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Dave Beans

"comet" To Make A Come Back

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...to be known as "Meridian Comet"...

http://www.independent.co.uk/news/business/news/comet-set-to-rise-again-as-new-chain-of-electrical-stores-8770745.html

A chain of electrical stores under the Comet name is to be launched in a bid to fill the gap in the market left by the now-defunct retailer.

Despite not having bought the Comet brand from administrator Deloitte, property tycoon Clive Coombes — who has taken legal advice about using the name — intends to open the first Meridian Comet store in the next two months in the South-West.

He has already formed ties with brands including Apple, Canon and Sony to replicate the former chain’s range, according to trade paper Retail Week.

The entrepreneur tried unsuccessfully to buy Comet after it collapsed into administration last November following dire trading and a cashflow crisis. He plans to build Meridian Comet through private investment before floating it on Aim, targeting 80 shops in two years.

Separately, former JJB Sports chief executive Tom Knight is launching Sports Pro, and hopes to grow the fledgling sports store retailer to 14 shops by December.

Prob end up selling the same way as the old Comet & DSGi (ie. extended warranties, etc) as there's no profit in the actual goods...

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...to be known as "Meridian Comet"...

http://www.independe...es-8770745.html

Prob end up selling the same way as the old Comet & DSGi (ie. extended warranties, etc) as there's no profit in the actual goods...

zero hour contracts + kickbacks from internet resellers where buyers can sample and examine the goods? Probably negotiated good rents too.

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property tycoon Clive Coombes ....

(snip)

The entrepreneur tried unsuccessfully to buy Comet after it collapsed into administration last November following dire trading and a cashflow crisis. He plans to build Meridian Comet through private investment before floating it on Aim, targeting 80 shops in two years.

Pass the parcel.

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comets always return...then disappear again for many years.

i do one refuse to shop anywhere that's gone into administration and come back. to do so only condones what they did.

only thing is...im running out of places to stop! :lol:

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