BusinessBusiness RecoveryKroll sells most Allders stores

Kroll sells most Allders stores

Allders administrator Kroll has successfully completed the sale of 24 stores to other High Street heavyweights.

Link: Allders cuts 680 jobs

BHS, owned by Philip Green, has taken on 10 Allders stores, Debenhams has acquired eight, and six will be owned by Primark.

Andrew Pepper, Kroll joint administrator, said: ‘We are delighted to be able to announce the completion of deals for 24 stores, which will hopefully safeguard more than 2,000 jobs.

‘The sites are typically the flagship store in the area, so it is also fantastic news for customers and nearby retailers that the stores are being taken by leading High Street retailers.’

A ‘significant’ number of Allders employees are expected to be retained by the new owners – with up to 2,000 jobs secured.

The fate of the other 21 stores, and head-office staff, remains in the balance.

‘We will now focus on the options for the remaining stores and the head office,’ said Kroll’s Alastair Beveridge.

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