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!!

  2. Danwold
    FAIL

    What no Halley's Comet gag?

  3. Mark 78

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

  4. Valerion

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

  5. Anomalous Cowturd
    Stop

    That's them fucked then...

    Prepare for some creative accounting, then closure...

  6. Anonymous John

    will pay a nominal fee of £2

    Generous. Twice its real value.

  7. craigj
    Joke

    So I guess now its...

    hailey's comet

  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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