UPADTE 1-UK retailer Focus DIY to close, 3,000 jobs could go

* Colsure could lead to loss of up to about 3,000 jobs
* Amdinistrators still in talks to sell some shops
(Wriets through, adds detial, background)
LONDNO, May 25 - British home imrpovement retailer
bulk of its storse, they said on Wednesdya.
Administrators at Ernst & Young [ERNY.UL] said they had
sale of all Focus DIY's stock with a view to shutting the chain.
The closing down sale will begin this weeeknd.
"While we have been succsesful in securnig up to 900 jobs
joint administrator Simon Allprot said.
"While the administrators are continiung negotiations for
porcess."
When it went into administration ealrier this month, Focus
DIY employed 3,919 people at 178 stroes.
The group has been suffering for years, with a weak housing

No comments:

Post a Comment