Comet enters administration putting 6,500 jobs at risk
6 November 2012
The British high street electrical retailer has gone into administration, putting over 6,500 jobs at risk.
Deloitte said on Friday that it had been appointed as Comet’s administrator and are now now seeking a buyer for Comet’s 240 stores.
In a statement, Neville Kahn at Deloitte said: "Our immediate priorities are to stabilise the business, fully assess its financial position, and begin an urgent process to seek a suitable buyer which would also preserve jobs,"
OpCapita bought Comet last year for £2, but the business has struggled due to the downturn, and an upsurge in sales for online retailers.
The news follows the collapse of retail chains such as JJB Sports, Game and Peacocks this year.
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