Lewis’s Home Retail has today acquired two more TJ Hughes outlets after the retailer plunged into administration last month. On 1 August Lewis's Home Retail, a sister company of wholesale firm the Benross Group, based in Liverpool, acquired four TJs stores.
The company has now acquired the Widnes and Newcastle stores, with all employees in these stores transferred to Lewis's Home Retail.
Tom Jack, joint administrator at Ernst & Young, said: "We are delighted to have completed another deal, which protects further jobs across the North and brings the total number of jobs saved to 576."
The joint administrators continue to seek a sale of the company's remaining business and assets, while also trading stock through the group's remaining store portfolio.
Latest News
-
Frasers Group begins €2bn Hugo Boss takeover bid
-
Over 80 retail leaders urge government to tackle youth unemployment
-
Tesco rolls out robot cleaners across 600 Express stores
-
Amazon expands Northamptonshire footprint with £1bn logistics investment
-
Visa and Mastercard’s $38bn US swipe‑fee settlement wins preliminary court approval
-
AllSaints launches unified communications and skills tool for global workforce
From CapEx to AI: Understanding the evolving cost structure of retail technology
This Retail Systems webinar, sponsored by Aptos, brings together leading voices from across the retail technology ecosystem to examine how modern PoS has transformed the cost ownership model – and how the emergence of agentic commerce is poised to rewrite the rules once again.
Beyond Channels: Redefining retail with Unified Commerce
This Retail Systems fireside chat with Nikki Baird, Vice President, Strategy & Product at Aptos will explore how unified commerce strategies enable retailers to tear down these barriers and unlock new levels of operational agility and customer satisfaction.
© 2024 Perspective Publishing Privacy & Cookies
Recent Stories