Bunnings opens first UK store

Australian retailer Bunnings has opened its first UK store as part of a $A829 million investment plan.

bunnings

Source: AAP

Australian retailer Bunnings has opened its first UK store as part of a AGBP500 million ($A829 million) investment plan by its owners.

The inaugural shop in Hertfordshire replaces a previous Homebase store, after the entire brand was acquired by Bunnings' parent company Wesfarmers in a AGBP340 million deal last year.

It is the company's latest move to tap into Britain's GBP38 billion home improvement and garden market, with plans to open at least four pilot locations by June, creating 120 jobs.

A total of 10 stores could be up and running by the end of the year.

Wesfarmers aims to invest up to AGBP500 million to roll out Bunnings Warehouse locations across the UK and Ireland over the next three to five years, as it rebrands former Homebase sites under the Australian retailer's banner.


Share

1 min read

Published

Updated

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world