OpCapita is reportedly looking to sell Comet after owning the retail chain for less than a year.

According to Sky News, the electrical goods chain has received approaches from a number of potential buyers. OpCapita bought Comet for £2 in November last year, which was supported by a £50m (€58.7m) dowry from former owner Kesa to take on Comet’s assets, which include 250 UK stores.

As part of the deal, Kesa is open to making a profit but only if OpCapita manages to sell Comet on for more than £70m. 

John Clare, the former chief executive of rival Dixons, was brought in as chairman of Comet and has said he intends to focus on low prices. Comet’s stores made losses of nearly £9m (€11m) in 2010, but it was more concerned about its pension liabilities – which had a net deficit of €45.9m at the end of April last year – when it agreed to sell up to OpCapita. 

Picture: Source