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Industry News

Published on February 7th, 2019 | by The GC Team


Store closures and job losses at Brighthouse

Rent-to-own retail chain Brighthouse is to shut 30 of its stores – around a tenth of its estate – with the potential loss of 350 jobs.

The move follows the recent report of half-year losses at the company rising to £22.1 million and comes as the FCA is planning a price cap on rent-to-own firms.

The stores will close over the next two months and all employees affected by the proposals have been informed, the company said.

“We are working to redeploy as many people as possible into alternative roles, but redundancies will be inevitable,” said a spokesperson for the business.

“We will be speaking to all customers affected by the store closures and either transferring them to another local store or serving them online. We’re also introducing PayPoint, allowing customers to pay BrightHouse in cash at 28,000 locations across the UK.”

Brighthouse currently employs around 3,000 people.

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