Thousands of jobs at risk as tobacco supplier P&H hovers on brink

[Gerald]

Thousands of workers in the UK’s grocery distribution sector are facing a bleak Christmas as Palmer & Harvey (P&H), Britain’s biggest tobacco supplier, hovers on the brink of administration amid fading hopes of a last-ditch rescue deal.

Sky News has learnt that advisers to P&H, which employs approximately 4,000 people, are braced for the company to collapse after weeks of takeover talks with the private equity firm Carlyle failed to result in a deal.

https://news.sky.com/story/thousands...brink-11147623

More and more people stop smoking and the market is overheated.