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Tuesday, 2 August 2011

Four TJ Hughes stores sold - Saving 442 jobs

Following on from our earlier blog about TJ Hughes falling into administration in June we can report that 4 stores have been sold to Lewis's Home Retail safeguarding 442 jobs.  The store in Liverpool ( the company's traditional home) is one that has been saved.  Other stores are Eastbourne, Glasgow and Sheffield.

Administrators at Ernst and Young said it was still looking to sell the remaining business and assets, which includes 53 remaining stores.

GA Europe has bought TJ Hughes's £10m debt and is holding clearance sales at the shops acround the country.

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