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Chair of collapsed retailer ‘devastated’ about letting down workers as taxpayer on the hook for over £40mn
Former CEO and chair of discount chain and EY representatives will face questions
Discount chain is being wound down after no rescue deal was found
Hopes of rescuing jobs and stores at collapsed discounter unravelled during at times ill-tempered administration
Discounter has agreed to take on leases with plans to convert them to its own brand
Total of 12,500 jobs at risk as chain disappears from high street after almost a century
Rival discounter B&M to acquire 51 stores but a similar number will close next week
Private equity firm M2 Capital had not provided administrators with proof of funding by a Thursday morning deadline
Private equity firm questions fairness of offer process as discount chain’s future remains undecided
PwC continues to seek buyer for UK discount retailer after its collapse earlier this month
Discount chain collapsed after almost a century in the face of competition, supply chain problems and inflation
Failure of rescue talks with prospective suitors puts around 12,500 jobs at risk
Chain prepares to appoint administrator within days if it fails to find a buyer or investor
UK employer of 16,000 had warned it could run out of cash by end of 2023
Mark Jackson to join retail chain as it looks to safeguard its future with new credit facilities
Value chain plans for ‘plausible’ scenario as inflation and spending squeeze bite
Retailer apologises after policy criticised as ‘reckless’ at time cases and hospital admissions are climbing
UK retailer blames rising wage and import costs after Brexit vote
Several chains could be hit by drop in footfall if retailer goes under
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