Re: Changes on the High Street
Quote:
Quote from The Sun:
Homeware retailer Oak Furnitureland has revealed plans to shut 27 shops, putting 163 jobs at risk.
The furniture chain is the latest business to announce store closures and job cuts in the wake of the coronavirus crisis, following in the footsteps of Boots, John Lewis and Pret a Manger.
It comes just a month after Oak Furnitureland was rescued from collapse in a pre-pack administration deal.
Oak Furnitureland was bought by hedge fund Davidson Kempner Capital Management for an undisclosed figure.
At the time, it was confirmed a review of its store structure would take place.
Oak Furnitureland confirmed the first phase of this today, and said the Covid-19 pandemic sparked “uniquely challenging” business conditions for its stores.
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Not a massive job loss compared to some but more holes in the highstreet.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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