Update 6th May:
Owner of online home and garden products retailer The Range, Chris Dawson, has expressed an interest in purchasing the threatened Focus DIY business, it has emerged today
Retail Gazette have just carried the following announcement :
Almost 4,000 retail jobs are at risk following the home and DIY specialist Focus DIY’s announcement today that it is “filing a notice of intention to appoint administrators”.
Directors at the retailer, which is majority owned by Cerberus Capital and has around 170 stores, have sought consent from its lenders to appoint Ernst & Young (E&Y) as administrators. All stakeholders including staff have been informed of the plans.
E&Y is currently not commenting on the process and cannot confirm whether it will be representing Focus DIY in any administration negotiations.
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