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Job fears at MFI and Woolworths | Job fears at MFI and Woolworths |
(10 minutes later) | |
There is growing concern for the future of furniture retailer MFI which is to go into administration. | |
The company employs 30 people at three stores in Northern Ireland and another 30 to fit kitchens and bathrooms. | The company employs 30 people at three stores in Northern Ireland and another 30 to fit kitchens and bathrooms. |
It is understood staff have been asked to stop taking orders at its stores in Spucefield, Bangor and Newtownabbey. | It is understood staff have been asked to stop taking orders at its stores in Spucefield, Bangor and Newtownabbey. |
Meanwhile, the BBC has learned Woolworths has also appointed administrators. There are 19 stores in NI employing around 200 staff. | Meanwhile, the BBC has learned Woolworths has also appointed administrators. There are 19 stores in NI employing around 200 staff. |
MFI, which was taken over in a management buy-out in September, was unavailable for comment. | MFI, which was taken over in a management buy-out in September, was unavailable for comment. |
The company currently has 110 stores across the UK and a workforce of more than 1,000 people. | The company currently has 110 stores across the UK and a workforce of more than 1,000 people. |
Led by chief executive Gary Favell, a management buy-out in September took on 110 MFI stores, while 81 loss-making outlets were placed in administration. | Led by chief executive Gary Favell, a management buy-out in September took on 110 MFI stores, while 81 loss-making outlets were placed in administration. |
The MFI outlet in Newry, County Down, closed at that time. | The MFI outlet in Newry, County Down, closed at that time. |
MFI has seen sales fall in recent years as it has faced increased competition from newer rivals such as Ikea. | MFI has seen sales fall in recent years as it has faced increased competition from newer rivals such as Ikea. |
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