The Preston, Sheffield and Warrington stores have permanently closed. Administrators at business advisory firm FRP said they were working with the pensions regulator and redundancy payments service to support the former JTF employees who were made redundant, and a specialist team was helping process claims.
Is JTF Warehouse closing down?
A planning statement with the application reads: “Unfortunately, the result of a drastic downturn in trade, compounded by the direct effects of Covid, led to the nationwide closure of the JTF chain of stores with the Hucknall branch closing its doors to the public in July 2021.
Are JTF still trading?
JTF Mega Discount Warehouse has shrunk to just two stores, following the closure of six during the past three months. It’s the second time in under a year the chain has been hit by a wave of closures. It fell into administration last summer after all 14 of its stores shut, leading to about 500 redundancies.
Has JTF been sold?
Poundstretcher’s owners have bought JTF Mega Discount Warehouse from administrators. The stores have been acquired by Bargain Buys, a subsidiary of Poundstretcher, which launched a CVA rescue plan last year.
What has happened to JTF catcliffe?
This year, the Nottinghamshire-based, forty-year-old retail chain had been looking for a buyer and issued a notice of intention to appoint an administrator. Instead it collapsed at the end of July, resulting in the closure of all stores, including the one at Catcliffe, and the loss of around 500 jobs.
Is JTF going into administration?
Nottinghamshire-baseed discount retailer JTF has been bought out of administration, saving 230 jobs. Poundstretcher boss Aziz Tayub has bought the stricken chain and has revealed plans to expand the JTF brand by opening 15 new branches.
Has JTF Walsall closed down?
A home and garden store that opened at a cost of £1.5 million in the Black Country has closed its doors after five years.
Why is JTF Leeds closed?
Bargain store JTF Mega Discount Warehouse in Leeds is ‘permanently closed’ after the company which owns it collapsed. The company has entered into an insolvency procedure called a corporate voluntary arrangement, according to Companies House.
Is JTF owned by Poundstretcher?
Poundstretcher is closing its eight JTF Mega Discount Warehouse stores which it reopened after buying the brand out of administration last year. The discount chain had reopened a handful of stores and wanted to open another 15 following the acquisition.
Is JTF part of Poundstretcher?
Poundstretcher has begun converting stores to JTF, after rescuing the collapsed discount chain from administrators in September. A Poundstretcher and Pet Hut in Margate, one of the variety discounter’s larger stores, is among the first to be rebranded.
Is Poundstretcher in administration?
Poundstretcher experienced a loss-making period at least a year before the coronavirus pandemic hit, making the issues worse. It is in the directors’ intention to put the retailer into administration before the decision is made on the CVA.
Are Poundstretcher stores closing down?
But the discount store confirmed today (Tuesday, March 8) that the stores are not closing down, but instead had a half price sale ahead of new stock and new lines being introduced into stores. A spokesperson for Poundstretcher said: “We can confirm they [The Fort and Kings Heath stores] are not closing down.
Is JTF Hucknall open?
A planning document submitted to the council states: “Unfortunately, as a result of a drastic downturn in trade, compounded by the direct effects of Covid, has led to the nation-wide closure of the JTF chain of stores with the Hucknall branch closing their doors to the public in July 2021.
What do JTF sell?
Here some things that we have left! Everything from branded household essentials, toys & games, pet care,… More drinks and health & beauty products to a wide range of garden and outdoor living, garden care, furniture and more!
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