Administrators reported to be called into Powerhouse

The
UK’s third-largest electrical retailer Powerhouse has been put into
administrative receivership, and up to 800 staff are to be made redundant.

According
to the BBC, Deloitte & Touche have been appointed administrative receivers
at the retailer.

The
firm has 223 stores in Britain and employs 8,000 people.

By Quentin Reade

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