Escom stores shut down

Escom UK stores closed yesterday for the last time after the collapsed PC retail giant's appointed receivers failed to find a serious buyer for the business as a whole.

In a press release issued today, chartered accountant Deloitte & Touche said that companies that had looked at the possibility of an acquisition had only wanted to operate a few stores or buy up stock.

Receiver Nick Dargan said: "It is disappointing that the business as a whole cannot be sold but, given the oversupply in the retail market and rapidly declining margins in the sector, it was always a possibility."

Deloitte & Touche is continuing to seek a buyer for leaseholds and stock.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All