Administration
On 24 June 2011 Hilco, who had owned Habitat UK Ltd since December 2009, announced that they were putting the company into administration. Home Retail Group, owner of Argos and Homebase purchased the Habitat brand, three Central London stores and the UK website. The UK business was registered under the name Habitat Retail Ltd, a wholly owned subsidiary of Home Retail Group. Home Retail Group will retain approx 100 staff at the London stores and around 50 in head office, including many of Habitat's in-house designers, buyers and merchandisers. Cafom, a company registered in France, purchased Habitat's European businesses. As of 11 September 2011, all other Habitat stores in the UK had been closed by Hilco with around 750 employees being made redundant.
Read more about this topic: Habitat (retailer)