Comet, the electrical retailer, is close to going into administration, putting about 6,000 jobs at risk, reports say.
The company, bought by private equity firm OpCapita last year for just £2, has struggled from the downturn in consumer spending.
Two weeks ago, OpCapita said it was examining a number of potential bids for 240-strong chain.
But there are reports Comet will appoint an administrator imminently.http://www.bbc.co.uk/news/business-20164228
Comet was once part of the Kingfisher Group, which has managed so far to avoid the fate of other retailers and has actually been a case of steady as she goes with a solid performance over the last 5 years. They clearly saw that the writing was probably on the wall some time ago for Comet, competing in a crowded market place with the likes of Dixons, Currys, PC World, etc. Dixons share price this morning is up around 13% at time of writing, partly due to a last man standing in the High Street approach that suggests that once Comet has gone it will pick up some market share. Same could be said for Home Retail Group.
