Partly Cloudy

Partly Cloudy

max temp: 24°C

min temp: 15°C

ESTD 1874 Search

UK: Future of Comet brand could be online-only

10:23 23 November 2012

A Comet store

A Comet store

THE entrepreneur behind Appliances Online has tabled a bid for Comet in a move that could see the failed electrical chain disappear from retail parks and high streets.

shares

John Roberts, who set up Appliances Online in 2000, confirmed he had put in a “seven-figure offer” for Comet’s website after it collapsed into administration earlier this month.

However, he said any deal would depend on whether he could rescue the Comet brand before too much damage was done through the administration process.

Administrator Deloitte is also understood to have received a bid for 140 of the 195 Comet stores, which could save more than 2,000 jobs.

Deloitte said it had been in discussions with a number of interested parties over different parts of the Comet business.

Some 1,500 posts at the collapsed electricals chain have already been axed, including 603 home delivery network jobs on Monday.

A further 57 head office posts at Rickmansworth in Hertfordshire, 56 jobs at a call centre in Clevedon, and 17 from an office in Hull also went this week, on top of 330 redundancies at the sites last week.

Deloitte has also announced that at least 27 Comet stores, including the Bury St Edmunds branch where 11 people are currently employed, will close by the end of November unless a buyer is found, with 14 more also at risk of imminent closure.

Comet has been hit by weak consumer demand, competition from online rivals and being unable to secure the trade credit insurance needed to safeguard suppliers.

shares

0 comments

Millions have been paid to passengers since 2012

There was a £900,000 increase in the amount paid to delayed passengers in just one year – from £1.4m in 2013/14 to £2.3m in 2014/15.

Anne Holt of Baker Tilly.

East Anglia’s many ports and logistics businesses are being advised to prepare for new European Union customs duty arrangements which come into force next year.

Alan Cowie, communications and events officer at the| New Anglia Growth Hub.

New Anglia Growth Hub is to host a funding workshop, bringing together five providers of business support under one roof.

The Birketts Tour de Wellbeing cycle team, from left, Matthew Potter, Ben Burt, Jolyon Berry (front) Greg Jones and Tom Shape.

Members of the employment team at regional law firm Birketts raised more than £1,000 for Breast Cancer Care by taking part in the Tour de Wellbeing virtual cycle race, held by EMCOR UK to coincide with the Tour de France.

A plane in Flybe's latest purple livery.

Regional airline Flybe has confirmed its 2015-16 winter schedule to and from Stansted.

The head office of BT, the BT Centre, in Newgate Street, central London.

Thousands of BT workers are to share in a £265million payout under share-related savings schemes which will see some employees making gains of more than £54,000.

Lloyds has added £1.4billion to its bill for compensating customers mis-sold payment protection insurance.

State-backed Lloyds Banking Group’s provision for payment protection insurance mis-selling has topped £13billion after it yesterday took another £1.4billion hit over the scandal.

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Development of Sizewell C took a huge step forward today as the companies were announced that will build its sister nuclear power station in Somerset.

Gary Allen, operations manager,  with Diane Allen and Graham Allen at Ipswich-based Ajax Domestic Spares which is celebratiing 40 years in business.

Ajax Domestic Spares has marked 40 years in business in style by launching a new showroom in Foxhall Road, Ipswich.

The Great House restaurant with rooms in Lavenham.

An award-winning Suffolk restaurant has gained another accolade after being ranked the 26th best in the country.

Most read

Most commented

Topic pages