Looking for a new phone or maybe just a great deal? A few weeks ago we exclusively reported that Phones4u’s accessory stocks had gone up for auction after the company went into administration last September and now the company’s handset and tablet stock is up for auction with the same auctioneer. Continue reading “Thousands of Phones4U handsets go up for auction”
A small English auctioneer based in Marchington, East Staffordship have been appointed by the administrators of failed UK retailer Phones4U to raise approximately £10.8 million by selling ex stock items. Around 2,000 to 3,000 items – which include headphones, watches, speakers and cases – have begun going on sale in weekly online auctions which will continue until all stock is sold. Continue reading “Grab a bargain: Ex-Phones4U stock goes on sale in online auction”
A leading American law firm has been asked to look into claims that Phones4u’s directors and mobile network partners were responsible for the company’s collapse into administration. Sky News has learnt that Quinn Emanual Urquhart and Sullivan has been appointed by the chain’s administrators, PricewaterhouseCoopers (PwC), to look into the action of the directors before the demise. This could lead to legal action should the directors be judged to have breached their fiduciary duties as company directors.
Continue reading “Former Phones 4U Directors face legal action over collapse”
