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Focus DIY
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===The "new" Focus=== [[File:Focus DIY - Cavendish Street Retail Park - geograph.org.uk - 1690135.jpg|thumb|Focus DIY, [[Keighley]], West Yorkshire (2010)]] [[Cerberus Capital]] purchased Focus DIY for Β£1 in June 2007, and appointed [[Bill Grimsey]], formerly CEO of Wickes, as CEO.<ref name=autogenerated2 /> In an attempt to tackle the financial problems the owners restructured the business, and injected fresh capital in the form of Β£200 million via loans by the owners [[Cerberus Capital]], [[Bank of Scotland]] and [[Ally Financial|GMAC]].<ref name=autogenerated4 /> Costs were slashed, and under performing stores were either closed or sold to other retailers, including [[Homebase]], [[Tesco]], [[Wickes]] and [[Sainsbury's]]. A programme of new store formats and further cost cutting was undertaken in 2009.<ref name=autogenerated4 /> In February 2011, [[Asda]] announced the purchase of six stores from Focus DIY, which were converted into supermarkets later that year. By January 2011, the number of stores had gradually been reduced from 256 in 2007 to 178.<ref name=autogenerated2 /><ref name=autogenerated3 />
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