The Homebase branch at the Kingsway Retail Park in Dundee.
Homebase has been given the green light to press ahead with a wave of store closures that will see 42 DIY outlets shut, including its Dundee outlet.
The move puts around 1,500 jobs at risk.
The retailer is closing the stores via a Company Voluntary Arrangement (CVA), a controversial insolvency procedure used by struggling firms to shut under-performing shops.
More than 95% of landlords to the struggling chain voted to approve the proposal at a meeting yesterday, staving off the immediate threat of administration.
Homebase boss Damian McGloughlin said: “We are pleased that an overwhelming majority of our creditors, including such a proportion of landlords, have supported the plans laid out in the CVA.
“We now have the platform to turn the business around and return to profitability. This has been a difficult time for many of our team members and I am very grateful for their continued support and hard work.
Four stores in Scotland will close – the Kingsway Retail Park outlet in Dundee, Aberdeen, Inverness and Stirling. There is no suggestion the store in Glenrothes will shut.
Homebase’s Dundee outlet closure confirmed as part of rescue plan
