Essential reading for retailers and suppliers in the home improvement market

‘Two Bills’ set for Focus DIY

Published: 17 June 2007
Two men who revived the fortunes of Wickes in the 1990’s are set to be asked to repeat the trick at troubled Focus DIY.
According to newspaper reports this weekend, Bill Grimsey and Bill Hoskins will be installed at Focus DIY if the sale of the retailer to US hedge fund, Cerberus, is rubber-stamped.

The 'Two Bills' - as they are known - will take on the task of reviving the fortunes of Focus which is saddled with debts of around £280m.

Grimsey is expected to take over as chief executive, while Hoskins is tipped to become finance director. The pair turned around Wickes before it was sold to Focus Do-It-All for £289m in 2000.

Current chief executive, Steve Johnson, and other members of the senior management team are expected to leave the company.

Comments


(Your email address will not be published)
2 + 9 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories