Who owns focus do it all

This is the first move to put two small companies together to create a company that will be strong in the UK and can be expanded in Europe. Wickes has stores aimed mostly at the DIY enthusiast and trade builder. The scandal, based on the Wickes management, led by American Henry Sweetbaum, accepting supplier payments as profits - leading to a huge profit over-statement - led to a Serious Fraud Office investigation. Bill Grimsey, appointed chief executive to lead the recovery in said yesterday: "Focus Do-It-All is trying to snatch the benefits of the store renewal programme and investment of several years on the cheap.

This offer is thoroughly inadequate and opportunistic. City analysts supported the logic of the bid but said Focus would have to increase its offer.

The sale by Boots means it has now sold most of the businesses it acquired as part of the ill-fated Ward White acquisition 10 years ago. The only remaining Ward White business is Halfords, the car accessories chain.

However, Boots said yesterday that Halfords was a core business and that there were no plans to sell it. Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members.

The feedback has been excellent. Focus's problems were compounded by weak consumer confidence. The DIY sector has been among the hardest hit as the housing market, one of the most important forces behind spending on home improvements, seized up. He said the administrators were still in talks about a number of stores but the plans to liquidate the stock would see stores close and remaining employees going through a "redundancy process". Last year an attempt to sell the ailing business failed.

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