Has Argos bought Habitat?

The company behind Argos and Homebase has bought the Habitat brand in the UK and its three flagship stores in London for £24.5m. The rest of the loss-making UK chain, owned by retail restructuring specialist Hilco, has been put into administration.

Has Habitat been taken over by Argos?

Argos-owner Home Retail Group has bought the Habitat brand as part of a £24.5m deal. Home Retail Group acquired the exclusive rights to its master and sub design brands, three London stores and its website from restructuring company Hilco. The rest of the Habitat business has been put in administration.

Whats happened to Habitat?

Habitat is set to become Sainsbury’s main home and furniture brand, replacing all products currently in stores. … The new ranges will be available in Sainsbury’s and Argos stores, as well as online on Argos’ and Habitat’s websites.

Does Sainsburys own Habitat?

Habitat and Argos are both part of the Sainsbury’s Group and have decided to come together to improve your shopping experience. This means you can still shop the Habitat style you love but with the added Argos benefits of better delivery and collection options.

Is Habitat going out of business?

Sainsbury’s has disclosed further details of Habitat store closures and its plan to have the brand headline its home and furniture offer, selling through Sainsbury’s and Argos from January.

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Is Habitat still going?

On 27 May 2021, Sainsbury’s confirmed that, as part of its integration of Habitat into its sister chain Argos, the trade, assets and liabilities of Habitat Retail Limited had been transferred to Argos Limited on 5 February 2021. This means that Habitat is now a trading name of Argos and not a company in its own right.

Does IKEA own Habitat?

Habitat was bought by Ikea in 1992, but although the Swedish furniture giant was enjoying massive growth with its own shops, it struggled with Habitat. … Dixon, who lasted 10 years as Habitat’s design director, brought in a new generation of designers and products.

Why is Habitat closing?

A representative for parent company Sainsbury’s, which bought Habitat in 2016, cited consumer’s increasing preference for online shopping as the reason for the closure. “Over the years the store has provided inspiration to millions of people,” they explained.

Does Sainsburys own Argos?

Sainsbury’s, which bought Argos in 2016, said in its statement that the 120 standalone Argos stores that had not reopened since they were closed in March would now shut permanently. … In addition to the 150 Argos stores it plans to open in its supermarkets by 2024, it also plans a further 150-200 collection points.

Does Homebase sell Habitat?

Habitat is opening a series of concessions within Homebase stores, selling furniture, lighting and accessories. Habitat says the concessions have been designed by creative director Polly Dickens, who was appointed at the start of the year, and the in-house design team. …

Who owns Homebase?

Overview: J Sainsbury plc is the parent company of Sainsbury’s Supermarkets Ltd, the third largest chain of supermarkets in the UK, with 16.3% share of the market. The largest overall shareholder is the investment vehicle of the Qatari royal family who now hold 26.145% of the company.

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Is Habitat in administration?

Habitat has appointed administrators for its other 30 outlets, which will continue trading for now. HRG will retain 100 staff at the London stores and 50 in “brand support”, which includes Habitat’s furniture designers.

When did Habitat open in Tottenham Court Road?

Habitat opened on Tottenham Court Road in 1966, two years after the company was founded by Sir Terence Conran. The 25,000 square foot store underwent a £1.5m upgrade in 2015 and 2016.