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Comet collapse: all UK stores to close tomorrow as brand hangs in the balance

Monday, 17th December 2012 10:06 GMT By Dave Cook

Comet will see all of its electronics stores shuttered on December 18th, following the brand’s collapse. Administrator Deloitte published the announcement this morning. Get the details below.

MCV reports that Comet’s closure will result in the loss of 6,600 jobs across the UK, and will see the company shell out £2.1 million in unused holiday and back pay. However, the closures haven’t ruled out a potential buyer of the brand just yet, so a last-minute take over could still be possible.

Dixons has stepped in to hire 1,000 laid of Comet workers as Xmas temp staff for example, but the situation remains bleak. Comet owners OpCapita famously purchased the brand for just £2 last year, and more recently took over the Game UK group.

We’ll update this story should a new buyer be found.

Meanwhile, do you feel that this is a misplaced move given how close we are to Xmas? Could a last minute push in electronics ahead of the holiday season have addressed the issue a little, or was the brand’s death always inevitable? Let us know below.

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1 Comments

  1. freedoms_stain

    Brick and mortar electronics retail was fucked from the moment you could buy the same products for hundreds of pounds less online including premium delivery (next day tracked).

    Why would you bother going to a store with higher prices and less choice of stock to be served by clueless staff who only care about selling you the most expensive product you can afford (over the best product for your needs) when you can make a more informed opinion from home and get a better deal?

    #1 2 years ago

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