400 employees across 36 stores in the UK face an uncertain future after the New Zealand-based company said it no longer made sense to maintain its loss-making British business. It is the latest in a string of retailers to run into trouble as consumers reign in spending. The company will continue trading online and in non-UK businesses in Ireland and internationally, administrators said in a statement. Only its UK stores are affected. Pumpkin Patch has already closed five UK stores with 60 workers being made redundant in Cambridge, Cheshire Oakes, Leeds, Swindon and Uxbridge. The company's administrator, Deloitte, said it would continue trading most UK stores as it explored options.
0 comments:
Post a Comment