Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale In Non-Specialised Stores
47.19 - Other retail sale in non-specialised stores

1,062 - 4,000 jobs
Number of planned job losses
Job loss
Announcement Date
4 August 2011
Employment effect (start)
10 August 2011
Foreseen end date

Description

Liverpool-based retailer TJ Hughes has gone into administration putting up to 4,000 jobs at risk.  Accountancy firm Ernst and Young has announced that at least 21 of its 57 stores will close across the UK. The firm blames poor trading conditions and a lack of credit confidence. There have been 1,068 job losses to date, but it is anticipated that more will follow.


Sources

  • 4 August 2011: BBC Website

Citation

Eurofound (2011), TJ Hughes, Bankruptcy in United Kingdom, factsheet number 72272, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72272.