Home / News / Comet reports half-year loss
Kesa unable to turn chain around before sale to private equity house

Comet reports half-year loss

European electrical retailer Kesa has announced that Comet had a pre-tax loss of €9.2m (approx £8m) for the six month period to the end of October, which compares badly to a profit of €32.4m only a year earlier.

Struggling Comet is still on track to be sold to private equity house OpCapita for £2, as reported last month. Shareholders will be voting on the deal on December 15th.

But it’s not all doom and gloom for the retail chain – it recently joined up with eBay to make all of its products available directly to eBay shoppers via a new store on the auction site – and claims to be the first high street retailer to do so.

Check Also

RDS’ full HD resolution Super Fine TFTs with viewing enhancement features

RDS’ Super Fine TFT (SFT) Tianma Displays are available in a rage of sizes including …