Page last updated at 13:02 GMT, Saturday, 8 May 2010 14:02 UK

Derrys department store in Plymouth in administration

A sign at Derrys informs customers of the change

A company which operates Derrys department store in Plymouth and four home furnishings stores in Devon and Cornwall has gone into administration.

Vergo Retailing, which took over Derrys in February 2009, also owns Homemaker stores in Exmouth, Kingsteignton, Launceston and Cothill, Plymouth.

Financial consultancy MCR has been brought in as administrator.

Vergo blamed a "difficult trading environment during the economic downturn".

'Financial loss'

A sign outside Derrys confirmed that Vergo was in the hands of the administrators.

Vergo employs a total of 942 staff across 19 outlets, including those in Devon and Cornwall.

Sarah Bell, of MCR, said: "Unfortunately the company has endured periods of financial loss.

"Like many retailers, it has experienced a difficult trading environment during the economic downturn."

No-one was available for comment from Vergo.

Print Sponsor

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific