Partly Cloudy

Partly Cloudy

max temp: 17°C

min temp: 10°C

Search

UK: Future of Comet brand could be online-only

PUBLISHED: 10:23 23 November 2012 | UPDATED: 10:57 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.

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.

Search hundreds of local jobs at Jobs24

0 comments

The University of Suffolk will be offering higher and degree apprenticeships for the first time from June – a move which business leaders say will mark Suffolk as a driving force in skills and leadership.

A team from Jackson Civil Engineering will feature in a battle against time in tomorrow’s final episode of a six-part TV series taking a behind-the-scenes look at the operation of the M25.

BT has been given a £42m fine by the telecoms watchdog and is expected to pay out £300m in compensation to rivals over delayed high-speed cable installations.

Wholesaler Booker will update on trading on Thursday amid mounting calls for a competition inquiry into its £3.7 billion merger with supermarket giant Tesco.

Fresh produce specialist Norish has lifted its forecast after a strong start to the year for its temperature controlled storage and commodity trading operations.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24