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Derry store to remain open despite administration move

The letter which appeared in the window of Hoi Palloi announcing that the firm had gone into administration. (1501MM22)

The letter which appeared in the window of Hoi Palloi announcing that the firm had gone into administration. (1501MM22)

The Derry branch of Hoi Palloi Clothing will remain open, but seven other stores will close, administrators for the troubled firm have said.

The store, which opened recently in Foyleside Shopping Centre, is one of five in the chain which will remain open across England, Scotland and the North, while the other stores will close with the loss of around 100 jobs.

However, a sign was placed in the window of the Derry store at the weekend announcing that gift vouchers will not be honoured and that cheques are no longer accepted.

James Stephen from BDO LLP business restructuring partners, said; “Our only option, regrettably, has been to oversee a shutdown of seven stores.

“The Company will not be in a position to honour store vouchers.”

Sinn Féin Foyle MLA Maeve McLaughlin welcomed the news that the Derry store will remain open but added that it is a worrying time for many in the retail sector, “A lot of the time the decision to close a business or it going into administration is totally outside the control of any worker.

“ They are at the mercy of decisions taken elsewhere.

“It important that whatever happens all worker rights and entitlements are honoured.

 

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