Popular high street retailer returns to UK 14 years after chain's collapse
- Entrepreneur Cas Paton has relaunched Comet as an online electrical marketplace 14 years after the retailer collapsed, offering over 1 million products from 2,500 sellers.
- Founded in 1933, Comet was one of Britain's best-known electrical retailers before entering liquidation in 2012; Paton acquired the rights to revive its familiar black and orange branding.
- Paton has invested £10 million in the launch, positioning Comet as a specialist marketplace that does not hold its own stock but acts as a friend to other retailers.
- While the platform operates online, Paton is exploring click-and-collect partnerships to potentially return Comet's name to the high street, saying, "We're exploring a few options that might put Comet's name back."
- Driven by childhood memories of visiting the Trafford Park store in Manchester with his late father, Nigel, Paton targets a business valuation between £250 million and £500 million.
28 Articles
28 Articles
Comet brand returns as an electricals marketplace
Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more. Fourteen years after disappearing from Britain’s high streets, one of the country’s most recognisable electricals brands has officially returned, complete with its famous black and orange identity and a new ambition to become the UK’s go-to destination for tech and ele…
Comet Relaunches as an Online Electricals Marketplace
Comet has returned 14 years after disappearing from Britain’s high streets, relaunching online as a specialist electricals marketplace with its familiar black and orange identity. First founded in 1933, Comet was for generations where many British households bought a new television, washing machine, games console or other technology. The new Comet launches online with more…
Coverage Details
Bias Distribution
- 91% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
