Focus DIY has announced the start of closing down sales
26th May 2011 Closing-down sales will take place at all 178 Focus stores, this weekend. Up to 3,000 jobs at Focus DIY are set to be lost after administrators failed to find a buyer for the troubled home improvement chain. Focus collapsed into administration earlier this month after a period of slow sales and insufficient …
May 26, 2011
Focus DIY in Administration
DIY and garden products retailer, Focus went into administration on Wednesday 4th May. The move follows “notification of an event of default under the senior credit facility, and a realisation that there were no alternatives that could be explored any further”. Focus said its directors had sought consent from the firm’s lenders to appoint Ernst …
May 5, 2011
