Comet

UK: Comet collapses into administration - but stores remain open

Friday, November 2, 2012
5:39 PM

ELECTRICALS chain Comet has collapsed into administration, but customers and the group’s 6,600 staff have been told it is business as usual amid plans to secure a rescue deal for the firm.

Administrator Deloitte - whose appointment was brought forward to today - said it was launching an “urgent” search for a buyer to protect jobs at the 236-outlet chain.

All Comet stores will remain open and all staff will continue to be paid in the meantime, according to Deloitte.