In a strange story that I read today, the Comet group- one of Britains largest electrical goods companies has been sold for the princely sum of 2 pounds by its owners Kesa Electrical. The purchasers are a consortium of retail companies who operate under advisement of OpCapita- an expert in the field of saving struggling companies. Comet had recorded huge losses of over 22 million pounds in the first 6 months of the year. The news bears similarity to Bill Cullen who bought the Renault Franchise group in Ireland in 1986 for a pound. Lets hope Comet's new owners have the same success as Bill Cullen and save the 10,000 employees.
Sources www.theretailbulletin.com
up to date views and analysis on the business world- primarily focusing on retail industry
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