February 28, 2018 / 10:49 AM / 4 months ago

Electrical retailer Maplin goes into administration

LONDON (Reuters) - British electrical retailer Maplin entered administration on Wednesday after failing to find a buyer for the business, its CEO said in a statement, becoming another victim of tough conditions on the UK high street.

A general view of a Maplin store in Stockport, Britain February 28, 2018. REUTERS/Andrew Yates

Maplin operates over 200 stores in Britain and Ireland, and became the second high street chain to collapse on Wednesday after Toys R Us also entered administration.

Reporting by Alistair Smout; editing by Kate Holton

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