Fears for future of Maplin jobs in Dundalk as company enters administration
There are fears for the future of jobs in the local Maplin store at Dundalk Retail Park after its parent company collapsed into administration after talks with buys failed to secure a sale.
The electronics giant, which has more than 200 stores and employs 2,300 across the UK and Ireland will continue to trade throughout the process.
The British computer and electrical retailer group, owned by private equity firm Rutland Partners, called in PwC on Wednesday after attempts to rescue the chain failed.
Maplin currently has six stores in the Republic of Ireland – in Dundalk, Dublin city, Blanchardstown, Cork, Galway and Limerick – which employ 82 people.
The business faced the slump in the pound after the Brexit vote, weak consumer confidence and a withdrawal of credit insurance.
These factors made it “impossible” to raise capital, boss Graham Harris said.
“We believe passionately that Maplin has a place on the High Street and that our trust, credibility and expertise meets a customer need that is not supported elsewhere,” Mr Harris said.
Maplin will now work with administrators PwC “to achieve the best possible outcome for all of our colleagues and stakeholders”, Mr Harris added.
PwC said it would “explore all opportunities to find a new owner”.
Stores will open as normal during this time, and there are no plans to close shops or make redundancies at the moment, PwC said.
Any outstanding customer orders will be delivered, while gift cards will continue to be accepted in stores for the present, it added.