Business · Companies · 17 hrs ago

Comet relaunches as an online marketplace 14 years after its collapse

Comet relaunches as an online marketplace 14 years after its collapse

Comet has returned as an online electrical marketplace 14 years after the retailer collapsed.

The British brand, founded in 1933, went into liquidation in 2012 after becoming one of the country's best-known electrical retailers.

Entrepreneur Cas Paton bought the brand and is relaunching it with more than one million products from 2,500 sellers, including TVs, washing machines and computers.

The new site will sell products for other retailers rather than stocking its own goods, and will focus only on electrical products.

Paton has invested £10 million and says Comet aims to offer customers more choice and competition in a difficult market.

The business is online-only for now, though Paton is exploring click-and-collect partnerships that could bring the brand back to high streets.

1 source

Related

What people are saying

Cas PatonComet entrepreneur
Every sale that’s made on Comet is a sale for another retailer. We’re a friend of the retailers. We’re here to attract customers, build trust and give customers choice.
via Mirror
It’s that excitement of going into the store that I don’t think has ever really been recreated.
via Mirror
The market is really tough. Money is really tight. But people still need a kettle. They still need a toaster. They still want a TV.
via Mirror