Bunnings opens first UK store
Bunnings has established its first physical presence in the UK under its $829m expansion plan.
Hardware and home improvement retailer Bunnings has opened its first UK store as part of a £500 million ($829m) 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 £340m ($564m) deal last year.
It is the company’s latest move to tap into Britain’s £38 billion ($63bn) 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 £500m ($829m) 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 its own banner.
PA
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