Iconic UK high street chain set for return 14 years after it went out of business

It went into liquidation back in 2012.

The news sees former electronic retailer Comet return to availability for shoppers as an online marketplace.

Comet closed back in 2012, when faced with what were described as "severe" financial difficulties.

Using the brand's familiar orange and black branding, Comet will be transformed into a platform selling electrical goods from thousands of retailers.

Comet's resurrection has been made possible following the acquisition of the brand by the entrepreneur Cas Paton, who said he was inspired by a trip to the Trafford Park Comet store as a child.

As quoted in the Metro report, Paton said: "I remember being a very young boy and going into Comet and just being so excited by the potential of all this new technology.

"Whether it was the TVs or the electronics, these were things you aspired to own."

"We wanted to try and bring that nostalgia of the brand and the history and the way it makes people feel into an online marketplace."

Comet was founded back in 1933, and was one of the most recognisable chains on the highstreet before its collapse in 2012.

Although the initial plan is for the new-look Comet stores to operate as an online marketplace, without selling any of its own stock, according to Metro: "Paton is exploring click-and-collect partnerships which could eventually see the Comet name return to high street buildings."