Five hundred employees of East London-owned Just On Cosmetics were sent home when 43 stores shut their doors just over a week ago.
The beauty care and household business, which were bought as a faltering concern a year ago by the Pocot Trust, of which East London magnate Tony Cotterell is one of three trustees, are now in limbo and jobs are on the line as the owners “evaluate the business”.
Just On Cosmetics procurement manager Ricardo Calaca said the closures were a result of the stores’ biggest supplier, which provides 80% of the stock, having cut credit to the stores, despite Just On Cosmetics being fully paid up.
Shock after 43 Just On stores close
The beauty care and household business, which were bought as a faltering concern a year ago by the Pocot Trust, of which East London magnate Tony Cotterell is one of three trustees, are now in limbo and jobs are on the line as the owners “evaluate the business”.
Just On Cosmetics procurement manager Ricardo Calaca said the closures were a result of the stores’ biggest supplier, which provides 80% of the stock, having cut credit to the stores, despite Just On Cosmetics being fully paid up.
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