Comet electrical stores sold by Kesa for £2
Anglo-French electrical goods retailer Kesa announces plans to sell off its troubled UK-based Comet stores for £2 to a private equity firm.
The buyer is a group of companies under the name "Hailey" advised by retailer turnaround specialists OpCapita.
Kesa said it will itself invest £50m into the new holding company, and will retain liability for the Comet employees' final salary pension scheme.
Emma Simpson reports.
09 Nov 2011
- From the section Business