Robin Hood president Sandy Schaefer yesterday met with staff to announce further lay-offs as he confirmed the closure of the company's $7 million Prince Charles Drive location, a day after City Markets' chief Mark Finlayson announced he had pulled out of a deal to buy the company's food retail business.

Mr Schaefer, however, blamed the closure of the store on ongoing roadworks on Prince Charles, rather than the termination of the deal with Mr Finlayson. Robin Hood's second outlet is thus closing within four-five months of opening, a sharp contrast to expansion plans announced close to 2010's year-end.

Mr Schaefer, ...

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