Thousands of jobs at risk as South Yorkshire-based Maplin goes into administration
A South Yorkshire-based electronics retailer has collapsed into administration after talks with buyers failed to secure a sale.
Maplin, which is headquartered in Manvers, Rotherham, and has six stores across South Yorkshire, will continue to trade through the process.
It is regard as one of the biggest electrical retailers in the country, with more than 200 stores and 2, 500 staff.
Meanwhile, Italian restaurant chain Prezzo, which has two eateries in Sheffield, is also understood to be closing 100 restaurants nationwide.
Chief executive officer Graham Harris said: "We believe passionately that Maplin has a place on the High Street and that our trust, credibility and expertise meets a customer need that is not supported elsewhere."
He added that Maplin will now work with administrators PricewaterhouseCoopers "to achieve the best possible outcome for all of our colleagues and stakeholders."
PwC said it would "explore all opportunities to find a new owner."
The company said stores will open as normal during this time, and there are no plans to close shops or make redundancies at the moment.
It added any outstanding customer orders will be delivered, and gift cards will be continue to be accepted in stores for the present.