News Maplin could be saved by Buy It Direct

Discussion in 'Retail' started by Cody, Jun 7, 2018.

  1. Cody


    Feb 17, 2016

    Just weeks after going bust, the retail store, Maplin, expected to close all 200+ stores come end up seeing a comeback after Buy It Direct has put in an offer to acquire the entire Maplin brand.

    If Buy It Direct, who also own, and, are accepted then we could see Maplin turn into an online-only business with around 30 employees to run it. Maplin's 200 + stores would still be shut down by July, with their 2,300 staff losing their jobs. Its physical assets will also be sold off to recover their £217 million debt.
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