28-11-2017 20:56 via uk.news.yahoo.com

Palmer & Harvey enters administration leaving 2,500 already out of work

The wholesaler Palmer & Harvey (P&H) has entered administration after the failure of rescue talks, leaving 2,500 people out of work just weeks before Christmas.Sky News had reported earlier on Tuesday how the company - Britain's biggest tobacco supplier - was on the verge of collapse amid a funding crisis and fading hopes of a buyout by private equity firm Carlyle.Joint administrators at the business services firm PwC said P&H employed 3,400 people but they had needed to make immedia
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