Quantcast
Channel: Croydon Advertiser Latest Stories Feed
Viewing all articles
Browse latest Browse all 5354

No buyer yet for troubled Croydon Village Outlet

0
0
NO BUYER has yet been announced for the troubled Croydon Village Outlet. The North End department store went into administration over two weeks ago, after making a loss of more than £1 million and racking up debts. The store is trading as normal while administrators for parent company metro outlet Croydon Limited seek a buyer. Co-administrator Andrew Andronikou told the Advertiser two weeks ago a deal could be in place within days, but did not return requests for an update this week and last. Gavin Barwell, MP for Croydon Central, held a public meeting last Friday for people who work or have previously worked in the store. He said he had decided to call the meeting after receiving calls from staff for some time about late or unpaid wages. About 15 people attended the meeting, including a former staff member who said she had been made redundant and was waiting on wages owed, which have been promised to her to be paid in the coming days. Some current staff had questions over the future of the site and the administration process, saying they had not been kept well informed. Business owners trading separately inside the building's North End Mall said their trading had been made more difficult by CVO's alleged haphazard management of the building, including unpredictable opening times. Mr Barwell said he would seek a meeting with administrators for information about where things were heading. The building, which formerly housed Allders, is likely to be knocked down and redeveloped over the next three to four years as part of the Westfield/Hammerson redevelopment of the town centre. Mr Barwell said: "My view is that CVO was never going to be the long-term solution to what Croydon needs, but is very welcome as a short to medium-term thing, much better for the town than [it] sitting empty."

No buyer yet for troubled Croydon Village Outlet


Viewing all articles
Browse latest Browse all 5354

Latest Images

Trending Articles





Latest Images