Jobs under threat as Comet prepares for administration (From Haringey Independent)

Jobs under threat as Comet prepares for administration

9:27am Friday 2nd November 2012 in News By Bruce Thain

Retail jobs are under threat as electrical chain Comet prepares to go into administration.

Comet Group Limited, which has store in Tottenham Hale Retail Park, confirmed the plans are expected to take place as early as next week.

A statement from the company says: “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.”

Restructuring specialist Deloitte has been lined up to act as administrator for the 240-store business.