Who owns Bescot retail Park?
Savills Investment Management is the brand name of Savills Investment Management LLP and Savills Investment Management (UK) Limited.
Is Sheffield JTF closing down?
JTF Mega Discount Warehouse has closed its stores, including one in Rotherham, having collapsed into administration. Established over 40 years ago, and with a recent turnover of circa £60m, JTF had been struggling to manage debts accrued as a result of the worsening retail climate and excessive head office costs.
Who owns JTF now?
Poundstretcher’s owners have bought JTF Mega Discount Warehouse from administrators. The stores have been acquired by Bargain Buys, a subsidiary of Poundstretcher, which launched a CVA rescue plan last year. The deal includes JTF’s brand and other assets, and could see nine stores reopened.
What happened to JTF?
Forty-year-old discount chain JTF Mega Discount Warehouse has collapsed with the loss of 500 jobs. The variety discounter had 12 stores in retail parks in the midlands and north of England, but closed them all between the end of May and Friday last week. A JTF spokesman said it continued to seek a buyer.
When did JTF close?
StokeonTrentLive reports that chairman Arthur Harris – who acquired the business in 2020 – told staff in a letter on Tuesday: “Unfortunately, our collective efforts to secure a sale of the business have failed and we were forced to cease trading on Friday, July 16.
What does JTF sell?
JTF is a 40-year-old retailer that sells a wide range of general merchandise, including homewares and garden furniture, alongside food & drink in its out-of-town warehouse-style stores.
Has JTF been sold?
Last week it emerged the brand and other assets had been bought from administrators by Bargain Buys, a subsidiary of Poundstretcher. The new owners also acquired the licence to operate nine JTF stores, including Barrow, Hucknall, Hull, Lincoln and Stoke.
Who started JTF?
Ian Thomas Mattioli
The company was founded by Ian Thomas Mattioli on January 27, 2014 and is headquartered in Leicester, the United Kingdom.
Is JTF still in business?
The Joint administrators of the JTF Mega Discount Warehouse business have confirmed the three stores which will stay permanently closed. This week BusinessLive revealed how the Leicestershire-based Poundstretcher group had bought the chain’s intellectual property rights and was reopening nine of its stores.
Is JTF Sheffield closing down 2021?
The Preston, Sheffield and Warrington stores have permanently closed. Administrators at business advisory firm FRP said they were working with the pensions regulator and redundancy payments service to support the former JTF employees who were made redundant, and a specialist team was helping process claims.
When did JTF store open in Bescot Crescent?
Customers arrived at JTF Mega Discount Warehouse at Bescot Retail Park, Walsall, to find about a dozen staff and contractors dismantling the shelves and packing up stock inside. The outlet based in Bescot Crescent opened in November 2014 with bosses promising to create dozens of new jobs.
Where was JTF home and garden store in Walsall?
A home and garden store that opened at a cost of £1.5 million in the Black Country has closed its doors after five years. Customers arrived at JTF Mega Discount Warehouse at Bescot Retail Park, Walsall, to find about a dozen staff and contractors dismantling the shelves and packing up stock inside.
Is the JTF store in Ketley closing down?
Last year JTF marked its 40th anniversary with a series of deals, events, and product give-aways at the store. JTF has yet to comment on the store’s closure. Senior reporter for the Shropshire Star based out of the head office in Ketley.
Which is cheaper JTF or other home and garden stores?
Mr Hickman added that children’s games at JTF cost half the price of other chains and that items crisps multi packs were about £1 cheaper even with the VAT on top. Joe Smith, a retired serviceman, of Wednesbury, said: “I’m a keen gardener and I like roses.