BREAKING: Maplin goes into administration – 2,500 jobs at risk

BREAKING: Maplin goes into administration – 2,500 jobs at risk
 

The 40-year-old firm said it had been hit by the impact of the Brexit-hit pound, a “weak consumer environment” and the withdrawal of credit insurance.
The news came shortly after retailer Toys R Us went into administration.
The group, owned by private equity firm Rutland Partners, called in PwC on Wednesday after attempts to rescue the chain failed.
Chief executive Graham Harris said: "I can confirm this morning that it has not been possible to secure a solvent sale of the business and as a result we now have no alternative but to enter into an administration process.
"During this... read more

 
28 February 2018 in Business, Views: 55
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