Mobile phone retailer Phones 4u is on the hunt for more than a hundred new stores as it prepares to close its concessions in Currys.

Mobile phone retailer Phones 4u is on the hunt for more than a hundred new stores as it prepares to close its concessions in Currys.

Its 160 concessions are set to shut before May next year following the merger of Currys owner Dixons with Carphone Warehouse. The merged firm Dixons Carphone will replace the Phones 4u concessions with Carphone Warehouse branded areas.

However, Phones 4u is looking to open new stores close to the Currys branches to compete with Carphone Warehouse, according to the Express.

The 350 staff working in the Currys concessions will be found roles in either new or existing Phones 4u stores.

Phones 4u has more than 500 standalone stores across the UK. The firm, which is owned by private equity firm BC Partners, is understood to be considering an IPO later this year.

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