Feeds

GUS sniffs around PowerHouse

Currys issues 'open invitation' to PH staff

  • alert
  • submit to reddit

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. ®

Related Story

PowerHouse axes 813 jobs

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.