Habitat faces job cuts in new home

owner of Argos and Homebase

habitat purchase of the brand and flagship stores in London - but the rest of the British TV goes into administration

The owner of the habitat Argos bought the brand in the UK and its three best shops in London of 24.5 million pounds, but the rest of the chain was placed under British administration as part of a restructuring that could result in over 700 jobs.

Home Retail Group chief executive Terry Duddy said he had bought the rights to the brand of furniture and accessories and the website of the habitat, but only three of its 33 stores. He said that only 150 of its 900 employees, including 50 from its headquarters, including the design team-high 194, would move to work for the group, which also owns Homebase.

corporate restructuring Zolfo Cooper, has been appointed to find buyers for the 30 events, which continue to trade as usual. The company said that all existing orders and all customer deposits were fully protected.

Duddy promised to preserve the integrity of the bank that began in the 1960s by design guru Sir Terence Conran, as an antidote to the austere beauty of the furniture postwar Great Britain. "There is no value in us doing anything to undermine this brand, but to preserve its integrity," said

Habitat brand, with its "style powers to" and "hard assets" that has been said, an important addition to the group's portfolio of brands, including Schreiber, Hygena, Alba and George W. Bush.

• Duddy said he did not know if the operation had the blessing of Conran, but said the design team has been in contact recently with the founder and the discussions were positive.
Habitat

has financial difficulties for many years: the shops were a breath of fresh air when they reached the street, but his ingenious designs have been imitated by cheaper rivals, and 1980 has been in financial difficulties.

was owned by the Kamprad family rich in Sweden, whose patriarch Ikea Ingvar founded nearly 20 years, but even his experience could not revive their fortunes and paid for the restructuring of the company Hilco to take an endowment of several million dollars loss-making business with his hands in December 2009.

In the latest set of accounts presented in the commercial register, Housing recorded a loss of 18.7 million pounds 74.3m on sales of books in the year to March in 2009.
Hilco said trading conditions remained difficult for retailers of big ticket items like furniture. "Significant progress has been made in reducing losses and improving the product range following the installation of a new management team," he said. "However, a return to profitability for the company in the UK seems unlikely in the short term as most stores are expensive and bad location for a furniture store."

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