B&Q Ireland Limited (B&Q) have recently confirmed the opening of three new stores in Ireland at locations in Navan, Waterford and Letterkenny.
The store openings follow the acquisition by B&Q of three leasehold stores, formerly trading as Homebase, for a purchase price of ca. £3.2m (€3.79m) [1]. Collectively the three will employ 109 colleagues, 51 of whom transferred from Homebase.
Following an extensive revamp and rebranding programme, the new stores opened in late May. The acquisitions build on B&Q’s existing network and bring to 11 its portfolio of stores in the Republic of Ireland. B&Q is part of Kingfisher plc., the international home improvement company, operating 2,000+
stores in 8 countries across Europe.
John Eason, B&Q Retail Director, Ireland said: “This is a landmark moment for B&Q and is indicative of the confidence we have in the Irish market. Opening three new stores builds on the success of our existing eight stores in Ireland and the continuous and growing demand for home improvement products and services nationwide.
B&Q launched in Ireland in 2002 and has 11 stores: Galway, Athlone, Limerick, Naas, Cork and three Dublin stores in Swords, Tallaght, Liffey Valley and now Navan, Waterford and Letterkenny.
[1]. Approximate amount presented in GBP using the following exchange rate: EUR 1.21: GBP1.00.
