Collapsed wholesaler Palmer and Harvey (P&H) is to be wound up and an additional 400 people made redundant, after its administrator failed to find a buyer for parts of the business.
Since being appointed on November 28, administrator PwC had been exploring a sale of P&H Direct Van Sales, P&H Sweetdirect and P&H Snacksdirect.
PwC said: “While this has generated interest, unfortunately it has not been possible to achieve a sale.
“As a result the administrators have had no alternative but to make the difficult decision to make 404 people redundant across the country, retaining a small number of staff to help with the wind down of the business.”
The news follows several announcements from retailers about their plans in the wake of P&H’s collapse: Shell has agreed a new contract with Booker Retail Partners, PepsiCo has launched a van service to deliver Walkers snack products to retailers, and Costcutter is now being supplied by Nisa in the short-term before its deal with the Co-op kicks in next year.