Retailer set to axe 800 workers - News in brief - Evening Standard
       

Retailer set to axe 800 workers

Britain's retail sector has been dealt a major blow as another high street company went into administration with the loss of more than 800 jobs.

Glasgow-based Bowie Castlebank Group is to 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 Nimmo, 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 jobs blow comes the week after famous high street names Woolworths and MFI both went into administration.

In a statement, KPMG said the group'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, the administrators said.

Despite the heavy job losses, KPMG said there were currently no plans to close any of the outlets.

Mr Nimmo said: "We are marketing the business in an attempt to secure a sale of some of the group's stores or operations as a going concern."

News in brief in Pictures

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity