Home | Business | Deals

Deals

Comet’s £2 sale set for completion

Struggling electricals chain Comet is set to change hands for a token £2 today  following days of tense talks with suppliers.

The company will be sold to retail turnaround firm OpCapita in a deal which will see its former owner Kesa Electricals pump £50m into the business and take on its pension scheme.

The exchange has not been plain-sailing as former Dixons Retail boss John Clare, who is set to be appointed chairman, met with suppliers to secure their support after trade credit insurers placed Comet under review.

*Do you receive the MEN business bulletin? Take the hard work out of keeping up with Manchester business news and sign up for the twice-daily email –

click here

Comments

Login or Register to comment

Im not suprised they are struggling, i went to buy a laptop from them, i was told they had it in stock, the salesman then tried to sell me extended warranty and antivirus software when i refused to purchase these i was told the laptop was out of stock, I left and purchased the same laptop from Tesco Online £75.00 cheaper

Report This Reply