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Wednesday, 25 May 2011

Focus DIY Stores to Close as Liquidators Expected To Be Appointed

Focus Update

The administrators at Ernst & Young have said that they have been unable to find a buyer for the remainder of the business having sold off some stores to Wickes and B&Q.  As such, they are expected to appoint specialist liquidators, Gordon Brothers, to sell the stock and then close the stores.  The stores are expected to be kept open for one month.

The resulting closure will mean about 3000 jobs are lost.

Focus DIY suffered from intense competition from Wickes and B&Q and was unable to keep going in the face of reduced consumer spending.

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