Office Outlet has gone into administration today (Tuesday) putting 1,200 jobs at risk across the country, as well placing a question mark over the company’s relocation on the Isle of Wight.
The stationery retailer, which has around 90 stores throughout the United Kingdom, was formed when the offline Staples empire was snapped up by Hilco Capital in 2016. Back in September the management changed hands again with a Company Voluntary Arrangement put in place.
The bad news comes after closing down signs were placed into the windows of Office Outlet at the tail end of 2018. However, that is now all up in the air following today’s announcement.
Richard Haws, Joint administrator, has today said: