Over 700 jobs saved as B&Q and Pamela Scott exit examinership
THERE was some good news on the retail front today as both B&Q and Pamela Scott exited examinership saving hundreds of jobs.
In B&Q’s case, the High Court has approved an investment plan in the home improvement group B&Q saving 640 jobs.
Under the scheme, B&Q’s parent is to invest more than €2.4m.
However, the company’s Waterford’s store closed during the procedure with the loss of 47 jobs.
Women’s clothing group Pamela Scott has also exited examinership saving 137 jobs and 12 stores.
Parent firm Flairline Fashion said it had also successfully negotiated a 40pc reduction in overheads with its landlords.