Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 9°C

ESTD 1874 Search

The pigs are coming. Find out more about

Pigs Gone Wild

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.

0 comments

UCU National Executive Member Steve Sangwine of Essex picketing

University staff in Suffolk and Essex took part in the first of two planned days of strike action yesterday, in a dispute over pay.

Celebrating the launch of British Airways flights from Stansted Airport are Luke Hayhoe of BA CityFlyer (left) and Andrew Cowan of Stansted Airport with British Airways’ cabin crew Paulina Stasiak (left) and Danielle Bellini.

The first British Airways flights from Stansted Airport will get off to a flying start this weekend with all the summer sun destinations fully booked.

Hawthorn Drive, Ipswich

An empty former care home in Ipswich could be turned into 23 apartments and four bungalows, if planners give the scheme the green light.

Dave Muller speaking at the Ipswich Vision networking event hosted by the Greater Ipswich Chamber of Commerce.

Nearly 100 leaders of businesses and other organisations from in and around Ipswich have been challenged to act as ambassadors for for town.

The Keronite process in action.

Suffolk-based surface technology company Keronite has secured European Union funding to develop new wear resistant technologies for the automotive market.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24