1200 jobs at risk as Office Outlet falls into administration

ELIAS JAHSHAN | March 19, 2019

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The future of 1200 jobs at Office Outlet has been plunged into uncertainty as the retailer fell into administration. Partners at Deloitte were appointed joint administrators yesterday.All 90 of Office Outlet’s stores will continue trading while the business is marketed to potential new owners.Office Outlet CVA approved including 3-year free rent on 20 stores “In addition to a general downturn in trading as a result of the ongoing decline in the stationery market and UK retail in general, the company has recently experienced a reduction in credit from key suppliers, given the economic outlook which has severely impacted the financial position of the company,” joint administrator Richard Haws said.

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