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<h1 style="box-sizing:border-box;font-size:16pt;color:rgb(0,0,0);font-family:Verdana,Arial,Helvetica,sans-serif;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial">Maplin goes into administration</h1><p style="box-sizing:border-box;color:rgb(0,0,0);font-family:Verdana,Arial,Helvetica,sans-serif;font-size:16px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial">The BBC reports that<span> </span><strong style="box-sizing:border-box">Maplin</strong>, one of the UK's biggest electronics retailers, has collapsed into administration after talks with buyers failed to secure a sale<span> </span><br style="box-sizing:border-box"><br style="box-sizing:border-box">Maplin, which has 217 stores and 2,335 staff, will continue to trade through the process.<span> </span><br style="box-sizing:border-box"><br style="box-sizing:border-box">Potential buyers had included Edinburgh Woollen Mill, the clothing company that owns Peacocks, Country Casuals and several other retailers. However, talks are understood to have broken down.<br style="box-sizing:border-box"><br style="box-sizing:border-box">Set up in 1972 as a small mail order business by Roger and Sandra Allen and Doug Simmons. The company originally started in a bedroom at the Allens' home in Rayleigh, Essex after the electronics enthusiasts were disappointed by the complexity and poor availability of existing electronic component suppliers.<br style="box-sizing:border-box"><br style="box-sizing:border-box">In 1976 the first store was opened at nearby Westcliff-on-Sea, the founders sold the company in 1994.<br style="box-sizing:border-box"><br style="box-sizing:border-box">Read the BBC story at<span> </span><br style="box-sizing:border-box"><a href="http://www.bbc.co.uk/news/business-43223175" target="_blank" style="box-sizing:border-box;color:rgb(0,51,102);text-decoration:none;word-wrap:break-word">http://www.bbc.co.uk/news/business-43223175</a></p><p style="box-sizing:border-box;color:rgb(0,0,0);font-family:Verdana,Arial,Helvetica,sans-serif;font-size:16px;font-style:normal;font-variant-ligatures:normal;font-variant-caps:normal;font-weight:400;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration-style:initial;text-decoration-color:initial">Read the Southend Echo story at<span> </span><br style="box-sizing:border-box"><a href="http://www.echo-news.co.uk/news/16054680.Rayleigh_founded_firm_Maplin_collapses_into_administration/" style="box-sizing:border-box;color:rgb(0,51,102);text-decoration:none;word-wrap:break-word">http://www.echo-news.co.uk/<br style="box-sizing:border-box">news/16054680.Rayleigh_founded_<br style="box-sizing:border-box">firm_Maplin_collapses_into_<br style="box-sizing:border-box">administration/</a><span> </span></p>
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