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Pagazzi Lighting Enters Administration With 11 Stores Shut, 70 Jobs Lost

Administrators point to reduced margins, weaker spending, rising costs, fiercer competition.

Overview

  • BTG’s George Lafferty was appointed administrator last week following a prolonged cashflow squeeze.
  • Eleven outlets closed on Wednesday, March 4, including branches at Braehead Shopping Centre in Glasgow and Uddingston.
  • Seventy employees were made redundant after consultations confirmed the sites could no longer trade viably.
  • Pagazzi Lighting (Web) Limited bought the business and assets to continue operations online and through remaining outlets.
  • BTG said affected staff are being supported with entitlements via PACE and the Redundancy Payments Service after an earlier restructuring failed to stabilise the business.