B&Q chief executive Ian Cheshire has been conducting a strategic review of the business since taking over in June.
Kingfisher declined to comment on the report that also claimed the retailer could miss current consensus forecasts in the City for its full-year profits by as much as £50 million.
As well as B&Q and Screwfix Direct in the UK, Kingfisher owns Castorama and Brico Depot in France and stores across Europe and
The City has been softened up for bad news from Kingfisher by past updates that have shown it to be suffering from a slowdown in spending
Earlier this year, Kingfisher revealed a 16 per cent slump in quarterly
profits at B&Q and a 7.7 per cent fall in like-for-like sales because of strong competition, lower activity in home improvements and an early Easter for poor sales of kitchens, bedrooms and bathrooms.
Profits forecasts that were once as high as £694 million for the year to January 31 have now fallen to around £580 million because of the disappointing news on trading.