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BrightHouse: Rent-to-own giant folds as coronavirus shuts shops

BrightHouse - the biggest rent-to-own operator in the UK - has collapsed, with administrators now attempting to salvage parts of the business.
Customers should continue to make the monthly payments required to keep their household goods, with administrators now acting as the collecting agent.
The company had been struggling after an influx of compensation claims for selling to people who could not repay.
Its shops were then shut owing to coronavirus restrictions on retailers.
Julie Palmer, from corporate recovery business Begbies Traynor, said: "Coronavirus was the final nail in the coffin for BrightHouse."

https://www.bbc.co.uk/news/business-52090976
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