The Evening Standard reports that Allders, once Croydon's flagship store, is due to go into administration in the next 24 hours.
That is bad news for the staff and pensioners as, aside from the jobs that may be lost, there is a rumour in the City of a £17M black hole in the pension fund.
The Standard reports that the company that owns the Allders chain, Minerva, only acquired Allders to get its hands on the flagship Croydon site.
What does this mean for the centre of Croydon I wonder?
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