Administration threat puts Allders jobs in doubt

Staff at Allders face an uncertain future amid reports that its creditors are on the brink of appointing administrators for the department store group.

While there are a number of potential buyers for all or part of the company, which has 7,000 staff in 45 stores, administration seems increasingly likely to be the next step.

Concerns about continuing trading problems, with like-for-like sales down 2 per cent over Christmas, and the retailer’s pension liabilities have caused the bid process to stall.

The prospect of administration at Allders also raises concerns for the 2,500 members of its pension scheme.

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