NEGOTIATIONS are taking place to sell Spalding’s Focus store to the firm behind DIY giant B&Q.
The store in Winfrey Avenue has been named as one of the 31 outlets looking to be snapped up by Kingfisher plc in a deal worth £23million.
Administrators Ernst and Young were called in to Focus on May 5 and have since been trying to sell the business as a going concern.
The Spalding store, along with the 174 others around the country, has continued to trade during this time.
However, the future is uncertain for the store’s 16 staff while negotiations take place.
Ian Cheshire, Kingfisher’s group chief executive, said: “We hope to be able to bring B&Q’s choice, convenience and value to these communities as soon as possible.
“However, the final number of stores is dependent on clearance from the regulatory authorities and satisfactory negotiations with landlords.
“A swift conclusion to this process would enable B&Q to take on all the staff at these stores.”
Administrators have also confirmed B&M Homestore has conditionally agreed to take on 11 stores nationwide, while talks are ongoing for Wickes Building Supplies to take over 13 stores.
In a statement from the administrators, they said it was “envisaged” staff from those 24 stores would transfer their employment.