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Albemarle and Bond rescue deal imminent to save branches and jobs

By Western Daily Press  |  Posted: April 14, 2014

Albemarle and Bond, which began in Bristol, will be rescued this week

Albemarle and Bond, which began in Bristol, will be rescued this week

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A rescue of Bristol-founded pawnbroker Albemarle & Bond will be completed this week after a deal was struck to save some of its 183 branches and 900 jobs. Administrators from PwC said negotiations with a preferred bidder for the sale of Albemarle as a going concern were at an advanced stage. It came after reports said ex-Bank of Scotland chief executive Sir Peter Burt was poised to buy it through his Promethean Investments private equity vehicle.

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