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In the week that Woolworths and MFI collapsed, jeopardising 31,000 jobs, electrical retail conglomerate DSG, the owner of Currys and PC World, plunged £30m into the red.
"Comet has been battling the changing landscape of the electrical retail sector for many years," said Kahn. "It has become increasingly difficult for it to compete with online retailers which don't face the same overheads such as store rents and business rates".
The firm also said that the president of its electrical retail unit, Duke Power, is retiring to spend more time with his family.
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As the UK's second-biggest electrical retailer, Comet, teeters on the brink of administration with the potential loss of another 6,000 jobs in the retail sector, there has been one beneficiary.
Retail availability The Sharp AQUOS XS1 and D65 series and the BD-HP21H Blu-ray player will be available in the UK from electrical retailers October 2008.
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He described the plans — since denied — of Jean Sarkozy, 21, to convert to Judaism before marrying Jessica Sebanun-Darty, an heiress to the fortune of the Darty electrical goods retailing chain.
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CEO of Professional Science Editing for Scientists @ prosciediting.com