Editing B&Q (section)

===2000s===
In December 2000, Kingfisher plc acquired 28 development sites, intended to house future shops of rival chain [[Homebase]] from [[J Sainsbury plc|Sainsbury's]], who sold the chain.<ref>{{cite news |url=http://news.bbc.co.uk/2/hi/business/1082731.stm |title=Sainsbury's sells Homebase |work=BBC News |access-date=30 September 2013 |date=22 December 2000}}</ref> The development sites instead housed shops of B&Q. In August 2001, B&Q opened its first shop in [[Shanghai]], when it hoped to increase outlets from four to 58 by 2005.<ref>{{cite web|url=http://news.bbc.co.uk/1/hi/business/1480233.stm|title=B&Q opens Shanghai megastore|publisher=news.bbc.co.uk|date=8 August 2001|access-date=4 April 2017}}</ref><ref>{{cite news |url=http://findarticles.com/p/articles/mi_m0VCW/is_15_27/ai_78236946 |title=B&Q sets its sights on ambitious shop roll-out - Shanghai B and Q Building Material Supermarket Co - International Pages - Brief Article &#124; Find Articles at BNET.com |publisher=Findarticles.com |date=6 August 2001 |access-date=29 April 2012}}</ref>

B&Q opened its first shop in [[Hong Kong]] on 1 June 2007,<ref>{{cite web |url=http://www.kingfisher.com/index.asp?pageid=55&newsid=528 |title=First B&Q store to open in Hong Kong |publisher=Kingfisher.com |date=1 June 2007 |access-date=13 February 2017 |archive-url=https://web.archive.org/web/20170214003512/http://www.kingfisher.com/index.asp?pageid=55&newsid=528 |archive-date=14 February 2017 |url-status=dead }}</ref> but was scheduled to close it on 13 September 2009.<ref>{{cite web|url=http://www.thestandard.com.hk/breaking_news_detail.asp?id=15345&icid=1&d_str= |title=Kingfisher to close B&Q store in Kowloon Bay |work=The Standard |access-date=28 April 2012 |url-status=dead |archive-url=https://web.archive.org/web/20121015163934/http://www.thestandard.com.hk/breaking_news_detail.asp?id=15345&icid=1&d_str= |archive-date=15 October 2012 }}</ref> In December 2007, Kingfisher sold its 50 per cent stake in B&Q Taiwan to its joint venture partner. The $106.5&nbsp;million (£51.6&nbsp;million) sale, producing a profit of £25&nbsp;million, was used to reduce debt.<ref name="taiwan_windup"/>

In March 2009, B&Q closed 22 of its then 63 shops in China, blaming the housing slump.<ref>{{cite news |last=Wood |first=Zoe |url=https://www.theguardian.com/business/2009/mar/26/kingfisher-bandq-china |title=Kingfisher makes deep cuts in B&Q's Chinese chain &#124; ''The Guardian'' |work=The Guardian |access-date=28 April 2012 |location=London |date=26 March 2009}}</ref>