Countrywide collapse puts 735 jobs at risk

12 March 2018 - Janet Bird

countrywide store

Countrywide has become the latest UK household name retailer to fall into administration.

The retailer, which has 48 stores across the country, announced on March 9 that it had called in the administrators and said the company faced "a very uncertain future".

While no initial redundancies have been made, the retailers' collapse has put 735 jobs at risk.

Administrators KPMG have been appointed by Countrywide and, according to a statement on the retailers' website, a purchaser is being sought for the business "in whole or part".

Hilco Capital has been brought in to assist in the running of Countrywide's stores while the hunt for a buyer takes place.

The company had hoped to sell its retail arm to farming supplies and equipment retailer Mole Valley, but a Competition Markets Authority (CMA) investigation meant this transaction could not proceed.

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