DIYWEEK.net

 

Focus to close remaining stores

Published: 25 May 2011
Administrators Ernst & Young are expected to announce today the planned closure of some 120 unsold Focus stores, putting about 3,000 jobs at risk.
Focus to close remaining stores
Speaking to DIY Week, an Ernst & Young spokesperson said that the move had not yet been confirmed, but that more information would be released later this morning.

It has been widely reported that Ernst & Young have appointed retail restructuring specialists Gordon Brothers to liquidate the stock from remaining stores. However, this is also yet to be confirmed by the administrators.

So far, 55 stores have been sold since Focus entered administration, 31 to Kingfisher, 13 to Wickes and 11 to B&M, leaving the future of the rest of the store portfolio uncertain.

Keep checking www.diyweek.net for updates on this story.

Comments


(Your email address will not be published)
8 + 9 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories

http://www.diyweek.net/focus-to-close-remaining-stores