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Comet owner stands to make millions from liquidation

Matt Grainger
Comet owner stands to make millions from liquidation

The US financier who bought Comet for just £2 is set to make millions from its liquidation.

According to an angry article in the Daily Mail, because Henry Jackson and his company OpCapita are secured investors, he is entitled to a significant proportion of the liquidation sales.

Around 6,600 Comet staff are facing redundancy.

“This will really stick in the craw of Comet's 6,600 staff and it should also anger taxpayers, who could end up footing the bill for any unpaid wages and redundancy pay,” said John Gorle of the Union of Shop, Distributive and Allied Workers.

The Labour MP, Alan Johnson added: “Comet's employees seem to be the unfortunate victims of a short-term investment strategy which is not untypical of this kind of private equity company.”

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Tags: Comet, retailers, liquidation, henry jackson

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