Maplin collapses as rescue talks fail @maplintweet #makerbusiness

Maplin collapses as rescue talks fail – BBC News.

One of the UK’s biggest electronics retailers has collapsed into administration after talks with buyers failed to secure a sale.
Maplin, which has more than 200 stores and 2,300 staff, will continue to trade through the process.
The business faced the slump in the pound after the Brexit vote, weak consumer confidence and a withdrawal of credit insurance.
These factors made it “impossible” to raise capital, boss Graham Harris said.

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