2,500 job losses as tobacco wholesaler goes into administration
Some 2,500 staff have been made redundant following the collapse of tobacco wholesaler Palmer & Harvey, which has a major presence at Haydock on Merseyside, into administration.
The company has appointed PwC as administrators as a result of “challenging trading conditions”.
Talks with US private equity fund Carlyle Group over a possible takeover took place in October but appear to have come to nothing.
P&H is the UK’s largest supplier of cigarettes but also supplies alcohol, groceries, and frozen food to 90,000 ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
