Partly Cloudy

Partly Cloudy

max temp: 23°C

min temp: 14°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

Bury St Edmunds: Closing down sale at Comet store

11:03 19 November 2012

Closing down sales have been announced at some Comet stores

Closing down sales have been announced at some Comet stores

A CLOSING down sale is beginning at Bury St Edmunds Comet store as the joint administrators of the collapsed electrical retail chain continue to seek a buyer.

Administrators from Deloitte confirmed plans on Saturday to close 41 Comet stores, including the Bury St Edmunds store, where 11 staff are employed, by the end of November, unless a buyer can be found for the business in the meantime.

A closing down sale with increased discounts began in 27 stores on Saturday and will begin in a further 14 stores early this week, they said.

More generous discounts will also be applied to products across all of the other 195 Comet stores, which continue to trade as usual. Administrators said they will look to redeploy staff from any stores which do face closure to other stores nearby, but there will inevitably be redundancies. Comet also has stores at Ipswich, where 24 staff are employed, and Colchester, where there are 20 employees.

A dedicated employee helpline has been set up and the company is running an Employee Assistance Programme to help those staff made redundant find other jobs.

“The administrators continue to hold discussions with parties who have expressed interest in parts of the business. Regrettably, however, it is necessary to begin a store closure programme and an employee consultation process is under way,” Deloitte said.

Joint administrator Chris Farrington said: “We are very grateful to the company’s employees for their professionalism, loyalty and support at this difficult time and all employees will of course continue to be paid for all the work they do while the company is in administration.”

Neville Kahn, Nick Edwards and Chris Farrington of Deloitte were appointed joint administrators to Comet on Friday, November 2.

The 240-strong chain confirmed plans for it to be placed into administration earlier this month, marking one of the UK’s biggest retail failures in recent years and putting around 6,500 retail jobs under threat.

Search hundreds of local jobs at Jobs24

0 comments

ATOL is there to protect holiday makers should anything go wrong

Did you know that the Civil Aviation Authority has tightened rules over reporting on the returns of ATOL registered travel agents to better protect holidaymakers?

According to figures released by The Insolvency Service, more than 400 people declared insolvency in Ipswich last year.

Ipswich had the seventh highest personal insolvency rate in the country in 2015, with hundreds of people unable to pay their debts.

MEL Aviation in Sudbury.

A Sudbury-based aerospace, defence and industry engineering firm is celebrating after scooping a Ministry of Defence (MoD) contract to service and repair armament ground support equipment.

A GlaxoSmithKline (GSK) flag near Irvine in Scotland, as GSK brushed aside Brexit jitters and announced that it is pumping £275m into its three UK manufacturing sites, dubbing the UK an

GlaxoSmithKline has brushed aside Brexit jitters and announced that it is pumping £275m into its three UK manufacturing sites, dubbing the UK an “attractive location”.

Stuart Parish, managing director, Travel Weekly Group; Laurence Hicks, managing director of sponsor Wendy Wu Tours; Jeanne Lally, Travel Bureau Gosforth; Renford Sargent, Premier Travel; Roddie MacPhee, Barrhead Travel; Lucy Huxley, editor-in-chief, Travel Weekly Group.

The chairman of East Anglian travel agent Premier Travel has been honoured with a prestigious lifetime achievement industry award.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24