Hemel jobs at risk after Bathstore goes into administration

Retail giant Bathstore has collapsed into administration after failing to find a buyer, putting more than 500 jobs at risk across the country.
Bathstore in Riverside, HemelBathstore in Riverside, Hemel
Bathstore in Riverside, Hemel

The company, which has an outlet in Riverside, Hemel Hempstead, will continue to trade while administrators at BDO seek a buyer.

Bathstore has 132 stores and 529 staff. Most employees – 405 people – are shop workers, while 124 are in the head office in Welwyn Garden City, Hertfordshire.

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Ryan Grant, the joint administrator, said: “Despite significant investment into the business over the past five years, Bathstore has struggled to overcome the well-documented challenges facing the UK retail sector.

Bathstore in Riverside, HemelBathstore in Riverside, Hemel
Bathstore in Riverside, Hemel

“The appointment was made after several months of difficult trading and the failure of ongoing talks to find a buyer for the business. Bathstore is continuing to trade in administration while the administrators seek a buyer.”

More to follow.