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Articles about Op Capita

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Comet brand yanked from its grave: Tycoon vows to open EIGHTY new stores

Electronics retail entrepreneur Clive Coombes is trying to revive the Comet brand name by launching 80 stores over the next two years - and is looking for foolhardy brave investors to support him. In his blog, written in the third person, Coombes, who tried but failed to buy Comet from administrator Deloitte, revealed he has …
Paul Kunert, 19 Aug 2013
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Comet sheds 450 jobs in biz survival struggle

Laid-up retailer Comet plans to axe 450 engineering and support workers, slashing costs and safeguarding "the long-term viability of the business", it said. The firm was finally sold a week ago to private equity house Op Capita for £2 with former parent Kesa Electricals also coughing £63m for a dowry, some £13m more than was …
Paul Kunert, 10 Feb 2012
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Cashless Comet to close 41 stores, axe 500 jobs

Collapsed electricals retailer Comet is to shutter 41 stores over the next fortnight, administrator Deloitte has confirmed. So far Dixons Retail and Maplin are among the rivals circling the fallen retailer, although it appears the two are interested in just a handful of stores. As a result the closing down process began at 27 …
Paul Kunert, 19 Nov 2012
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Comet administrator Deloitte triggers ejector seats under 330 staff

Comet administrator Deloitte has swung the axe for the first time since it was brought in to take control of operations with 330 support staff getting the chop. Biz advisory outfit Deloitte confirmed 99 staff at the Rickmansworth HQ, 53 from the operation in Hull and 42 in the call centre in Clevedon were told of their fate on …
Paul Kunert, 12 Nov 2012
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Hungry bidders pick up Comet's blood trail

Restructuring specialists and private equity investors are among the suitors bidding to acquire flagging UK retailer Comet. According to reports in The Sunday Times, US investment house Gordon Brothers and Op Capita, one-time owner of Habitat and MFI tabled offers last week as the first round of the divestment process began. …
Paul Kunert, 25 Jul 2011
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Best Buy shuttering 50 stores, laying off staff in $800m cost slash

Months after beating a retreat from the UK struggling retailer Best Buy is to shutter 50 stores in the US as part of a multi-year $800m (£500m) cost reduction programme. The experiment in Blighty which cost Best Buy and its joint venture partner Carphone Warehouse (CPW) £200m ended in January but the after effects were felt in …
Paul Kunert, 30 Mar 2012