Dunelm buys Ireland's Homefocus for undisclosed sum

20th Nov 2024 07:01

(Sharecast News) - Homewares retailer Dunelm on Wednesday said it had bought Irish soft furnishing chain Homefocus for an undisclosed sum.

Homefocus trades under the 'Home Focus at Hickeys' brand, with 13 physical stores across Ireland and an online operation.

"The acquisition is an attractive opportunity for Dunelm to connect with more customers by entering a new geography, with a homewares market of more than £1bn," the company said.

It added that there was potential to offer a broader range of products in Home Focus stores, in line with the its existing smaller format stores in the UK and also saw an "opportunity to introduce a more comprehensive online proposition and, over time, will assess new store opportunities across Ireland".

Reporting by Frank Prenesti for Sharecast.com

Top Risers

Share	Price	Change
Phoenix Copper. (PXC)	7.25	42.16%
Games Workshop (GAW)	13,610.00	16.23%
Proton Mtr Pwr (PPS)	0.145	16%
Tungsten west (TUN)	2.75	15.79%
Gfinity (GFIN)	0.0225	12.5%

Top Fallers

Share	Price	Change
Webis (WEB)	0.125	-68.75%
Vela Technologies (VELA)	0.0065	-13.33%
Mothercare (MTC)	3.80	-12.64%
Microsalt (SALT)	62.50	-10.71%
Indus Gas (INDI)	7.85	-10.29%

Top By Volume

Share	Price	Volume
Nativo Resources (NTVO)	0.0023	952,710,974
Vela Technologies (VELA)	0.0065	312,464,980
Nostra Terra (NTOG)	0.0235	231,868,240
Cap-xx (CPX)	0.135	227,717,109
Mosman Oil Gas (MSMN)	0.039	198,325,632

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.