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800 UK jobs go as high-street group enters administration



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Published Date: 02 December 2008
MORE thank 800 jobs will be lost as high street group Bowie Castlebank moves into administration.
The Glasgow-based company will shed 817 jobs across its businesses, which include photo-processing chains Klick Photopoint and Max Spielman, and dry cleaner William Munro.

The company employed 1,664 people at 314 shops across the UK.

Blair Nimm
o, joint administrator and head of restructuring for KPMG in Scotland, said: "It is with regret that we have had to make substantial redundancies across Bowie Castlebank's operations and we are currently working with government agencies to ensure the employees' issues are dealt with as quickly as possible."

The latest job losses follows just days after high street names Woolworths and MFI both went into administration.

In a statement, KPMG said the Bowie Castlebank's photo-processing business had been hit by the advance of digital photography.

And the reduced number of clothes needing dry-cleaning had led to the contraction of the cleaning business, the administrators added.

The company's turnover last year was £59.5 million.

The firm explored several options to restructure or refinance but these were not successful.

Despite the heavy job losses, KPMG said there were currently no plans to close any of the outlets. Efforts were under way to find a buyer for some of operations as a going concern.

Bowie Castlebank Group consists of 197 branches of Klick and 117 of Max Spielman. Around 60 Klick stores also have a Munro cleaners within them.
Klick shops are located across the UK, while Max Spielman only has a presence in England and Munro only in Scotland.

KPMG advised customers who currently have photos with either Klick or Max Spielman to be developed or have clothes at Munro's for cleaning to pick them up as quickly as possible.




The full article contains 306 words and appears in n/a newspaper.
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  • Last Updated: 02 December 2008 3:41 PM
  • Source: n/a
  • Location: Yorkshire
 
 

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