The administrators of insolvent UK grocery operator Haldanes Stores today (30 June) announced the closure of its three remaining stores.
Joint administrators Brendan Guilfoyle and Chris White of The P&A Partnership said that all 26 stores in Scotland and England have now ceased trading and all employees of the remaining three stores in Tattershall, Wigton and Crieff have been made redundant.
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Brendan Guilfoyle said: “This is an incredibly difficult time for retailers and particularly bad week for the high street with big players Thorntons, Jane Norman, Habitat and TJ Hughes announcing major closures. Official figures showed retail sales fell by 1.4% in value and volume last month, with analysts blaming a squeeze on take-home pay and job uncertainty for the decline.”
Guilfoyle said the group has set up a website to help those made redundant at www.insolvency4employees.co.uk to advise former Haldanes staff on entitlements, as well as working with unions to keep them updated on what support is available.
Haldanes Stores entered administration on 22 June. The company’s CEO blamed The Co-operative Group for its financial problems, attributing its issues to the larger rival’s apparent unwillingness to renegotiate contracts on the stores, which Haldanes acquired in 2009.
Haldane Retail Group, UGO Stores, Haldanes Express Limited and Bakery Products Limited are unaffected by the administration and are trading as usual.
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By GlobalData
