Norton Group Holdings Explained

Norton Group Holdings Limited
Industry:Home improvement retailers
Location City:Plymouth
Location Country:United Kingdom
Key People:Chris Dawson
Brands:The Range
Wilko
Homebase

Norton Group Holdings Limited is the British holding company of home improvement retailer CDS (Superstores International) Limited, which includes The Range, Wilko and Homebase, as well as a concession partnership with the Iceland supermarket chain.[1] It is owned by chairman and CEO Chris Dawson's wife Sarah Dawson.[2]

History

In 1980, Chris Dawson began as an open-air market trader in Plymouth, later opening a retail store on Sugar Mill Business Park in 1989. Initially trading as Chris Dawson Superstores (CDS), the name would later change to The Range in the early 1990s.[3] The Range would then later grow into a major retailer across the United Kingdom, with Norton Group Holdings becoming the ultimate owning company.[4]

In September 2023, the company acquired the brand and digital assets of discount retailer Wilko for £5,000,000 after Wilko's parent company collapsed into administration a month earlier.[5] In October 2023, Norton Group Holdings said that the company would open 5 new stand-alone Wilko stores “before Christmas". This came just under 3 weeks after the collapsed retailer ceased operations.[6] This would include a store in both Plymouth and Exeter, two in the southeast, and one in the north.[7] By 29 March 2024, Wilko stores had opened in Plymouth, Exeter, Luton, St Albans, and Rotherham, with an additional store planned to open in Poole in August 2024.[8] [9]

In July 2024, it was reported that Norton Group Holdings was exploring a takeover deal of DIY chain Homebase from Hilco Capital.[10] In November 2024, Norton Group Holdings rescued Homebase from administration, safeguarding 1,500 jobs with up to 75 stores saved.[11]

Notes and References

  1. Web site: CDS Superstores Acquires Homebase Brand, IP And Up To 70 Stores . 2024-11-17 . www.insightdiy.co.uk.
  2. Web site: Morgan-Bentley . Paul . 13 April 2019 . The Range boss Chris Dawson hands business to his wife saving millions in tax . https://archive.today/20210830071006/https://www.thetimes.co.uk/article/del-boy-tycoon-hands-ownership-of-business-to-wife-saving-millions-in-tax-rd0jrf92j . 30 August 2021 . 24 January 2023 . The Times . en.
  3. Web site: 2024-05-16 . The Range owner Chris Dawson sees wealth surge to £2.5bn . 2024-07-21 . Yahoo News . en-GB.
  4. Web site: The Range turnover tops £760m as profits grow . 2024-07-21 . www.insightdiy.co.uk.
  5. News: 2023-09-13 . Wilko brand bought by The Range in £5m deal . 2023-11-01 . BBC News . en-GB.
  6. Web site: Jones . Stephen . 2023-10-27 . Standalone Wilko stores to return to the UK under 'aggressive' rollout plans . 2023-11-01 . The Grocer . en.
  7. Web site: Five Wilko shops to reopen before Christmas . 2023-11-02 . Sky News . en.
  8. Web site: Cannon . Finley . 2023-11-03 . Wilko set to open in Luton with 80 new employees . 2024-05-03 . Bedfordshire Live . en.
  9. Web site: Cunningham . Ed . 2024-03-28 . Wilko is opening 300 new UK stores – here’s the full list of confirmed locations so far . 2024-05-04 . Time Out United Kingdom . en-GB.
  10. Web site: Hill . Eloise . 2024-07-21 . Homebase owner approached by The Range as it eyes sale - Retail Gazette . 2024-07-21 . en-GB.
  11. Web site: The Range closes in on chunk of Homebase in pre-pack sale . 2024-11-13 . Sky News . en.