5,400 employees fear for future as talks begin over Phones 4u
The corporate restructuring team from PricewaterhouseCoopers said it was hopeful that it will be able to pay all the outstanding wage arrears but that this was dependent on accessing funds to pay for the costs of the business.
PwC partner Rob Hunt said: “Our initial focus will be to quickly engage with parties who may be interested in acquiring all or part of the business, and to better understand the financial position and options for the company. The stores will remain closed while we have these conversations.
