German manufacturer and retailer Vobis is faced with finding a new home for its 86 in-store boutiques, following last ditch crisis talks between host chain Powerstore and its creditors.
Administrators for the troubled electrical retailer are expected to be appointed today (29 April) if Powerstore fails to secure necessary approval from all its creditors.
Vobis itself is a creditor, owning all the stock through its Powerstore concessions.
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