A CORK family has bought classified advertising newspaper Buy & Sell and plans to invest substantially in its development.

Classifieds magazine and website Buy & Sell has been bought by a family from west Cork, who have pledged to retain current staff and expand the business.

A BUYER has been found for the Irish-owned classified sales business Buy & Sell, which went into examinership in June.

THE number of firms that will collapse this year will hit levels never before seen in the State.