.jpg)
Trade and Industry Minister David Cretney hopes a buyer can be found for wholesaler HE Richards, which went into administration today, putting the future of its 28 staff in doubt.
The firm lost its cigarette supply business earlier this month, because of a dispute with Imperial Tobacco over payments.
KPMG has been appointed as the company’s receiver and says the firm is up for sale.
Mr Cretney says it's disappointing news, but there are signs a deal could be reached:
Manx Care hopeful new offer will be accepted amid looming industrial action
BMA members considering updated pay offer from health body
Island-based Strix factory to close
Ramsey operations to transfer to China plant
'Massive chef shortage' on the Island
Eateries closing on several days due to lack of staff
Bride Commissioners organise drop in session about NCAS funding
Board member Ivan Burton says current costs 'unfairly penalise residents in parish