Comet set to go into administration

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ELECTRICAL chain Comet has announced it is to go into administration next week with more than 6,000 jobs at risk.

It is not known how the Banbury store in Lockheed Close will be affected, but a statement from the company said: “Comet Group Limited can confirm that it has taken steps to seek the protection of the Court with a view to the Company entering into Administration during week commencing 5th November 2012.

“In the meantime, the Board is urgently working with its advisers to seek a solution to secure a viable future for the Company.”

 

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