Norton Group Holdings Explained

Norton Group Holdings Limited
Industry:Home improvement retailers
Location City:Plymouth
Location Country:United Kingdom
Key People:Chris Dawson
Brands:The Range
Wilko

Norton Group Holdings Limited is a British holding company of home improvement retailers including The Range and Wilko, as well as a concession partnership with the Iceland supermarket chain. It is owned by Chris Dawson.

History

In 1980, Chris Dawson began as an open-air market trader in Plymouth, later opening a retail store on Sugar Mill Business Park in 1989. Initially trading as Chris Dawson Superstores (CDS), the name would later change to The Range in the early 1990s.[1] The Range would then later grow into a major retailer across the United Kingdom, with Norton Group Holdings becoming the ultimate owning company.[2]

In September 2023, the company acquired the brand and digital assets of discount retailer Wilko for £5,000,000 after Wilko's parent company collapsed into administration a month earlier.[3] In October 2023, Norton Group Holdings said that the company would open 5 new stand-alone Wilko stores “before Christmas". This came just under 3 weeks after the collapsed retailer ceased operations.[4] This would include a store in both Plymouth and Exeter, two in the southeast, and one in the north.[5] By 29 March 2024, Wilko stores had opened in Plymouth, Exeter, Luton, St Albans, and Rotherham, with an additional store planned to open in Poole in August 2024.[6] [7]

In July 2024, it was reported that Norton Group Holdings was exploring a takeover deal of DIY chain Homebase from Hilco Capital.[8]

Notes and References

  1. Web site: 2024-05-16 . The Range owner Chris Dawson sees wealth surge to £2.5bn . 2024-07-21 . Yahoo News . en-GB.
  2. Web site: The Range turnover tops £760m as profits grow . 2024-07-21 . www.insightdiy.co.uk.
  3. News: 2023-09-13 . Wilko brand bought by The Range in £5m deal . 2023-11-01 . BBC News . en-GB.
  4. Web site: Jones . Stephen . 2023-10-27 . Standalone Wilko stores to return to the UK under 'aggressive' rollout plans . 2023-11-01 . The Grocer . en.
  5. Web site: Five Wilko shops to reopen before Christmas . 2023-11-02 . Sky News . en.
  6. Web site: Cannon . Finley . 2023-11-03 . Wilko set to open in Luton with 80 new employees . 2024-05-03 . Bedfordshire Live . en.
  7. Web site: Cunningham . Ed . 2024-03-28 . Wilko is opening 300 new UK stores – here’s the full list of confirmed locations so far . 2024-05-04 . Time Out United Kingdom . en-GB.
  8. Web site: Hill . Eloise . 2024-07-21 . Homebase owner approached by The Range as it eyes sale - Retail Gazette . 2024-07-21 . en-GB.