Jobs in jeopardy as Comet set to crash
The future of an electrical store is in doubt as its owner stands on the brink of collapse.
It was announced today Comet was to go into administration on November 5 after it hit major financial problems.
The electrical goods chain employs 7,000 staff and has 243 stores, including one in St George's Retail Park, Leicester. It is believed this outlet employs at least 10 people.
A statement from Comet said: "Comet Group Limited can confirm that it has today taken steps to seek the protection of the Court with a view
to the company entering into administration during week commencing November 5, 2012. In the meantime, the board is urgently working with its advisers to seek a solution to secure a viable future for the company."
Customers with outstanding orders and those with gift cards and vouchers are being told it is "business as usual until further notice" and that the group intends to fulfil deliveries of products that have been paid for.