Tuesday, December 2, 2008
Take that, Mark!
Bowie Castlebank, which owns the Klick Photopoint and Max Spielmann chains as well as the William Munro Cleaners group, has gone into administration, with the loss of 817 jobs. KPMG, the administrator, said that Bowie Castlebank's photoprocessing unit had become “significantly” loss-making because of the advance of digital photography, while the cleaning business had been hit by reduced use of clothing requiring dry cleaning. The family-owned Bowie Castlebank dates back to 1865. Mike Stevens, partner and head of business at KPMG, said there was “no doubt that the UK jobs market is now heading downhill at breakneck speed”.