Rent to own giant BrightHouse has entered administration - in a move that could cost more than 2,400 workers their jobs. It fell into administration on the same day as restaurant chain Carluccio's - which said the coronavirus lockdown resulted in in simply being unable to pay its bills while branches were closed.
BrightHouse, which provides loans to consumers to purchase electrical items, trades from 240 stores across the UK and has roughly 200,000 customers.
Grant Thornton will keep running the business, and collecting money from customers following the administration. Customers will also still get their appliances looked after by the company, until their contracts run out, at which point the business will wind up.
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