B&Q Ireland is to open in Letterkenny after announcing that it has reached agreements to acquire three leasehold stores, currently trading as Homebase.
The three stores in Letterkenny, Navan, Co. Meath and Waterford will complement B&Q’s existing network of eight stores in the Republic of Ireland, and the company say the purchase will represent strategic additions to its estate.
The agreement for the stores is subject to landlord and customary regulatory approvals. B&Q will convert to its banner the first of these stores in the first half of next year and aims to complete the conversion of all sites by the end of calendar year 2025.
On completion of the acquisition, following a period of consultation with the employees at the three stores, they will become employees of B&Q.
Graham Bell, CEO, B&Q, said: “We’re delighted to be adding these three stores to our fantastic store network. We’re determined to give home improvers the choice and convenience they deserve, and these locations need a home improvement store that fulfils their need.
“We look forward to swiftly concluding the purchase and converting the stores to the B&Q brand and offer, and to welcoming our new customers to the stores and new colleagues to the B&Q family.”