Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

AP News

UK electrical chain Comet goes into administration

LONDON (AP) — Struggling British electrical goods retailer Comet says it is seeking bankruptcy protection, putting 6,500 jobs at the chain at risk.

Comet, which has 240 stores across Britain, announced Thursday that it would go into administration, a form of bankruptcy protection, next week.

Restructuring specialist Deloitte will be brought in to handle the administration and will try to find buyers for Comet's stores.

Founded in 1933, Comet has been hit hard by Britain's recession and the rise of online retailing.

The chain was bought earlier this year by investment firm OpCapita for a token 2 pounds ($3.20), but has been unable to secure the trade credit insurance needed to safeguard suppliers.

blog comments powered by Disqus