DIY Week.net
Essential reading for retailers and suppliers in the home improvement market
DIY Week Awards 2012
Check out the winners


News

Published on 25 - May - 2011
 
Focus to close remaining stores
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.


Comment Leave a comment Email Send to a friend   Print Printable version   Print Link to this story

Make a comment?
Your name
Subject

Inform me of responses to this comment

This Is CAPTCHA Image
Enter number above (anti-spam)



DIYWeek.net does not edit comments which are submitted directly by our users to express their own views. Please report abuse of our comment system here.




© Datateam Business Media Limited 2011. DIY Week.net news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.


Click here to receive the diyweek.net weekly newsletter


Datateam Business Media Limited
15A London Road, Maidstone, Kent ME16 8LY. United Kingdom
T: +44 (0)1622 687031
F: +44 (0)1622 687031

Cookies
We use cookies to make this site as useful as possible. They are small text files we put in your browser to track and assist usage of our site but, with the exception of cookies that help you log in, they don't tell us who you are.
You can control cookies in your browser settings. If you use our site it implies that you consent to our cookie usage. To find out more about how we use cookies and how you can control them, click here to see our cookie policy.