BusinessCompany NewsRosebys to make redundancies

Rosebys to make redundancies

KPMG has announced that it will have to make redundancies as well as close more outlets

The Yorkshire textiles retailer which announced last month that it was going
into administration has confirmed that there will be redundancies.

Rosebys, which has 280 stores and employs 2,000 staff, had initially said
there were no planned job losses, and had managed to sell the brand name to its
Indian parent company GHCL.

KPMG, the administrators to the company, has today announced however that it
is to close a further 31 chain outlets and make 186 redundancies.

Howard Smith, Joint Administrator and KPMG Restructuring Associate Partner,
said: ‘It is with regret that we have had to close both the distribution centre
in Selby and 31 more stores across the country. We anticipate further store
closures next week, while we continue to have dialogue with a number of parties
who are interested in either the whole or parts of the business.’

Among the outlets to close include, Hammersmith, Walthamstow, Liverpool and
Edinburgh.

Further reading:

Rosebys
appoint adminstrators from Leeds

Administrators
sell Rosebys brand to parent company

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