Cable calls for Comet inquiry

The Business Department confirmed that Vince Cable has called an investigation into Comet in a bid to find out why the firm ended up going out of business and the circumstances around the purchase of the company by a private equity firm last year.

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Comet's website announces closures

Comet's last remaining stores will trade for the final time today as the high street spending slump claims another high-profile casualty.

Closing down: Comet's website Credit: Comet's

The closure of the final group of 49 stores from the former 235-strong estate comes seven weeks after Deloitte was appointed administrator.

The collapse of the firm, which employed around 6,895 people at the time of its collapse, is one of the biggest high street failures since the demise of Woolworths in 2008.

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