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GUS sniffs around PowerHouse

Currys issues 'open invitation' to PH staff

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GUS, parent of retailers such as Argos and Homebase, is reportedly sniffing around what's left of PowerHouse after the electrical retailer went tits up last week.

The Sunday Telegraph this past weekend reported that GUS has been in talk with receivers Deloitte & Touche to acquire some or all of the 130 stores across the country.

If successful, GUS could either rebrand the PowerHouse stores under Argos' colours or opt for a standalone outfit, reported the paper.

Electrical retailers Dixons and Comet are also reported to have taken an interest in buying up parts of PowerHouse.

PowerHouse - the UK 's largest independent electrical retailer - called in the receivers last week with the immediate closure of 93 stores and the loss of 813 jobs.

Receivers Deloitte & Touche said they were "carrying out a rapid assessment of the company’s operations" with a view to selling the business as a going concern.

Separately, Currys - parts of the Dixons Group - has issued an "open invitation" to poach some of the PowerHouse staff who might be facing the chop.

Currys plans to hire some 500 permanent staff immediately and a further 800 temporary workers for the busy Christmas period. ®

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