Phones 4u has gone into administration placing more than 292 jobs at risk in Scotland - including 19 in Fife - after network operators EE and Vodafone cut ties with the mobile phone retailer.
The company, which has a store in the Kingdom Centre in Glenrothes, with five members of staff, is now left waiting on a final decision by administrators as to whether they can reopen for business in the future.
On the company’s store fronts, website and social media accounts, a message was posted on Monday informing customers of the closure: ‘Dear customer, following the unexpected decision of EE and Vodafone to withdraw supply from Phones 4u, we regret that we are now offline. Please accept our apologies and we will update you as soon as possible, the heartbroken Phones 4u team.’
David Kassler, Phones 4u chief executive, said: “A good company making profits of over £100 million, employing thousands of decent people, has been forced into administration. If the mobile network operators decline to supply us, we do not have a business.
Rob Hunt, PwC partner and joint administrator for the company added: “This is a very sad day for the business and the many people working there. Our initial focus will be to quickly engage with parties who may be interested in acquiring all or part of the business and to better understand the financial position and options for the company.“