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(Your email address will not be published)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

Latest reader comments

re: Carl Kammerling Fusion 2021 Trade Promotion – Filled with exciting new deals!

MIKE
GOOD AFTERNOON,WE USED TO DEAL WITH YOUR COMPANY MANY YEARS AGO, BUYING LARGE STOCKS OF DELETED AND RETURNS ITEMS.IF YOU HAVE ANY CLEARANCE ...

re: Toolbank

Bilal Ali
Hi Trust you are doing great. My name is Bilal Ali. I am the owner of Azaan International Ltd, a company specialized in products. We are ...

re: Woolworths staff reunited by new website

John Zullo
Hi I'm trying to find Lisa assistant manager of woolworths in the metro centre 1999 I only now her by her 1st and middle name Lisa Marie ...

re: Planning application submitted for new Homebase store in Abingdon

Gel
They closed their store last year!http://www.oxfordmail.co.uk/news/17570442.homebase-abingdon-starts-closing-sale/...

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...

Most read stories