Last updated at 14:14, Wednesday, 09 June 2010

THE future of the Robb’s department store in Hexham and its 140 jobs have been saved in a £250,000 takeover deal.

Department store group Beales confirmed the buy-out on Friday morning, after clinching an agreement with MCR, the administrators charged with the task of looking after the assets of beleaguered Vergo Retail, former owner of Robb’s.
In a statement, Beales said in terms of demographics and trading history, the Hexham store was a good addition to its portfolio of 11 market town outlets.
Beales chief executive Tony Brown was reported as saying: “It will take 12 months to get it back to where it should be. It will be a difficult road to return it to profitability but we will get there.”
He indicated there would investment at Robb’s, which would include some refitting work and a review of its concessions and own brand goods.
 

First published at 11:56, Friday, 04 June 2010
Published by http://www.hexhamcourant.co.uk