Advertisement

  1. National

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.

View all 14 updates ›

The high street: A year of casualties

  • January: Clothing retailers Peacocks and Pumpkin Patch collapsed, placing 7,900 in jeopardy. Gift shop Past Times also appointed administrators, resulting in 507 redundancies. The collapse of La Senza triggered 1,300 redundancies and Barratts also called in administrators, cutting 680 jobs.
  • March: Game collapsed, triggering 2,104 job losses.
  • April: Aquascutum fell into administration but was sold in May, saving 100 jobs.
  • May: Clinton Cards fell into administration with 397 of its stores sold on.
  • June: Allders called in administrators Duff and Phelps.
  • July: Ethel Austin went into administration, risking around 500 jobs. Julian Graves called in administrators, risking more than 700 jobs.
  • October: Around 2,200 JJB Sports staff made redundant.
  • November: Comet calls in administrators.
  • December: Remaining Comet stores close down.

More top news