News from British and Canadian Conservatives

Monday, January 21, 2008

Dolcis in administration

The Folkestone branch of Dolcis, inside Bay Trading, is facing an uncertain future, after the chain entered administration with KPMG. The move follows December's disappointing sales figures. At present, it is unclear what will happen to the staff and whether it is likely that the chain will be bought as a going concern or broken up. I'm not sure what impact it might have on Bay Trading either. I would hope that it will be business as usual, and that Dolcis will survive in some form or another. Failing that, hopefully Bay will find another shoe retailer to be their partner.

It is another sign of the storms brewing in the economy. Sadly, the government has little room for manoever, as the former Chancellor of the Exchequer, Prime Minister Gordon Brown, has already spent all the money, leaving Alistair Darling's cupboards bare.

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