Receivers for Colorvision

THE jobs of 700 employees of the British TV and video stores chain Colorvision were put at risk yesterday when the company asked…

THE jobs of 700 employees of the British TV and video stores chain Colorvision were put at risk yesterday when the company asked its bankers to call in administrative receivers. The board said the company was unable to trade within it overdraft limits because of poor sales and the continuing impact of its fraught relationship earlier in the year with the Office of Fair Trading.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective