Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Non-specialised retail sale
47.12 - Other non-specialised retail sale

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.