Belfast Telegraph

Comet set to shut 125 more shops

By Jamie Grierson

Staff at stricken electricals chain Comet were dealt a pre-Christmas blow, after administrators announced a further 125 stores will close.

Deloitte said it would only keep the remaining 70 stores open until all remaining stock was sold.

There are no Comet stores left in Northern Ireland.

It confirmed it was still in talks with a "small number" of interested buyers, but said it was shutting shops in the absence of a firm offer for the whole business.

Deloitte also plans to close the company's distribution centre in Harlow, Essex, and will cut back office functions at Rickmansworth, Hull and Clevedon.

Around 5,000 employees work across the stores, with more than 3,000 jobs expected to be affected by the decision to shut 125 shops.

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.

Popular