Bad Dreams on local jobs front

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HUNDREDS of local jobs could be lost after it was announced bed company Dreams is in administration.

More than 500 jobs around the country are under threat including those of people working at outlets in Queens Road, Heeley and Drakehouse near Crystal Peaks.

The company also has outlets in Rotherham, Chesterfield, Cortonwood, Worksop and Doncaster.

Sun European, which already owns sofa chain SCS Upholstery, will buy 170 of Dreams’ high street stores and take on 1,600 staff. Details of stores being saved have not yet been revealed.

The remaining 90 shops set to be axed by administrators Ernst & Young.

The new owner will honour customer orders where part payment deposits have been made for goods and customer warranties.

Alan Hudson, Joint Administrator, said: “Dreams is a well known market leader, but in common with many others has suffered as a result of this depressed retail environment, a rapid expansion of its store portfolio and onerous lease liabilities.

“It has seen a decline in like for like sales.”