Homebase names ex-HMV boss Ian Topping as chairman

Topping ran HMV, which is also owned by Homebase investor Hilco, for five years, during which time he restored the entertainment specialist to profitability.

He has previously also run furniture group Steinhoff UK.

Homebase was acquired for £1 by Hilco in May, following a disastrous period under the control of Australian group Wesfarmers’ Bunnings DIY business. A CVA was approved in August as part of the plans to put Homebase back on track under the leadership of former B&Q director Damian McGloughlin.

McGloughlin said: “Ian’s experience and knowledge of the retail landscape will be an enormous asset as we continue to reinvigorate the Homebase proposition and return the company to profitability.”

“The challenges Homebase has faced in recent years have been well documented. However, it continues to have a unique market position and there is huge potential for the business to return to a position of strength.”

Ian Topping

Topping, who is taking the chair’s role on a part-time basis, said: “Homebase has been a mainstay of UK and Ireland retail for over 40 years and I am very pleased to join as chairman.

“The challenges Homebase has faced in recent years have been well documented. However, it continues to have a unique market position and there is huge potential for the business to return to a position of strength.”

Topping said in April this year that he would step down as chief exectuive of HMV after a handover period to Neil Taylor, HMV’s retail director.