oft gus reveals demerger plans . investors chronicle . retrieved 28 march 2015 . welcome . london stock exchange . 11 october 2006 . completed acquisition by home retail group plc of 27 leasehold properties from focus diy ltd oft habitat stores enter administration as part of sale . bbc news . 24 june 2011 . retrieved 21 february 2016 . sainsbury s bid approach for argos owner home retail rejected . bbc news . 5 january 2016 . retrieved 21 february 2016 . homebase bought by australia s wesfarmers for 340m bbc news 18 january 2016 retrieved 21 february 2016 neilan catherine 29 february 2016 . homebase to be rebranded bunnings after wesfarmers completes 340m acquisition from home retail group now what s happening with argos . city a.m. retrieved 29 february 2016 . johnston chris 2 february 2016 . sainsbury s to future proof with 1.3 bn argos deal . bbc news . retrieved 21 february 2016 . armstrong ashley ; marlow ben ; williams christopher 20 february 2016 . sainsbury s bid for argos hangs in balance amid threat of competition probe . the telegraph . retrieved 21 february 2016 . sainsbury s bids for argos owner home retail group . bbc news . 18 march 2016 . retrieved 18 march 2016 . sainsbury s acquisition of argos parent company now complete . retail gazette . 2 september 2016 . retrieved 2 september 2016 . haier elec hkg 1169 invests us 15m in jv with home retail chinese stock information 19 october 2011 commission clears acquisition of ogalas by home retail and durinicum practical law 2007 our brands . home retail group . retrieved 28 march 2015 . external links edit official website retrieved from https en.wikipedia.org w index.php title home retail group & oldid 740156649 categories british companies established in 2000companies listed on the pink sheetsretail companies of the united kingdomcompanies based in milton keynesretail companies established in 2000companies listed on the london stock exchangehidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran aisrom n scots edit links this page was last modified on 19 september 2016 at 11 47 . text is available under the creative commons attribution sharealike license ; 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