Comet staff urge ministers to investigate collapse

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Friday, November 16, 2012
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Nottingham Post

STAFF at stricken electricals chain Comet are calling for ministers to investigate its collapse and its former private equity owners OpCapita.

Angry workers have launched an online petition urging Parliament to look into the way OpCapita ran Comet, which collapsed into administration earlier this month.

More than 1,100 people have already signed the e-petition, which wants OpCapita and its boss Henry Jackson to be questioned over money invested in the firm.

Comet's administration came just months after it was taken over by the firm, which bought it for a nominal £2 in February.

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OpCapita said it invested £35 million in Comet, while it also received £50 million from former Comet parent Kesa – now know as Darty.

According to OpCapita, the cash was used to keep the business going and the buyout group had planned to revive sales by boosting online business and returning Comet to its roots of value for money deals.

But staff want to know how this money was invested.

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