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Comet Already on the Block?

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Back in November 2011 OpCapita bought Comet for "an aggregate consideration of £2." Now the Financial Times reports the turnaround specialist already considers a sale of the UK CE chain.

Comet"People familiar with the situation" say OpCapita recently received unsolicited approaches to buy Comet from UK and overseas retailers. No official OpCapita statement is yet available.

OpCapita not only acquired Comet for less than your morning cappuccino, but also received a dowry from former owners Kesa worth a tidy £50 million. Kesa also kept the liability of paying out the Comet Benefit Pension Scheme.

Comet stores in the UK total 240 (after the sale of 60 outlets), and OpCapita slashed staff numbers from 8500 to 7000.

Go OpCapita Considers Sale of Comet (FT.com)