Wholesale and retail trade; repair of motor vehicles and motorcycles
47.5 - Retail sale of other household equipment in specialised stores
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
The UK arm of the 154-year-old Courts furniture chain is to be put into the hands of administrators after its banks called in loans.
The banks, which are owed £280m, are expected to appoint accountants KPMG to run the struggling British operation, presumably with a view to trying to sell it off or break it up before resorting to closure of its 89 UK stores and the possible loss of 1,400 jobs.