[arista]

Not enough Cash Customers
in these Hard times.


[Household goods retailer with about
400 stores files notice of intention as it tries to secure finances]


[The household and garden products retailer,
which has about 400 stores,
said in a notice of intention filed at the
high court on Thursday that it had appointed
the advisory firm PricewaterhouseCoopers
in recent months to try to find a buyer in an
attempt to secure additional cash needed
to keep trading.

The cut-price retailer has struggled in the
tough economic climate and last year
borrowed £40m from the
restructuring specialist Hilco.
It also cut jobs and rejigged its leadership
team as it faced a cash squeeze after
falling to a loss, and needed to find
new funds by the end of this month.]


https://www.theguardian.com/business...ing-12000-jobs