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back to article Kesa shells out £50m to offload Comet

Kesa Electricals has coughed £50m to exit its loss-making UK retail arm Comet, with private equity firms Hailey Holdings and Hailey Acquisitions taking on the 248-strong chain. Under the terms of the deal, which is subject to shareholder approval, the buyers – who were advised by private equity house OpCapita – will pay a …

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  1. Mike Brown

    wait. what? so they "sold" comet for £2 and minus £50m? why didnt they come to me? i would only have asked for 25m!!

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  2. Danwold
    FAIL

    What no Halley's Comet gag?

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  3. Mark 78

    But how much did they have to pay for the extended warantee?

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  4. Valerion

    So that makes £2 plus £50m for the extended warranty?

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  5. Anomalous Cowturd
    Stop

    That's them fucked then...

    Prepare for some creative accounting, then closure...

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  6. Anonymous John

    will pay a nominal fee of £2

    Generous. Twice its real value.

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  7. craigj
    Joke

    So I guess now its...

    hailey's comet

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  8. Anonymous Coward
    Anonymous Coward

    It's not funny, yeah?

    Where will we find jobs for the staff, yeah? I mean some of the sales staff are approaching twenty, yeah? What choices will they have, yeah? I mean, some of them have six month's experience, yeah, and are Senior Sales Representatives, yeah?

    You want Mack-a-fee with that, yeah? Oh, hang on, yeah?

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