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Sale or administration planned for UK retail chain

Kesa considers Comet sale

Kesa is rumoured to be considering a sale of the Comet retail chain, and delisting its shares from the London Stock Exchange.

According to Retail Week, if a sale cannot be agreed, Kesa’s board would propose a loan restructuring that would involve Comet going into administration and a number of store closures.

The sale or administration of the UK retail chain would allow Kesa to concentrate on its French Darty business, which remains profitable.

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