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Countrywide secures 169 jobs with further store sales - but cuts 208

A further six stores have been sold to various farming and agricultural store operators across the UK but 11 will close on May 20.


Lauren   Dean

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Lauren   Dean
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Countrywide secures 169 jobs with further store sales - but cuts 208

Countrywide has confirmed the safeguarding of 169 jobs following the sale of a further six of its stores.

 

While the 14 stores – including the eight sold to agricultural supplies Wynnstay last month – have managed to retain staff through owner transfer, the farming and equestrian retailer this morning (May 17) confirmed a total of 208 people have been made redundant.

 

The cuts hit the company’s headquarters in Evesham, the Defford logistics centre and stores which have closed.

 

David Pike, partner at KPMG and joint administer, said the retailer was hopeful to achieve a further four sales from the remaining leasehold stores but confirmed the other 11 will be closing with a final trading day of May 20 2018.


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“Following our appointment as joint administrators for Countrywide Farmers, we are pleased that we have been able to safeguard the future of 14 stores, and moreover the jobs of 169 staff,” Mr Pike said.

 

“Regrettably however, as with the majority of administrations, redundancies are unavoidable and a total of 208 people have been made redundant at the company’s headquarters in Evesham, the Defford logistics centre and stores that have closed.

 

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“With no prospect of going concern sales for 11 of the 15 remaining stores, these will be closing with a final trading date of May 20 2018.

 

“All affected staff have been informed and will be paid up to and including their last day of employment.

 

“We would like to thank every employee for the support and professionalism they have provided to the company, both before and during the administration.”

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