Comet administration: Deloitte steps in

Electrical retailer Comet has confirmed it will be put into administration next week. 

Around 6,500 jobs are at risk in the 240-store business, which has appointed Deloitte as its administrator. 

Deloitte partner and head of UK restructuring services Neville Kahn will lead the administration. He also acted as joint administrator on Woolworths in 2010.

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